Europe Enterprise Mobility Management Market size surpassed USD 1 billion in 2019 and is estimated to witness over 17% CAGR between 2020 and 2026.
The European enterprise mobility management industry growth is attributed to the increasing modernization across enterprises. As per the GSMA Intelligence’s Mobile Economy 2020 report, in 2019, the region witnessed a 76% smartphone adoption rate, ranking second in the world. The number of individuals working remotely from home in countries including France, Germany, and the UK is relatively high. This is driving enterprises to adopt advanced enterprise mobility management solutions.
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The enterprise mobility services segment is expected to gather considerable gains of over18% during the forecast period driven by the increasing emphasis on in-house workforce for management of endpoint devices at workplace. The enterprise mobility managed services help organizations to effectively manage endpoint devices by delivering connectivity, visibility, security, and integration of application and company data at a predictable pricing.
The laptop segment accounted for around 20% of the Europe market share in 2019. The use of laptops in remote work environment has witnessed exponential growth in the past decade. Laptops provide flexibility to employees to work on-the-go and feature extreme computing capabilities. The enterprise mobility management solutions help companies to monitor employee productivity by using software installed on employee’s laptop.
The cloud-based enterprise mobility management segment is anticipated to expand at a CAGR of18% till 2026. The demand for cloud-based enterprise mobility solutions is growing across organizations due to increasing popularity of SaaS-based solutions. The cloud-based enterprise mobility solution helps companies to monitor and manage these remote devices and utilize network resources to focus on business productivity.
The adoption of enterprise mobility solution across the European retail sector is rising significantly and is set to observe a16% growth rate through 2026. Well-established retail enterprises are adopting enterprise mobility solutions for securing retail data, POS devices, and endpoints. Enterprise mobility solutions allow retailers to monitor and manage the retail network. This helps companies to eliminate the need for additional security solutions.
The UK enterprise mobility management market held nearly 20% revenue share in 2019. The increasing adoption of unified endpoint management software and the demand for mobile device management software are fueling the market growth. For instance, in January 2020, Sophos launched the Intercept X for Mobile with improved threat protection capabilities.
The companies operating in the industry are emphasizing on the development of innovative enterprise mobility solutions. Enterprise mobility vendors are continuously identifying enterprise requirements and developing enterprise mobility solutions as per the business environment. This is expected to support the enterprises’ demand for enterprise mobility solutions to safeguard their IT infrastructure.
Some of the leading companies operating in the Europe enterprise mobility management market include Accenture Plc, BlackBerry Ltd., Capgemini SE, Cisco Systems, Inc., Citrix Systems, Inc., Google LLC, Honeywell International, Inc., Hewlett Packard Enterprise Company (HPE), IBM Corporation, Microsoft Corporation, Oracle Corporation, and VMware, Inc.