December 11, 2019

Enterprise Mobility Market is forecast to reach USD 2804.44 billion by 2030

The Global Enterprise Mobility Market size is estimated to be USD 256.25 billion in 2019 and is predicted to reach USD 2804.44 billion by 2030 with a CAGR of 24.3% from 2020-2030. Enterprise Mobility is changing shift in business where employees can access the enterprise data outside the office premises with the help of cloud services on their devices such as smartphone, laptop, tablets and others. Enterprise mobility has wide applications such as salesforce automation, order booking, billing, supply chain, enterprise resource planning and others.

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Over the period of time there have been various developments taken place in the market in terms of technological advancements and constant evolving infrastructure coupled with increased adoption of cloud services. Furthermore, increase in bring your own device trends are also expected to enhance the market growth.

Other factors include constant development in the communication infrastructure and rapid developing infrastructure coupled with increased use of IoT services are also expected to fuel the growth of enterprise mobility. However, increase in data security concerns and lack of standard operating system is expected to limit the growth of enterprise mobility market. On the other hand, increase in mobile application management and identity access management is expected to create lucrative opportunities in the enterprise mobility market over the forecast period.

Market Segmentations and Scope of the Study:

The global enterprise mobility market share is analyzed on the basis of device, application, end user and geography. On the basis of device, the market is segmented into smartphone, laptop, and tablet. On the basis of application, the market is divided into solutions and services. Solution segment is further segmented into Device Management, Security Management, Application Management, and Others. Based on end user, the market is classified into IT &Telecommunication, BFSI, Government, Retail, Automotive, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to hold the major market share owing to the technological advancement taking place in the market coupled with IT infrastructure development on a large scale. Moreover, increase in bring your own device is aloes contributing the market growth in the near future.

Asia Pacific is expected to dominate the enterprise mobility market in terms of growth rate with substantial increase in market share. The other factors contribute the market growth include increase in automation, development in communication infrastructure and live updates with wide applications and increase used of cloud services coupled with IoT.

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The enterprise mobility market, which is highly competitive, consists of various market players. Some of the major market players include Symantec Corporation, Verizon Enterprise Solutions, Panasonic Corporation, SAP SE, Microsoft Corporation, Nokia Corporation, iPass, Inc., Meru Networks, Hewlett-Packard Development Company Ltd, IBM Corporation, Enterprise Mobile, Inc, Globo PLC, Cisco Systems, Inc, Citrix Systems, Inc, BlackBerry, Ltd, Cerner Corporation, AT&T, Inc, Avaya Inc, and Alcatel-Lucent S.A. among others.

In the recent past various developments taken place in the enterprise mobility and also expected to takes place in near future which enhance the market growth. For instance, in June 2019, BlackBerry Limited has announced five new features and capabilities for its BlackBerry Enterprise Mobility Suite. The goal of the new features is to securely connect both business and consumer applications to enable employees to instantly collaborate with peers and customers. It is in direct response to the advancements in mobile technology that have created a hyperconnected workforce where highly sensitive information and data are shared both inside and outside of organizational frameworks.