The global managed mobility services market is expected to grow at 27% CAGR from 2021 to 2029. It is expected to reach above USD 106.47 billion by 2029 from USD 19.98 billion in 2022.
The IT and process management services required by a corporation to buy, deploy, and maintain smartphones, tablets, and ruggedized field force devices with integrated cellular and/or wireless connection are referred to as mobility managed services (MMS). Although the present market for such services is mostly centered on corporate-liable devices, MMS engagements also give businesses a measure of control over individual liable devices, or bring your own device, accessing corporate resources and information.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) |
| Segmentation | By Type, Deployment, Organization Size, End User, and region. |
| By Type |
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| By Deployment |
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| By Organization Size |
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| By End User |
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| By Region |
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The key driver of the worldwide managed mobility services industry is the increased adoption of BYOD (Bring-Your-Own-Device) practices across several sectors. Companies are embracing BYOD policies to increase productivity without endangering workplace security and privacy. Hence, as new types of carrier devices flood workplaces and increase the mobility ecosystem, the demand for professional MMS providers to handle the complexity of communication between enterprises grows.
MMS is in its early stages of development, which limits standardization and efficiency costs. Due to the intricacy of new technologies, businesses are hesitant to implement MMS technology. Due to the high cost of deployment, businesses are unaware of the benefits of implementing MMS. As a result, it is insufficient for cost management, and many small and medium-sized businesses avoid adopting managed mobile services due to the danger of data breaches.
The improved rate of cloud adoption in the post-COVID-19 situation has benefited the spread of digital transformation in many organizations, which is projected to boost MMS. On the other hand, demand for managed services has fallen dramatically in the electronic industry. As a cost-cutting measure, the end-use industry is not focused on new product development. The use of artificial intelligence (AI) is an expensive operation. During the epidemic, its applicability is confined to large-scale organizations.
Mostly in managed mobility services market, technological innovation is a crucial trend that is gaining pace. Businesses that provide managed mobility services are increasingly relying on advanced and novel technology solutions to manage services more efficiently and affordably. Companies are looking for options to outsource non-core jobs as their reliance on IT services for business operations grows. Because of the increasing reliance on mobile devices for day-to-day operations, corporate organizations are offering more applications and programs for employees.
The global managed mobility services market is expected to grow at 27% CAGR from 2021 to 2029. It is expected to reach above USD 106.47 billion by 2029 from USD 19.98 billion in 2022.
North America is a significant growth in the managed mobility services market. The higher cloud adoption rate in the United States as a result of the COVID-19 epidemic is likely to enhance enterprises' digital transformation, leading to an increase in the usage of managed mobility solutions. Furthermore, the country's transformation to digital operations is offering new development prospects for the managed mobility services market during the projection period. Cybersecurity is a serious worry that is spreading across the country. Additionally, the country's 5G penetration supports future demand for IoT devices.
Key market players covered by the managed mobility services market analysis are IBM Corporation, Wipro, Orange, AT&T Intellectual Property, Fujitsu, Deutsche Telekom AG, Hewlett Packard Enterprise Development LP, Telefonica S.A., Vodafone Group Plc., Microsoft Corp., Samsung Electronics Co. Ltd., Accenture.
Mostly in managed mobility services market, technological innovation is a crucial trend that is gaining pace. Businesses that provide managed mobility services are increasingly relying on advanced and novel technology solutions to manage services more efficiently and affordably. Companies are looking for options to outsource non-core jobs as their reliance on IT services for business operations grows. Because of the increasing reliance on mobile devices for day-to-day operations, corporate organizations are offering more applications and programs for employees.
The managed mobility services market is segmented into type, deployment, organization size, end user, region. These segments are further divided into type such as device management, application management, security management, maintenance & support; deployment such as cloud, and on-premise; organization size such as SMEs, large enterprises, end user such as IT & telecom, BFSI, healthcare, manufacturing, retail, education, and others.
The cloud sector accounted for most of the revenue. The improved rate of cloud adoption in the post-COVID-19 situation has benefited the spread of digital transformation in many organizations, which is projected to boost MMS usage and give more growth opportunities. Additionally, the increasing use of mobile platforms, IoT devices, and major cloud migration are driving market development. Additionally, as companies prioritize IT security, potential data breaches are expected to boost this segment's revenue growth.
The BFSI industry is undergoing a significant digital transition, which is posing difficulties such as cyber insecurity, regulatory mandates, cost reduction, and consumer intelligence, all of which necessitate powerful network functions that can manage such capabilities. APM (Application portfolio management) has evolved into a critical and successful technique for determining which apps to upgrade. It is all about developing application enhancement to meet changing business demands. Financial applications are applications that execute financial activities, such as online insurance applications and online banking portals, for which security is a top priority. Financial services businesses often take cybersecurity extremely seriously.
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The managed mobility services market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
North America is a significant growth in the managed mobility services market. The higher cloud adoption rate in the United States as a result of the COVID-19 epidemic is likely to enhance enterprises' digital transformation, leading to an increase in the usage of managed mobility solutions. Furthermore, the country's transformation to digital operations is offering new development prospects for the managed mobility services market during the projection period. Cybersecurity is a serious worry that is spreading across the country. Additionally, the country's 5G penetration supports future demand for IoT devices.
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