by The Managed Mobility Services Market is estimated to be valued at US$ 5461.59 Mn or Mn in 2023 and is expected to exhibit a CAGR of 25% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Managed mobility services include managing mobile devices, wireless networks, and security for enterprises. They help businesses harness the power of mobility through providing comprehensive mobile solutions. Key offerings include mobile device management, mobile application management, mobile content management, and expense management. They help enterprises simplify device management, data security, regulatory compliance, and optimize costs associated with mobility solutions.
Market Dynamics:
Rising adoption of BYOD is a major driver for the managed mobility services market. With the increasing usage of personal devices at workplaces, enterprises need to manage risks and secure sensitive data accessed through these devices. Managed service providers help establish policies, monitor devices, secure access through solutions like remote wiping. Secondly, increased demand for optimization of mobile costs and expenses is also fueling market growth. Managed service providers use analytics and reporting solutions to optimize usage and eliminate wasteful spending on unwanted services. They help enterprises get better control and visibility of mobile expenses.
Segment Analysis
The global managed mobility services market is segmented into verticals such as healthcare, manufacturing, logistics and transportation, retail, financial services and others. The healthcare vertical dominates the market and is expected to witness the highest growth during the forecast period owing to increasing usage of various medical devices, mobility solutions and service desks across hospitals and clinics.
PEST Analysis
Political: Developing economies are actively working towards consolidating and developing their healthcare infrastructure which is positively impacting the adoption of digital technologies and managed mobility services.
Economic: Growing economy and increasing disposable income of consumers is driving the demand for advanced digital technologies in industries like manufacturing, retail, logistics etc further fuelling demand for managed mobility services.
Social: Higher internet and smartphone penetration along with changing consumer preference towards digital and cloud-based solutions is augmenting the adoption of managed mobility services across industries and geographies.
Technological: Emerging technologies like automation, IoT, big data analytics are finding increased usage across industries which is leading to higher dependence on cloud and mobility solutions driving demand for managed mobility services.
Key Takeaways
Global Managed Mobility Services Market Size is expected to witness high growth, exhibiting CAGR of 25% over the forecast period, due to increasing digitization and automation across industries. The North America region dominates the market currently owing to strong technological infrastructure and early adoption of advanced digital technologies across industries in countries like US. The healthcare vertical has emerged as the fastest growing segment in the recent years with increasing dependency of hospitals and clinics on mobility and remote patient monitoring solutions enhancing patient care. Key players operating in the managed mobility services market are AT&T Inc., Fujitsu Ltd., Kyndryl (IBM Corporation), Wipro Ltd, Orange SA, TelefĂ3nica SA, Samsung Electronics Co. Ltd, Hewlett-Packard, Vodafone Group PLC, Microsoft Corporation, Tech Mahindra. These players are focusing on mergers & acquisitions and new service launches to consolidate their market shares.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
