Managed Mobility Service Market

Managed Mobility Service Market Outlook 2031

The global managed mobility service market size was valued at USD 3855.35 Billion in 2022 and is anticipated to reach USD 29583.76 Billion by 2031, expanding at a CAGR of 8.52% during the forecast period, 2023 – 2031. The growth of the market is attributed to the growing adoption of BYOD practices across various industries.

Managed mobility services (MMS) is a term used by analysts and businesses. Some institutions' mobile and remote employees is procured, deployed, and managed with the help of MMS and its used to ensure compliance with the enterprise environment.

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The COVID-19 pandemic has positively impacted the managed mobility service market as the pandemic has resulted in a shift in working patterns, which are increasing the demand from enterprises to equip remote workers with resources they require to be productive on managed devices and get protected from evolving cyber threats.

Managed Mobility Service Market Trends, Drivers, Restraints, and Opportunities

• Increasing rapid incorporation and adoption of IoT devices across various industries requires high security, thereby, increasing the services' usage is projected to drive the market growth during the forecast period.
• Growing demand for managed services is anticipated to boost the market growth in the coming years.
• Rising usage of mobile devices among companies is projected to drive market growth during the forecast period.
• Growing Internet consumption across the globe is expected to boost the market growth.
• Rising technological advancements are expected to boost the market growth in the coming years.
• The growing manufacturing industry and demands for seamless integration of mobility across the value chain is anticipated to boost the market growth in the coming years.
• Increasing activity of outsourcing non-core business activity is expected to boost the market growth in the coming years.
• Lack of awareness among businesses are major factor restraining the market growth in the coming years.
• Concerns over cost control is estimated to restrict the market growth in the coming years.
• Increasing demand for integrated MMS solutions and hybrid cloud-based MMS solutions can create lucrative opportunities during the forecast period.

Scope of Managed Mobility Service Market Report

The report on the global managed mobility service market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Managed Mobility Service Market Segment Insights

Mobile security segment to hold a significant market share

Based on functions, the market is divided into mobile device management, mobile application management, mobile security, and others. The mobile device management segment is anticipated to hold a key share of the market in the coming years due to enhanced security, update, and support and better application control. However, the mobile security segment is anticipated to expand at a rapid pace during the forecast period owing to regulatory compliance and security policy enforcement.

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On-premise segment is expected to grow at a rapid pace

On the basis of deployments, the market is divided into cloud and on-premise. The cloud segment is expected to represent a major share of the market in the coming. On the other hand, the on-premise segment is anticipated to expand at a rapid pace during the forecast period, as it provides high security and operate without Internet, and offer control over server hardware.

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IT and telecom segment is anticipated to hold a large market share

In terms of end-users, the market is fragmented into IT and telecom, BFSI, healthcare, manufacturing, retail, education, power & energy, and others. The healthcare segment is anticipated to hold a key share of the market in the coming years. MMS maintain privacy of consumer’s sensitive information and encourage adoption of MMS solutions that are compliant with specific regulations.

However, the IT and telecom segment is anticipated to expand at a rapid pace during the forecast period, as IT firms are continuously shifting toward cloud-based mobility management services.

Regional Analysis

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to the substantial penetration of mobile devices among organizations for seamless connectivity among employees and for providing agile services to the customers.

However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the presence of various developing countries, such as China and India.

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Segments

The global managed mobility service market has been segmented on the basis of

Functions

• Mobile Device Management
• Mobile Application Management
• Mobile Security
• Others

Deployments

• Cloud
• On-premise

End-users

• IT and Telecom
• BFSI
• Healthcare
• Manufacturing
• Retail
• Education
• Power & Energy
• Others

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• AT&T Inc.
• IBM Corporation
• Wipro Limited
• Fujitsu Limited
• Orange S.A.

Competitive Landscape

Key players competing in the managed mobility service market include AT&T Inc.; IBM Corporation; Wipro Limited; Fujitsu Limited; and Orange S.A. Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.