Enterprise Mobility Market: Overview
The size of the global enterprise mobility market was estimated at USD 20,829.3 million in 2021, and it is anticipated to increase at a CAGR of 28.5%. The expanding mobile workforce and enterprise adoption of Bring Your Own Device (BYOD) programs to boost worker productivity by allowing workers to work from anywhere, at any time, and access business data on the fly has increased demand for workplace mobility solutions. Mobile working allows employees to contribute an additional 240 hours of work each year to the company. The high level of comfort and flexibility of work conducted by small and medium-sized organizations (SMEs) has resulted in greater acceptance of BYOD and enterprise mobility and increased security concerns, resulting in the higher market growth of the Enterprise Mobility Market.
The market for workplace mobility is expanding due to the rising demand for smartphones. By 2022, there will be 6.648 billion smartphone users worldwide, or 83.37% of the world's population, according to the United Nations. Enterprise mobility increases employee productivity since it allows staff to work in convenient locations outside of the office. Unified communications among employees and a rise in collaboration are major market drivers. By safeguarding data, apps, and devices and streamlining mobile strategy, enterprise mobility has persuaded firms to adopt trends like bring your own device (BYOD), decreasing costs and increasing productivity.
With the rapidly expanding industrial economies in Asia-Pacific, the Middle East & Africa, and Latin America, the company that works in the BYOD and enterprise mobility industry has an extremely high possibility there. With the region's expanding cloud-based application market, North America and Western Europe also present a sizable opportunity for the BYOD and business mobility markets. One of the most prominent cloud "customers" is the US Government. 48% of state and federal agencies make use of numerous cloud-based services. Thus boosting the use of BYOD in the region, which in turn is driving the growth of the market.
Enterprise Mobility Market: COVID-19 Impact
Employers are required to offer their employees remote access choices so they can operate outside the company infrastructure in reaction to the broad propagation of COVID-19. To stop viruses from spreading throughout the office, offering staff the option to work from home is a wise move. To maintain business continuity during this pandemic crisis, many firms have also adopted a BYOD policy that permits employees to use their own devices for work. With a remote workforce, businesses can ensure that workers have the resources they need to be productive from home and can access corporate resources. These elements influence the adoption of EMM systems by major businesses.
Additionally, these solutions include remote security and management features that support BYOD and corporate device management. Countries have developed innovative mobile solutions with security mechanisms to stop the COVID-19 virus from spreading. For instance, Oman has introduced Tarassud Plus, a robust protected system that includes an AI-powered mobile application with improved capabilities to help locate COVID-19 statistics, guidelines, and the best practices to stop the virus from spreading.
Enterprise Mobility Market: Drivers
Rise in Work-From-Home Culture Spurs Adoption Of EMM Solutions
More businesses are implementing remote work methods due to the COVID-19 pandemic. Given the COVID-19 pandemic's effects on the remote working trend, mobility is becoming increasingly important in today's workforce. EMM solutions are becoming more popular because they allow businesses to remotely manage, update, and even delete data off devices. MDM and remote workforces are more crucial than ever in the pandemic reality of 2020. According to the latest figures, 557 million people, or 17.4% of the world's workforce, worked from home during the second quarter of 2020. Therefore, one of the largest threats to a company's cybersecurity posture today is unmanaged remote endpoints. Nowadays, having EMM and the ability to identify and patch vulnerabilities on remote endpoints is more important than convenience.
Increasing Incidence of Cyberattacks on Personal Devices and Business-Critical Data Promotes Adoption of EMM Solutions
Enterprise mobile phishing attacks have grown over time. 83% of businesses said they were victims of phishing attacks in 2021. Six billion more attacks are anticipated to occur in 2022. According to a cybersecurity survey, phishing attacks were effective in 74 percent of American-based businesses in 2020. The US has experienced some of the worst of it. Employees must be trained on correct mobile security protocols as more mobile devices are used in the workplace, and phishing attempts targeting those devices increase in frequency. To guarantee that security is effective, qualified cybersecurity experts who can work with developers are required. All data should be encrypted with a cryptographic hash for new businesses. The system would check each file's digital signature to assure data integrity. Adopting an AI-powered authentication system is another item to think about. It will modify an employee's access privileges based on the network and location.
Enterprise Mobility Market: Restraints
Different Businesses Require Different EMM Solutions, which is Likely to Hamper Market’s Growth
EMM solution vendors cannot tailor the solution to meet specific business requirements. Enterprises frequently complain about the EMM solution's failure to address flexibility and agility with multi-user connections. Each business has different security standards for mobile devices connecting to the corporate network. Vendors face various challenges when integrating EMM into an organization's security and management controls and procedures. The correct EMM solution, on the other hand, can improve both security and efficiency by allowing an IT administrator to operate and monitor systems from a single point of access. Every firm has unique business needs, and acquiring an accurate understanding of what a company wants is quite difficult. Since each company's needs are unique, EMM solutions should also be implemented. This ensures a consistent end-user experience.
Enterprise Mobility Market: Segment Overview
Cloud Mode to Dominate Market due to its Flexibility of Operation
The cloud is predicted to grow faster in the deployment segment throughout the forecast period. The Software-as-a-Service (SaaS) concept is used in cloud-based solutions, and customers can access EMM solutions digitally via the internet. EMM solutions are offered via the cloud in this deployment style. Cloud-based EMM systems provide flexibility, scalability, affordability, operational efficiency, and reduced costs. However, cloud-deployed EMM solutions have drawbacks, such as a lack of application control, tight government laws, and private content. With the linked functionality and fundamental features, the general adoption of cloud-based EMM solutions is expected to increase and increase during the projection period.
With Growing Trend of Digital Banking, BFSI to Acquire Largest Market Share
The BFSI vertical is expected to drive market revenue to new heights as the industry encourages employees to use BYOD, which has boosted the usage of EMM solutions. Several BFSI organizations are increasingly focusing on enhancing workplace mobility to promote productivity and employee happiness. ABANCA, one of the largest banks in Galicia (Spain), provides a versatile, scalable platform for its IT employees to control COPE devices. Furthermore, the industry is undergoing a digital transition, increasing demand for mobile apps and other mobility solutions. As a result, it is facilitating the expansion of the enterprise mobility services industry. The BFSI industry, on the other hand, benefits from the fact that it is one of the most regulated businesses, making it an early user of new technology such as corporate mobility.
Enterprise Mobility Market: Regional Landscape
North America to Acquire Major Market Share due to Rapid Digitization of Various Sectors
North America is anticipated to hold the greatest market share and dominate the EMM industry. Many EMM vendors, including IBM, Microsoft, ManageEngine, and Citrix, are based in North America and provide EMM products and services. With the intense rivalry throughout the North American region, many businesses want to increase revenues and expand their businesses. In response, market participants in business mobility management are introducing new products. For instance, IBM Corporation introduced Watson Works in 2020 to assist businesses in overcoming the difficulty of employees returning to their jobs. North American businesses prioritize innovation to stay abreast of emerging technologies.
In this region, verticals like BFSI, retail, healthcare, and life sciences adopt EMM solutions because of various advantages, including improved supply chain management, improved ability of healthcare equipment to track patient health, and efficient management of day-to-day transactions in the BFSI vertical. By August 2020, 55% of Canadians had used a digital health service to have a doctor's prescription emailed to their pharmacy without receiving a paper copy. Another 49% had used phone consultations with their doctor. Therefore growing digitization of healthcare and other sectors, the demand for products is anticipated to grow in the coming years.
Global Enterprise Mobility Market: Competitive Landscape
In July 2020, Blackberry Limited introduced the BlackBerry Spark Suite, which includes the BlackBerry Spark UEM Suite, BlackBerry Spark Suite, BlackBerry Spark UES Suite, and BlackBerry Spark UEM Express Suite. The new suites boost user productivity and provide layered security defenses, all while simplifying purchasing decisions for enterprise customers undertaking digital transformation and migrating to remote work. In May 2020, Citrix Systems Inc. and Microsoft Corporation forged a relationship in which Citrix Systems Inc. chose Microsoft Corporation's Azure to enable people to work from anywhere, on any device, while Microsoft Corporation chose Citrix Systems Inc.'s digital workplace solution.
Some of the Enterprise Mobility Market players include Amtel Inc, Blackberry Limited, Citrix Systems Inc, IBM Corporation, Infosys Ltd, Microsoft Corporation, Sap Se, Sophos Ltd, Soti Inc, and Vmware Inc.
Regional Classification of the Global Enterprise Mobility Market is Described Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability
Key Elements Included In The Study: Global Enterprise Mobility Market
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