Enterprise Mobility Market - Forecasts from 2024 to 2029

The enterprise mobility market was valued at US$35.58 billion in 2022 and is expected to grow at a CAGR of 25.29% over the forecast period to reach a total market size of US$182.322 billion by 2029.

Enterprise Mobility encompasses a collection of individuals, procedures, and technologies dedicated to overseeing mobile devices, mobile computing solutions, and other business-related matters. A robust enterprise mobility management (EMM) solution integrates essential capabilities for mobile deployments, including application and content-level management, all within a unified platform.

With the proliferation of flexible policies among businesses, EMM is becoming increasingly essential to mitigate the risks associated with granting personal devices access to company data. The surge in remote and hybrid work setups necessitates solutions that can effectively manage and safeguard devices utilized beyond the conventional office setting.

As younger generations enter the workforce, their inherent familiarity with mobile technologies is prompting organizations to embrace mobile-friendly solutions. Furthermore, technological advancements such as faster 5G networks are enabling real-time data transfer, thereby facilitating the development of advanced mobile applications and remote collaboration.

Cloud computing is offering scalability, flexibility, and cost-effectiveness to enterprise mobility solutions, while emerging technologies like Artificial Intelligence (AI) and the Internet of Things (IoT) are being seamlessly integrated into mobile platforms, introducing novel functionalities and insights.

Market Drivers:

Changing technology is driving the growth of the market:

The increase in data and mobile devices in organizations, as well as the increase in cloud and mobile applications in various industries, are all contributing significantly to the growth of the global enterprise mobility market. Furthermore, the rise of the BYOD trend in businesses has a favorable influence on market growth.  A spike in business adoption of cloud-based technologies is expected to have a significant influence on the growth of the enterprise mobility market.

The increased prevalence of cyberattacks on personal devices and company data:

With the rising deployment of mobile devices in office settings, there is a corresponding increase in phishing attempts targeting these devices, underscoring the need for staff training on fundamental mobile security practices.

Consequently, the growing prevalence of mobile workforces and the implementation of Bring Your Own Device (BYOD) programs within companies, aimed at enhancing workforce efficiency by enabling employees to work from anywhere, anytime, and using any device to access company data without compromising security, have propelled market growth.

The market expansion is further fueled by stringent data privacy regulations such as GDPR and CCPA, which mandate robust data security and compliance measures within mobile deployments. Enterprises seek comprehensive solutions that encompass device security, application security, network security, and user access control to effectively mitigate security risks.

Market Restraint:

The inability to customize the solution according to end-user experience:

There is a lack of customization capabilities when it comes to EMM software vendors. Many businesses claim that EMM systems are incapable of addressing flexibility and agility issues with multi-user connections. Business organizations have different security needs when it comes to mobile devices that connect to their corporate networks.

Integrating EMM into an organization's existing security, management, and workflow controls and workflows is also difficult for vendors. IT administrators may improve both security and productivity by employing a competent EMM solution, which allows them to operate and monitor systems from a single place.

Each company has a unique set of business needs, so it is difficult to gain an accurate understanding of what they require. To maintain an optimized user experience, EMM solutions should be implemented based on the requirements of each company.

Enterprise mobility market segmentation by solution into hardware, software, and services

The segmentation of the enterprise mobility market by solution includes hardware, software, and services. Hardware encompasses various mobile devices such as smartphones, tablets, laptops, rugged devices, and other equipment utilized for enterprise mobility applications.

The software comprises Mobile Device Management (MDM), Mobile Application Management (MAM), Enterprise Mobility Application Development (EMAD), mobile security solutions, enterprise collaboration tools, and mobile analytics software.

Services consist of consulting, implementation, integration, training, support, managed services, security audits, and application development.

North America is anticipated to hold a significant share of the Enterprise mobility market.

North America region has a significant vendor presence such as IBM Corporation, Microsoft Corporation, Citrix Systems Inc., and AirWatch, which supports the market’s growth. Due to fierce competition in the North American region, these companies are aiming for higher revenues and business expansions. Organizations in North America put a priority on innovation to keep up with recent technological developments.

Market Developments:

• January 2024 - 42Gears, a prominent Enterprise Mobility Management solution provider, unveiled SureMDM - InLocate. SureMDM InLocate introduced an innovative indoor location tracking feature aimed at simplifying asset management and tackling the prevalent issue of locating misplaced rugged mobile devices within facilities. This solution enabled businesses to recover lost productivity, revenue, and security.
• December 2023- Honeywell and Enterprise Mobility Management (EMM) provider SOTI achieved a significant milestone by remotely managing over one million devices worldwide. The collaboration between Honeywell's mobile computers and SOTI's mobility management solutions enabled businesses to surpass traditional hardware lifecycles through remote monitoring, diagnosis, and repair.

Market Segmentation:

By Solution

• Hardware
• Software
• Services

By End User

• Telecommunication & IT
• Retail
• Manufacturing
• Oil & Gas
• Education
• BFSI
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• France
• Germany
• Italy
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• Japan
• China
• India
• Thailand
• Taiwan
• Indonesia
• Others