LONDON--(BUSINESS WIRE)--TechNavio, a tech-focused research firm, has published a new report on the Global Mobile Data Monitoring (MDM) Market, which is expected to grow at a CAGR of 22.7 percent from 2014-2019.
According to the latest report by TechNavio, the increased use of personal devices for financial transactions is a major factor that is expected to propel the demand for MDM solutions in the consumer electronics segment, thus leading to the growth of the Global MDM Market.
“The popularity of mobile transactions like online payments, e-commerce and third-party transactions has encouraged the use of mobile banking, but has also created the need for high-level security against hacking and manipulation,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio emphasizes the growing adoption of big data services, which is expected to propel the market in the coming years. Big data is a rapidly growing market that is expected to generate huge revenue.
“Big data solutions offer a wide range of services required for processing and analyzing enterprise data, which is the main reason these solutions are becoming so widely accepted and adopted by enterprises on a large scale,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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