Mobile Device Management Market Growing at a CAGR 29.8% | Key Player Google, Citrix, Blackberry, Microsoft, Cisco

Mobile Device Management Market by Component (Solutions (Device management, Application Management, Security management) and Services), Deployment Mode, Organization Size, Operating system Vertical and Region – Global Forecast to 2026

MarketsandMarkets forecasts the global Mobile Device Management (MDM) market size to grow from USD 4.3 billion in 2020 to USD 15.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 29.6% during the forecast period. MDM is a software solution used by enterprises to manage, monitor, and secure mobile devices, such as smartphones, laptops, and tablets, across all mobile platforms in an organization. MDM is also used to optimize the security and functionality of connected devices in enterprises, while simultaneously protecting the organization’s networks.

The services to record a higher growth rate during the forecast period

In the mobile device management market by component, the services is expected to record a higher growth rate during the forecast period. Services play an important role in managing mobile devices within an enterprise environment. A majority of MDM vendors offer support services to enterprises for driving more business revenue. They offer two major types of services: professional services and managed services. Professional services have been further categorized into three types: consulting services, implementation services, and support services. The services market holds a substantial share of the total mobile device management market and is expected to grow at a high rate.

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Large Enterprises are expected to hold a larger market share during the forecast period

By Organisation size, large enterprises are expected to hold the largest market size Large enterprises hold a larger market size in the…