Enterprise mobility market to develop at CAGR of 20.5% during 2021-2031

Deployment of enterprise mobile solutions and management services has grown steadily in numerous industries to help improve the productivity of employees using mobile devices in remote working options. Need for securing corporate data present in mobile devices in the backdrop of growing use of cloud to access these data is expanding lucrative avenues in the enterprise mobility market. The global valuation of the enterprise mobility market is projected to surpass US$ 22.79 Bn by 2031.

Mobile devices are increasingly being used by employees in companies across several industries notably education, retail, BFSI, transportation, and government, observed a recent study by TMR on the enterprise mobility market. After the outbreak of COVID-19 pandemic, enterprise mobility management began gathering immense traction among IT administration to maintain the security of mobile devices in remote working environment. The trend offered a robust push toward commercialization of various products and services in the enterprise mobility market.

Enterprise mobility applications and management solutions offers IT admins various support solutions to the employees such as remote device troubleshooting. Growing access to digital assets mainly on the back of penetration of IoT in business processes is catalysing profitable avenues in the enterprise mobility market.

Key findings:

• Rapid Penetration of Mobile Devices in Several Industry Verticals Underpins Massive Opportunities: The need for ensuring robust corporate data security on a mobile device has spurred the popularity of various solutions in the market, specifically the use of mobile identity management. Smartphones and mobile devices have made rapid inroads in numerous industries such as the BFSI, transport, retail, and education. Governments and businesses in the BFSI sector have made widespread adoption of enterprise mobility solutions. Rise in demand for these for support and control of operations remotely is expanding lucrative avenue in the enterprise mobility market.
• Cloud-based Solutions Gathering Traction: The past few years have witnessed substantial growth of deployment of cloud-based solutions, thus generating vast revenue possibilities in the enterprise mobility market. The preference for cloud-based enterprise mobility solutions is underpinned by the benefits of scalability, affordability, and agility. In addition, these solutions are viewed to be cost-effective. Of note, cloud-based deployment of enterprise mobility management (EMM) has increased substantially in recent years.
• Rise in Adoption of IoT Expanding Horizon: Expanding IoT framework in enterprises has opened up new frontiers in the enterprise mobility market. IoT technologies have enhanced the benefits that enterprise mobility offers to end users.

CT Bureau