The global Managed Mobility Services Market is estimated to be valued at US$ 5461.59 Mn or Bn 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 Overview:
Managed mobility services help companies manage their mobile devices, wireless networks, and associated security policies. It provides device and application management, telecom expense management, and employee productivity. The services include procurement, deployment, repair, asset tracking, and remote trouble shooting.
Market key trends:
One of the major trends in the managed mobility services market is the rise of Bring Your Own Device (BYOD) culture in organizations. Growing smartphone penetration and flexible work models have promoted BYOD practices among enterprises. However, it poses significant security and management challenges for IT departments. Managed mobility service providers help businesses address these challenges through device management, application management, data security and loss prevention, thereby propelling the market growth.
Managed mobility services market is witnessing high growth trend owing to the rising adoption of mobility solutions across various industry verticals such as BFSI, IT & telecom, healthcare and government. Factors such as increasing number of connected devices, growing BYOD trend, remote workforce management needs and use of cloud-based solutions are driving many organizations to utilize managed mobility services. These services help businesses in managing mobility expenses, ensure security and compliance of mobile devices while also improving productivity.
SWOT Analysis:
Strengths: Provides centralized management and governance of diverse mobile devices and applications. Helps optimize mobile costs while improving productivity.
Weaknesses: Requires high upfront investment. Vendor lock-in issues.
Opportunities: Emerging technologies such as IoT and 5G adoption is opening new opportunities. Growing need for mobility management as workforce becomes more distributed.
Threats: Security threats from increased number of connected devices. Competition from in-house IT teams managed solutions.
Key Takeaways:
Global Managed Mobility Services Market Size is expected to witness high growth, exhibiting CAGR of 25% over the forecast period, due to increasing adoption of BYOD trends and remote working policies across various organizations. The North America region is expected to dominate the market during the forecast period, owing to heavy investments in digital transformation by enterprises in the region.
The global Managed Mobility Services market size for 2023 is US$ 5461.59 Mn. Managed mobility services help businesses optimize cost while ensuring security of mobile devices. Key players operating in the managed mobility services market are AT&T Inc., Fujitsu Ltd., Kyndryl (IBM Corporation), Wipro Ltd, Orange SA, Telefónica SA, Samsung Electronics Co. Ltd, Hewlett-Packard, Vodafone Group PLC, Microsoft Corporation, and Tech Mahindra.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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