Managed mobility services help organizations centrally manage and secure personal devices used for work purposes to gain optimal productivity. Services such as mobile device management, mobile application management, and mobile content management help securely distribute apps and data, update devices remotely, configure and wipe devices if lost or stolen.
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 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
With the proliferation of BYOD policies in organizations, the demand for managed mobility services has increased substantially over the years. As many employees use personal devices such as smartphones and tablets for work, these services help IT departments securely manage such devices from a central location. Features like remotely wiping sensitive work data from lost or stolen devices and applying configurations and security updates remotely ensure data security. Managed mobility service providers offer comprehensive solutions to simplify and streamline BYOD programs while meeting regulatory compliance requirements.
SWOT Analysis
Strength: Managed mobility services help organizations securely manage mobile devices, applications and services which reduces IT management and support costs.
Weakness: Customers may have concerns about data security and privacy with managed services outsourcing critical device and application management.
Opportunity: Growing bring your own device culture in organizations and increased mobile internet usage provides scope for managed mobility service providers to assist in support, management and security of diverse personal and corporate devices.
Threats: Growth of independent contractors and freelancers relying on personal devices and apps reduces scope for custom managed service deployments for large organizations. Tight budgets can restrict organizations from outsourcing mobility functions.
Key Takeaways
Global Managed Mobility Services Market Size is expected to witness high growth.
Regional analysis:
North America dominates current managed mobility services market owing to presence of major service providers and early technology adoption in organizations. Asia Pacific region is expected to emerge as fastest growing market with rapid pace of digital transformation and economic growth in countries like China and India driving need for managed mobility solutions to support workforce.
Key players operating in the Managed Mobility Services market are Nestle S.A., Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg, Company, Fifty 50 Foods, Inc., Mars Inc., Newtrition Plus Health and Wellness Pvt. Ltd, and Herboveda India. These leading players are focusing on partnerships, collaborations, mergers and acquisitions to expand their global footprint and service offerings. For example, in 2022 Unilever partnered with Accenture to strengthen its IT infrastructure and applications management using next generation managed services.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.