Managed Mobility Services Market Growth Accelerated by Increased Adoption of Bring Your Own Device (BYOD) Trend

Global Managed Mobility Services Market Size
Global Managed Mobility Services Market Size 



Managed mobility services allow organizations to manage smartphones, tablets and other smart connected devices that employees use for work. These services help protect corporate data and ensure the security of devices accessing company networks and applications. With the growing adoption of bring your own device (BYOD) policy across organizations, demand for managed mobility services has increased substantially.

 

The global Managed Mobility Services Market is estimated to be valued at US$ 5461.59 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The growing adoption of BYOD trend among organizations has been a major factor fueling growth of the managed mobility services market. As more employees use their personal devices for accessing work applications and data, managing these devices becomes critical from security and network optimization perspective. Managed mobility services help organizations secure devices and applications while providing a seamless connectivity experience. They remove the burden of managing devices from internal IT teams. The advanced capabilities of managed mobility services such as threat detection, application management and end-point security have increased their demand substantially among organizations rolling out BYOD programs at large scale.

Segment Analysis
Enterprise mobility management segment dominated the market in 2021 which is expected to remain dominant during the forecast period. Organizations are increasingly adopting enterprise mobility management solutions to improve workforce productivity by enabling secure access to business applications and data on any mobile device. Enterprise mobility management solutions help enterprises address user experience, security challenges and manage mobile apps, devices, documents as well as policies.

Key Takeaways
Global Managed Mobility Services Market Size is expected to witness high growth. The North America region dominated the market in 2021 owing to high adoption of digital technologies across various industries in countries like the US and Canada. Enterprise mobility management solutions segment accounted for the largest revenue share in 2021 on account of increasing need among organizations to securely manage corporate-owned as well as bring your own devices.

Regional analysis: North America is expected to retain its dominance during the forecast period. Large number of early technology adopters in various end-use industries and presence of major managed mobility services providers in the region are driving the market growth. The Asia Pacific region is projected to register fastest growth during 2023-2030 due to rapid digitalization initiatives being undertaken by governments as well as private enterprises across countries like China and India.

Key players operating in the Managed Mobility Services market are Nestle S.A., Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg, Company, Fifty 50 Foods, Inc., Mars Inc., Newtrition Plus Health and Wellness Pvt. Ltd, and Herboveda India.

 

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