Mobile device management market expected to generate $18.97 bn by 2027

As per the deep research carried out by Verified Market Research, the global Mobile Device Management Market size was valued at USD 3.37 billion in 2019 and is projected to reach USD 18.97 billion by 2027, growing at a CAGR of 26.01% from 2020 to 2027.

Global Mobile Device Management Market Overview
Mobile device management services deal with the administration of several mobile devices such as smartphones, cellphones, tablets, and laptops. Such services are aimed at assisting the vendors of such mobile devices. These third-party services provide management services to the vendors of mobile devices. Such services include features such as on-device applications and configurations, backend infrastructure, and corporate policies.

During the forecast period, the rapid growth of the mobile workforce globally is expected to drive the market for mobile device management services. The rapidly growing bring-your-own-device or BYOD trend is expected to increase the demand for mobile devices such as smartphones, tablets, and laptops. The growing awareness of data protection and personal privacy is expected to boost the global market even further during the forecast period.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Mobile Device Management Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

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