May 29, 2024

Managed Mobility Services Market Is Expected To Be Flourished By Growing Popularity Of Bring Your Own Device In Enterprises

Managed mobility services involve the procurement, deployment, connectivity and ongoing support of mobile devices, apps and services to optimize business workflows. It allows enterprises to provide mobility solutions to their employees while leaving the management of the devices and applications to the service providers. This includes functions like device procurement, configuration of devices, app distribution and management, monitoring device performance and security functions. Managed mobility services enable enterprises to maximize productivity and ensure regulatory compliance cost effectively.

 

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 25.% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The growing popularity of bring your own device (BYOD) trend in enterprises is estimated to significantly drive the growth of the managed mobility services market over the forecast period. BYOD provides flexibility to employees to use their personal smartphones and tablets to access business applications and data. This requires enterprises to implement proper mobile device management and security solutions to ensure safety of business data. Managed mobility services allow enterprises to simplify and streamline BYOD programs while minimizing risk. They provide single point of contact for all mobile related issues along with advanced security capabilities.

Another major driver for the market is growing demand for cost effective mobility solutions. Managed mobility services help enterprises reduce huge capital expenditure on deployment and maintenance of mobility infrastructure. Furthermore, they ensure optimal utilization of devices through centralized management which minimizes downtime and maximizes productivity. This creates significant cost savings for organizations in the long run thereby fueling adoption of managed mobility services.

 

Segment Analysis

The global managed mobility services market can be segmented on the basis of services type, vertical, and region. Based on services type, it is segmented into mobile device management, mobile application management, mobile security, and others. Mobile device management services are dominating the segment as it provides remote monitoring and management of mobile devices, configuration of devices, distribution and enforcing security policies and configurations, and more. It helps organizations in reducing costs, improving productivity, and managing Bring Your Own Device (BYOD) and Corporate Owned Personally Enabled (COPE) programs.

Pest Analysis

 

Political: Government initiatives to support digitalization and advance 4G and 5G connectivity infrastructure are boosting the market growth. Strict data privacy and security laws are prompting organizations to adopt managed mobility services.

Economic: Rising adoption of BYOD and work from anywhere culture is driving the demand for managed services to securely access corporate resources from personal devices. Cost reduction achieved through optimal utilization of devices is fueling market growth.

Social: Younger workforce is comfortable using personal devices for work, prompting enterprises to enable mobility. Growing usage of smartphones and tablets for both personal and professional needs is favoring market expansion.

Technological: Advancements in technologies like IoT, analytics, and artificial intelligence are augmenting managed mobility capabilities. Growing deployment of 4G and 5G networks is supporting high-speed data transfer and enhancing user experience.

Key Takeaways

 

The Global Managed Mobility Services Market Demand is expected to witness high growth. The North America region is dominating the market and is expected to continue its dominance during the forecast period. In North America, the USA holds the largest market share due to the strong presence of key managed mobility service providers along with government support for digital transformation initiatives.

Key players operating in the managed mobility services market are AT&T Inc., Fujitsu Ltd., Kyndryl (IBM Corporation), Wipro Ltd, Orange SA, TelefÃ3nica SA, Samsung Electronics Co. Ltd, Hewlett-Packard, Vodafone Group PLC, Microsoft Corporation, Tech Mahindra. Key players are focusing on strategic partnerships, acquisitions, and new service launches to gain a competitive advantage in the market. For instance, in 2022, Vodafone expanded its global IoT network through the acquisition of Cynet to strengthen its Internet of Things portfolio.

The global managed mobility services market provides immense opportunities for SMEs and startups catering to enterprise mobility needs. Market leaders are collaborating with these companies to augment their service offerings. With continuous technology evolution, managed services are expected to become an integral part of the digital transformation strategy of organizations globally.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it