Mobile device management is safekeeping software which is customarily utilized by the information technology (IT) department of any company to secure, monitor and secures the different devices of employees. These devices are arrayed across the numerous mobile service suppliers. It consists of a variety of products and services that support the organizations to provide and enable the different applications in the personal mobile devices. Moreover, many of the organizations administer devices and applications utilizes the products or services of MDM. However, some of the effective functions of MDM involves being able to efficiently diagnose and troubleshoot the equipment remotely, monitoring and tracking equipment, ensuring that users applications in a consistent and supportable manner. The key players of this market are playing an important role by doing effective developments in the technology of this for leading the market demand more significantly. Whereas, many of the key players for accomplishing the rising demand of potential clients for dominating the huge market share which further becomes profitable for leading the market growth in a significant manner more significantly?
According to the report analysis, ‘North America Mobile Device Management (MDM) Market (2018-2023)’ states that there are several key players which are presently functioning in this sector more significantly for accounting the huge market share by doing effective developments in the technology includes Airwatch, MobileIron, IBM Corporation, SAP SE, Microsoft Corporation and several others. Moreover, many of the key players are benefitted with the joint ventures and mergers and acquisitions. Furthermore, the North American MDM market is anticipated to reach USD 3.23 Billion by 2023 with a compound annual growth rate (CAGR) of 24.25% during the forecasted period of 2018-2023. On the basis of countries, the market is sectored into The United States (U.S) and Canada. While the U.S has the principal market share.
Additionally, the market is segmented into three frequent sectors based on the deployment, solution and end users. While, on the basis of end users, the market is categorized into banking, financial services and insurance (BFSI), telecommunication, retail, and healthcare. However, the healthcare will have a foremost market share and will increase from USD 0.45 Billion in 2018 to USD 1.70 Billion in 2023. The CAGR will be around 30.43%.
The declining assumption of bringing your own device (BYOD) among companies is anticipated to act as a key restraining factor that could hinder the evolution of the MDM market. Integrating business applications on devices to deliver ease of admission to employees would reason severe challenges to the corporation if the device is conceded. However, the technological improvement in this region is also another primary factor why MDM is so important and comprehensively utilized. North America is the frontrunner in 4G and Smartphone assumption and is soon going to implement 5G services. Therefore, in the near future, it is expected that the market of mobile device management will grow more active in North America over the recent few years.
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Ankur Gupta, Head Marketing & Communications