Mobile Device Management Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Mobile Device Management Market is segmented By Solution (Software, Device Management, Application Management, Security Management, Others), By Deploy....
Mobile Device Management Market Size
Market Size in USD
CAGR34.9%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 34.9% |
| Market Concentration | Medium |
| Major Players | Microsoft Corp., IBM, Cisco Systems, SAP SE, VMware, Inc., |
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Mobile Device Management Market Analysis
The Global Mobile Device Management Market is estimated to be valued at USD 6.2 Bn in 2024 and is expected to reach USD 68.2 Bn by 2031, growing at a compound annual growth rate (CAGR) of 34.9% from 2024 to 2031. The rapid adoption of smartphones and tablets along with the need to securely manage these devices is driving significant growth in this market. Many organizations are implementing BYOD policies and relying more on mobility hence require robust MDM solutions. The mobile device management market is expected to grow substantially over the forecast period. The increasing adoption of mobile technologies across various end-use industries such as IT & telecom, retail, manufacturing, transportation, and healthcare among others is propelling the demand for MDM solutions. Furthermore, the growing remote working trend amidst the COVID 19 pandemic has further accentuated the need for effective device and application management capabilities.