Technavio has added released a new market research report on the global MDM market, which is expected to grow at a CAGR of 8% between 2016 and 2020. The increase in demand for handled devices used from enterprises and individuals is expected to foster the demand for MDM solutions. Rise in demand for virtualization applications and cloud technology is also boosting the usage of MDM solutions. North America dominates the global MDM market, accounting for 36% of the total market share. The augmented need for mobile communication security is predicted to drive the market for MDM software in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late the market is witnessing increased adoption of cloud-based computing solutions. Enterprises are opting for MDM applications in their business to reduce their capital investment and operational expenditure. The cloud-based business solution providers are customizing various applications and services to be supported on mobile and other handheld devices. These applications are being designed to execute on the server-end and display the results on end-user devices,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research.
The increase in the number of platforms is one of the key drivers for the growth of this market. Since different smartphones work on different platforms, implementing a system with standard functionalities and security has become a necessity. This growing need for a synchronization solution is expected to augment the demand for MDM solutions as it aids in the synchronization of the registered device.
The leading vendors in the global MDM market include AirWatch, Citrix, Good Technology, and MobileIron. Since the market is highly fragmented, it creates many opportunities for mergers and acquisitions. The vendors that have the capacity to provide rich customer experience and an improved supply chain operations for faster and efficient business operations are expected to gain a competitive edge over their rivals.
A more detailed analysis is available in the Technavio report, Global MDM Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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