Managed mobility services help organizations securely manage smartphones, tablets, laptops and other devices that employees use for work. They involve tasks like procurement and distribution, technical support, security management, and analytics. As remote and hybrid work models gain popularity, managed mobility services ensure employees can access the resources they need from any location while maintaining network and data security. They allow IT teams to implement policies, configure settings, distribute apps, wipe lost/stolen devices, and remotely lock or wipe devices if needed.
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 Dynamics:
Increased Adoption of BYOD and Enterprise Mobility Trends: The growing popularity of bring-your-own-device (BYOD) policies and enterprise mobility trends have significantly increased mobility in workplaces. Many organizations now allow employees to use personal smartphones and tablets for work. This presents the opportunity for managed mobility services providers to help implement BYOD programs and design policies around device usage, access, security, and management. As mentioned in the heading, this is driving significant growth of the managed mobility services market.
Rising Security and Compliance Concerns: With more employees accessing cloud services and storing sensitive corporate data on devices beyond the organization’s perimeter, security vulnerabilities have risen considerably. Regulatory compliance has also become critical for protecting organizational and customer information. Managed mobility services can help address these challenges through features like mobile threat defense, data encryption, containerization, and remote wipe capabilities. This is further fueling demand from organizations looking for robust security and compliance with mobility initiatives.
Segment Analysis
The Managed Mobility Services market is segmented into enterprise mobility management, mobile device management, mobile application management, and others. The enterprise mobility management segment dominated the market in 2024 and is expected to continue its dominance during the forecast period. Enterprise mobility management offers centralized management and security of all endpoints, including company-owned and BYOD smartphones, tablets, and laptops. This helps organizations seamlessly connect and mobilize their workforce while effectively managing security and privacy.
PEST Analysis
Political: Governments across major countries are focusing on digitization and promoting the adoption of advanced technologies like mobility solutions. Some countries have also introduced regulations around data privacy and security which is boosting the demand for managed mobility services.
Economic: The growing GDP and workforce mobility are driving businesses to empower their mobile workforce. Organizations are increasingly investing in managed mobility services to improve workforce productivity and operational efficiency.
Social: Younger workforce prefers flexibility and expects organizations to provide BYOD options. This is increasing the uptake of mobility solutions to meet evolving employee needs and preferences. Also, remote working has become more acceptable which is further propelling the demand.
Technological: Emerging technologies like AI, analytics, IoT are enabling new capabilities in managed mobility services. Advances in areas like endpoint security, device management and application delivery are also expanding implementation across industries.
Key Takeaways
The global Managed Mobility Services market is expected to witness high growth over the forecast period. North America currently dominates the market due to high technology adoption. Growing BYOD trend and advancement in IoT are driving growth in the region. 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.
Regional analysis
North America is projected to witness the fastest growth during 2023-2030. U.S. and Canada are front runners in embracing digital transformation initiatives and advanced technologies. By 2025, over 60% of the workforce is expected to work remotely at least 3-4 days a week in the U.S., driving the adoption of mobility solutions.
Key players
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 players are focusing on strategic collaborations and new service launches to consolidate their market position.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it