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North American Enterprise Mobility Management Market revenue to cross $3.5 Bn by 2026
Published Date: 2021-05-28
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North American Enterprise Mobility Management Market size is projected to surpass USD 3.5 billion by 2026, according to a latest forecast report by Graphical Research.
The market growth is attributed to the high rate of adoption of mobility solutions across multiple sectors such as BFSI, retail, manufacturing, and healthcare. Data breaches are the major factors behind the deployment of EMM solutions. Data breaches lead to an exponential rise in costs and loss of valuable customer information. According to the 2019 Data Breach Investigations Report (DBIR) released by Verizon, 88 % of all cyber incidents in the financial services and insurance sectors were done with financial motivation.
The Mobile Application Management (MAM) software demand in the enterprise mobility indusry is expected to increase exponentially over the forecast period. MAM refers to the workflow for security, governance, and distribution of mobile apps in the enterprise. The solution helps enterprises to secure and drive the adoption of critical apps that build and transform businesses. It offers government-grade mobile app security that protects access to sensitive information at the app level and universal app distribution options to get the apps deployed & adopted quickly.
The managed service segment is expected to grow exponentially at a CAGR of 19.1% CAGR over the forecast timeline. Managed workplace collaboration services are provided over the cloud infrastructure by software vendors. They eliminate the requirement for deploying additional software components and help in reducing operational expenditures. As the services are provided either as Software-as-a-Service (SaaS) or Platform-as-a-Service (PaaS), they reduce the responsibility to manage & maintain the operational efficiency. Due to increasing digitization, the demand for cloud-based enterprise mobility is expected to increase.
Demand for the laptops segment is expected to increase substantially over the forecast timeline. Growth is attributed to the increasing BYOD trends across multiple enterprises. This has led enterprises to spend large amounts of money to roll out more robust VPN solutions for users to be able to perform their jobs remotely.
Browse detailed statistical insights from the report, “North America Enterprise Mobility Market Size By Deployment Model (On-premise, Cloud), By Application (IT & Telecom, BFSI, Retail, Healthcare, Automotive, Manufacturing), By Component (Software [Mobile Device Management, Mobile Application Management, Mobile Security Management, Mobile Content Management], Service [Professional Service, Managed Service]), By Device (Smartphone, Tablets, Laptops), Research Report, Country Outlook (U.S., Canada), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 - 2026” along with the table of contents (ToC) @
The cloud deployment segment is estimated to hold above 65% share by 2026. It provides cost benefits by eliminating additional component integrations. In addition, it also provides flexibility and easy deployment capabilities compared to on-premise deployments followed by enhanced security and privacy of resources shared across a limited area.
The BFSI sector is anticipated to witness a steady growth during the forecast timeframe. Banking and financial institutions majorly focus on client engagement policies to drive their business. However, growing digitization has transformed these financial institutions and is encouraging the adoption of digital services. In this digital era, banks and financial institutions are required to digitally engage and deliver services to customers. This is driving the demand for collaboration software in the BFSI sector.
The Canada enterprise mobility management market is projected to grow exponentially over the forecast period attributed to the extensive adoption of UCC solutions by multiple industry verticals to facilitate communication among remote employees. Several regional companies are also focusing on collaborative technology developments.
Companies operating in the market are focusing on new product development and portfolio expansion activities. For instance, in October 2020, Blackberry launched AI-powered Mobile Threat Defense (MTD) solution. This solution protects remote workers from mobile malware and phishing attacks. Through this development, the company has secured a competitive position in the market.
The market for enterprise mobility management in North American research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026 for the following segments:
North America Market, By Component
- Mobile Device Management
- Mobile Application Management
- Mobile Security Management
- Mobile Content Management
- Professional Service
- Managed Service
North America Market, By Deployment
North America Market, By End-user
- IT & Telecom
The above information has been provided for the following countries:
- North America