Global Enterprise Mobility Market Report and Forecast 2024-2032

Global Enterprise Mobility Market Outlook

The global enterprise mobility market size was valued at USD 54.40 billion in 2023. The market is further projected to grow at a CAGR of 28.9% between 2024 and 2032, reaching a value of USD 534.38 billion by 2032.

Key Takeaways

Enterprise mobility is an emerging trend that offers remote working facilities to employees that enable employees to work from anywhere and at any time using a range of devices and applications such as smartphones, tablets, and laptops.

The enterprise mobility market is experiencing significant growth due to several factors, such as the increasing use of mobile devices in the workplace, rising demand for data security and compliance, the rise of remote work, and the necessity for secure access to business resources.

The enterprise mobility management market is driven by the increasing need for both small and medium-sized enterprises. In addition, the growing demand for effective management of everyday business transactions across a range of industry verticals, better supply chain management procedures, and increased mobility device tracking capabilities are also contributing to the enterprise mobility market expansion.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends and Developments

Adoption of cloud-based solutions, rise of 5G networks, and growing popularity of AI are propelling the market growth

Global Enterprise Mobility Market Trends

The enterprise mobility management tools are used to track employee's work and all company data, which can be stored using cloud storage technology. In addition, enterprise mobility management market share is rising as enterprise mobility offers data security, wherein the IT sector of the company can monitor and control all connected devices and manage security while mitigating any risks of data theft or leak.

Organisations, large and small, are increasingly deploying digital solutions in their business operations to strengthen their functionality while streamlining various processes and improving the overall productivity of the organisation. In addition, because of the COVID-19 pandemic, enterprises around the world adopted work from home strategies, which spearheaded the demand for enterprise mobility in global market across industry verticals.

At the same time, the growing digitalisation with increased penetration of IoT is expected to enhance the demand for enterprise mobility. Moreover, the growing emphasis on data security and management is driving organisations to invest in enterprise mobility technology to enhance their security features, which is predicted to positively impact the enterprise mobility market growth.

Furthermore, rapid technological advancements, such as the integration of artificial intelligence and machine learning technology, are also major factors increasing the enterprise mobility market value.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Segmentation

Global Enterprise Mobility Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Healthcare industry holds a significant market share due to high demand for remote consultations

Based on industry verticals, enterprise mobility services for healthcare industry is predicted to hold a significant market share. This growth can be attributed to the increased implementation of enterprise mobility software in the healthcare sector, which utilises big data analytics to consolidate various business processes and improve work efficiency. Moreover, enterprise mobility allows patients to get remote medical consultations, especially in the low economic regions. For instance, Teladoc Health, an American telemedicine and virtual healthcare company, recently collaborated with Microsoft to provide streamlined medical solutions to clinicians. Under this collaboration, Teladoc's platform for health systems will be integrated into Microsoft's Teams to provide patients with expeditious access to medical care digitally.

According to enterprise mobility market analysis, the IT and telecom sector also holds a prominent market share due to notable advancements in wireless infrastructure and IT modernisation. Moreover, cases of cyberattacks are on the rise due to the growing number of unsecured network connections. As a result, telecom and IT firms concentrate on deploying mobility solutions, which helps the market grow.

Over the forecast period, the retail industry may experience a surge in demand for enterprise mobility management solutions due to the proliferation of e-commerce companies and the notable increase in online shopping activities. Retailers are focusing on strengthening the digital security of their mobile retail devices, like POS terminals and kiosks, to safeguard sensitive company information and foster segment expansion. These factors can increase the enterprise mobility market size.

Cloud models aids in market expansion because it offers centralised data security across various industries

The cloud model is anticipated to lead the enterprise mobility market share in the forecast period due to its many advantages, including centralised data security and increased flexibility in various mobility operations, such as mobile device security, and mobile application management. Cloud deployment assists industries and end-users in removing the costs associated with specialised software and hardware. Furthermore, cloud-based enterprise mobility management systems can help with safe data storage as well as automated data backups. The system can therefore automatically resume operations and data is never compromised, even in the event of a user error.

The enterprise mobility report notes that the on-premise segment is expected to grow at a promising CAGR in the forecast period as this deployment model gives business owners complete control over the system, including security, upgrades, and maintenance. Moreover, advanced security features included in on-premises deployments help organisations comply with a variety of government regulations and grants organisations more control over sensitive data.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

Market players are acquiring businesses to expand their product offerings and to remain competitive.

Other key players in the global enterprise mobility market include Infosys Limited, SAP SE, SOPHOS LTD, Cloud Software Group, Inc., Cisco Systems, Inc., Broadcom Inc., and Microsoft Corporation, among others.

Global Enterprise Mobility Market Analysis by Region

North America is the dominating region due to the presence of leading enterprise mobility solution vendors

North America enterprise mobility market is witnessing significant growth owing to the presence of leading enterprise mobility solution vendors in the region. Furthermore, the increased adoption of enterprise mobility solutions in major industries such as retail, BFSI, and others to facilitate remote working and management of real-time data, is significantly driving market growth. Moreover, the increased investments in the development of enterprise mobility technology are also expected to positively impact enterprise mobility market growth in the coming years.

The Asia Pacific enterprise mobility market is anticipated to grow at a significant rate due to significant digitalisation and increasing mobile device penetration. Additionally, the regions' BYOD policies and growing SME population are driving up sales of enterprise mobility solutions. The governments of several nations, including Australia, South Korea, China, and India are digitising the region's infrastructure, which is anticipated to generate significant growth prospects for the enterprise mobility market during the forecast period.

The Europe enterprise mobility market is also experiencing substantial growth due to he adoption of unified endpoint management and enterprise mobility services by the retail sector. Furthermore, the region's high smartphone adoption rate, particularly in countries such as France, Germany, and the United Kingdom, has accelerated the adoption of enterprise mobility solutions.

Key Highlights of the Report