The Global Managed Mobility Services Market Growth Accelerated By The Rise Of Remote Working
Managed mobility services help organizations securely manage and support employee-owned or company-owned devices such as smartphones, tablets, and laptops that are routinely used outside the traditional office environment. They provide various value-added services such as asset tracking, data security, tech support, and software/application management. The increased adoption of the remote working model during the COVID-19 pandemic has accelerated the demand for managed mobility services from various industries in order to centralize device management and enable seamless connectivity for mobile workforces.
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 25% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rise of remote working has been one of the major trends driving the growth of the managed mobility services market over the past few years. With more employees requiring access to centralized networks, applications, and data from anywhere, organizations have relied increasingly on managed services providers to deploy and administer mobility solutions that allow secure connectivity from personal devices. Managed mobility service providers help in establishing and enforcing the necessary security protocols, access controls, and software policies on user-owned devices connected to the companies' networks. This centralized management of distributed mobile workforces through virtual private networks, encryption, and other solutions has simplified operations for both employers and employees amid the dynamic shift to hybrid work models.
Segment Analysis
The global Managed Mobility Services market is dominated by the Enterprise Mobility Management (EMM) sub-segment. EMM enables organizations to securely manage and deliver apps, content, and services to employees’ mobile devices. It allows the IT department to implement policies and ensure compliance with regulations. This has increased its demand among large enterprises handling sensitive data.
Key Takeaways
The Global Managed Mobility Services Market Demand is expected to witness high growth over the forecast period.
Regional analysis
North America held the largest share of the market in 2023 due to high smartphone penetration, presence of key players, and strong demand across various industries. However, Asia Pacific is expected to grow at the fastest pace during the forecast period owing to the growing adoption of BYOD policies, mobile technologies, and rapid expansion of the IT sector in countries such as China and India.
Key players
Key players operating in the Managed Mobility Services market are AT&T Inc., Fujitsu Ltd., Kyndryl (IBM Corporation), Wipro Ltd, Orange SA, TelefÃ3nica SA, Samsung Electronics Co. Ltd, Hewlett-Packard, Vodafone Group PLC, Microsoft Corporation, Tech Mahindra. AT&T Inc. and Telefónica S.A. are the leading market players owing to their strong geographical presence and wide service portfolio for different industry verticals.
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