DUBLIN--(BUSINESS WIRE)--The "Global Mobile Device Management Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The MDM market is expected to grow at a compound annual growth rate (CAGR) of around 23% (2018-2023) which will lead to a global revenue of USD 7.96 Bn by the year 2023 from 2.83 Bn in 2018.
The Gartner research firm defines mobile device management as "a range of products and services that enables organizations to deploy and support corporate applications to mobile devices, such as smartphones and tablets, possibly for personal use enforcing policies and maintaining the desired level of IT control across multiple platforms."
Some of the Benefits of MDM:
- It is easier to update software in mobile devices.
- The administrator can manage and monitor the devices without being on the location.
- MDM provides the facility to backup and restore data.
- In case the device is lost or stolen, the facility is there to lock and disconnect the data from a distance to avoid unauthorized access.
Key Growth Factors
The rapid increase in smartphone penetration along with rising concerns regarding security of corporate data are the major drivers for the global mobile device management market. The bring your own device (BYOD) trend which allows employees bring their own device, can be considered as another prominent driver for the modern global mobile device management market.
Moreover, increase in young work force population is another reason which is increasing the need for mobile device management solutions. As MDM vendors improve their security and adaptability features and spread them to other electronic devices such as laptops and smart watches, demand for advanced mobile device management solutions is projected to continue rising throughout the forecast period.
Threats and Key Players
Incorporating business applications on devices for providing ease of access to employees pose serious challenges to the corporation if the device is compromised. The devices may be exposed to third-party applications as well as malware and virus threats. Leakage of corporate data on mobile devices has grown and poses a bigger challenge than malware. Organizations need a cost-effective strategy for MDM to ensure data security while at the same time providing a convenient end-user experience. Threat can enable MDM system to act wrongly in case of natural disasters like flood and earthquake.
The key players operating in this market are Sika AG (Switzerland), The Dow Chemical Company (U.S.), Bayer (Germany), Henkel (Germany), BASF (Germany), 3M Company (U.S.), Ashland Specialty Chemical Company (U.S.), H.B. Fuller Company (U.S.), Hindustan Adhesives Limited (India), ExxonMobil Chemical Company (U.S), Dynea International Oy (Finland) , Forbo Adhesives Switzerland (Switzerland), Hexion Specialty Chemicals (U.S.) and Covalence Adhesives (U.S.), etc.
- SAP SE
- Microsoft Corporation
- Citrix Solutions
- IBM Corporation
Key Topics Covered
Chapter 1. Executive Summary
Chapter 2. Global MDM Market - Market Overview
Chapter 3. North America MDM Market
Chapter 4. Europe MDM Market
Chapter 5. Asia-Pacific MDM Market
Chapter 6. Latin America MDM Market
Chapter 7. The Middle East and Africa MDM Market
Chapter 8. Competitive Landscape
Chapter 9. Conclusions
For more information about this report visit https://www.researchandmarkets.com/research/pxq398/global_mobile?w=4