Mobile Device Management Global Market Report 2024

The mobile device management market size has grown exponentially in recent years. It will grow from $8.88 billion in 2023 to $10.94 billion in 2024 at a compound annual growth rate (CAGR) of 23.3%. The growth observed during the historical period can be ascribed to the prevalence of the Bring Your Own Device (BYOD) trend, increasing emphasis on security and compliance requirements, the drive for enterprise mobility and productivity, effective management of remote workforce, and the rising demand for application management solutions.

The mobile device management market size is expected to see exponential growth in the next few years. It will grow to $26.76 billion in 2028 at a compound annual growth rate (CAGR) of 25.0%. Anticipated growth in the forecast period is driven by increased device ecosystem complexity, rising demand for IoT device management, a focus on user experience, strategic mobile policies, and integration with endpoint security. Key trends include application security, containerization, AI for threat detection, mobile threat defense (MTD), and geofencing with location-based policies.

The rapid expansion of the mobile workforce within corporate settings is significantly driving the growth of the mobile device management market. This workforce, comprising employees not tied to a central physical location, has prompted companies to increasingly adopt mobile device management solutions for overseeing and securing smartphones and tablets used in the workplace. The substantial surge in the workforce size, coupled with the imperative need to ensure secure connectivity among employees, is poised to propel the mobile device management market. For instance, a survey conducted by the Australian Bureau of Statistics in April 2022 revealed that 46% of Australian employees presently engage in some form of remote work, while 34% of Australian firms have implemented teleworking agreements for at least a portion of their workforce. Looking ahead, IDC anticipates that mobile workers will constitute nearly 60% of the entire U.S. workforce by the conclusion of the forecast period.

The surge in the adoption of Bring Your Own Device (BYOD) policies within workplaces is anticipated to be a significant driver for the growth of the mobile device management market in the forthcoming years. BYOD refers to the practice where employees utilize their personal electronic devices - such as smartphones, laptops, tablets, and other portable gadgets - for work-related tasks. This approach relies on mobile device management (MDM) solutions to facilitate smooth integration, enforce security protocols, and enable remote administration capabilities. These MDM tools empower administrators to remotely monitor, secure, and erase devices, thereby enhancing data protection and compliance measures. For instance, as reported by Moneyzine in February 2023, approximately 70% of IT decision-makers in U.S. businesses expressed support for BYOD practices, with up to 87% of enterprises relying on employee connections through personal devices to access corporate applications. Consequently, the increasing prevalence of Bring Your Own Device (BYOD) practices within workplaces is a driving force behind the expansion of the mobile device management market.

Advancements in technology stand as a predominant trend in the mobile device management (MDM) market, with major players spearheading the launch of innovative products geared towards delivering an enriched enterprise user experience. Notably, in June 2023, GoTo, a US-based company specializing in software as a service (SaaS), mobile device management, and cloud-based remote work solutions, introduced GoTo Resolve MDM. This cutting-edge solution empowers IT professionals to seamlessly secure, configure, and oversee all corporate-owned and personal devices, spanning laptops, tablets, and smartphones, through a unified interface. GoTo's commitment to evolving into a comprehensive hub for organizational IT administration and support is further solidified by the incorporation of additional MDM functionalities within GoTo Resolve MDM. This novel offering adeptly addresses the imperative for enterprises to ensure the security, compliance, and confidentiality of corporate data across diverse devices utilized by employees on a global scale.

Prominent entities within the mobile device management market are directing their efforts toward crafting innovative products, notably mobile device support and management services, aimed at better addressing the requirements of their established client base. Mobile device support and management services encompass a suite of offerings tailored to assist organizations in effectively managing, securing, and supporting their mobile devices. An illustrative case occurred in November 2021 when PMC, a UK-based consultancy specializing in retail IT services and solutions, unveiled an exceptional mobile device support and management service. This unique service entails active end-to-end administration of a client's mobile device portfolio, offering a spectrum of features such as online protection, device location tracking, and comprehensive detection of man-in-the-middle threats, prioritizing device security as its focal point. The solution encompasses mobile device setup, enrollment, and policy management to ensure device compliance, augment device uptime, and optimize employee productivity, thereby mitigating the risk of disruptions in retail settings due to device malfunctions. PMC's service further extends 24x7 real-time assistance to store employees, facilitating prompt issue resolution. The service's quality-of-service adherence is benchmarked against industry-leading Service Level Agreements (SLAs), underscoring its commitment to delivering superior support and management services.

In September 2022, GoTo, a US-based provider of cloud-based remote work solutions, mobile device management, and software as a service, successfully acquired Miradore Ltd. for an undisclosed financial sum. This strategic acquisition aims to enhance assistance and control of all devices, particularly for small and medium-sized organizations, as facilitated by Miradore Ltd. The integration of Miradore's capabilities into the GoTo portfolio and GoTo Resolve IT support platform will provide additional mobile device management (MDM) features. Following the complete integration, clients will have the capability to control any device remotely from a single application, leveraging the combined strengths of GoTo Resolve and Miradore. Miradore Ltd. is a Finland-based company specializing in mobile device management.

Major companies operating in the mobile device management market report are Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., SAP SE, VMware Inc., Citrix Systems Inc., Micro Focus International plc, Zoho Corporation Pvt. Ltd., Quest Software Inc., Kaspersky Lab, BlackBerry Limited, Ivanti Inc., Jamf Software LLC, SOTI Inc., MobileIron Inc., Centrify Corporation, Sophos Group plc, 42Gears Mobility Systems Inc., Hexnode Technologies Limited, Kandji Inc., Baramundi Software AG, Mitsogo Inc., Matrix42 AG, Miradore Ltd., FiberLink Communications LLC, Codeproof Technologies Inc.

North America was the largest region in the mobile device management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile device management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mobile device management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary classifications within mobile device management encompass solutions and services. MDM serves as a security and management technology empowering IT administrators to oversee, manage, and secure both corporate and personal mobile devices operating across diverse operating systems. It offers compatibility with various systems such as iOS, Android, Windows, Mac OS, and Linux, facilitating deployment either on-premises or in the cloud, catering to businesses of all sizes - from small to medium and large enterprises. Various industry verticals benefit from mobile device management, including banking, financial services, insurance, telecommunications, retail, healthcare, education, transportation, government, manufacturing, automotive, and other sectors within the information technology domain.

The mobile device management market research report is one of a series of new reports that provides mobile device management market statistics, including mobile device management industry global market size, regional shares, competitors with a mobile device management market share, detailed mobile device management market segments, market trends and opportunities, and any further data you may need to thrive in the mobile device management industry. This mobile device management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The mobile device management market includes revenues earned by entities by providing software tools that automate the processes of managing and securing an organization's fleet of mobile devices and protects corporate data by controlling apps, content, and accessibility on managed devices. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.