Mobile device management is an industry term for the supervision of mobile devices, such as tablet computers, desktop computers, mobile devices, and several others. MDM is frequently executed with the usage of a third party product that has management advantageous for the particular suppliers of mobile devices. Moreover, it is a security which is commonly used by the information technology (IT) department of any corporation to manage, protected and observer the dissimilar devices of workforces. Furthermore, it consists of a wide range of products and services that support the enterprises to enable and funding unlike applications in personal mobile devices. The key players of this market in Europe are playing an important role by doing effective development in the technology of mobile devices for dominating the highest market share which further proved to be beneficial for leading the fastest market growth.
The market key players of this region are adopting the attractive and effective strategies and policies for accounting the huge market share in the short span of time. According to the report analysis, ‘Europe Mobile Device Management (MDM) Market (2018-2023)’ states that there are several key players which are recently functioning in this market more significantly for acquiring the huge market share by doing attractive developments in the specifications of the mobile devices such as Airwatch, MobileIron, IBM Corporation, SAP SE, Microsoft Corporation and several others. The European MDM market is predicted to reach USD 1.83 Billion by 2023 with a compound annual growth rate (CAGR) of 20.02% during the forecasted period 2018-2023. Moreover, the key players of this market in Europe are performing their functions more significantly for removing the challenges and restraints from the market which become profitable for the leading the highest market growth and acquiring the huge market share.
The market of mobile device management in Europe is sectored into the deployments, solutions and end users. Whereas, on the basis of solutions, the market is further classified into device management, application management, security management, and network service management. Meanwhile, the device management of this region is estimated to have the prominent market share. It is appraised to increase from USD 0.23 Billion in the year 2018 to USD 0.75 Billion in the year 2023 with a CAGR of 26.73%. Furthermore, based on the deployment, the market is further classified into the cloud and on-premise. The cloud deployment market is projected to have a larger share and is projected to develop from USD 0.38 Billion in 2018 to USD 0.99 Billion in 2023 with a CAGR of 21.16%.
Additionally, Diminish in the implementation of bringing your own device (BYOD) among businesses are hampering the growth of this market. It creates wisdom to let employees use their own devices. People work more proficiently on systems they’re accustomed to. But management access from the hundreds of multiplicities of phones, tablets, and other computers is a technological nightmare. Meanwhile, Doctors, nurses, patients, and upkeep the staff all have been aggressively using smartphones for work, which has led to the enterprises installing MDM for security reasons. The expanding consciousness of health-related issues is a feature. Therefore, in the near future, it is expected that the market of mobile device management in Europe will grow more significantly over the recent few years.
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Ankur Gupta, Head Marketing & Communications