Global Managed Mobility Services Market is valued at USD 17.64 Billion in 2021 and expected to reach USD 132.9 Billion by 2028 with a CAGR of 33.4% over the forecast period.
Global Managed Mobility Services Market: Global Size, Trends, Competitive, And Historical& Forecast Analysis, 2022-2028: Penetration of BYOD, increasing adoption of mobile devices, along with the surging demand for integrated MMS solutions and hybrid cloud-based MMS solutions are some of the major factors driving the growth of the Global Managed Mobility Services Market.
Managed mobility services (MMS) are information technology (IT) and process management services that comprise sourcing and logistics, device and system, application and collaboration, security and content, along with programme and financial management. Third-party vendors provide these services for procuring, providing, and servicing smartphones, tablets, laptops, and other devices with built-in cellular or wireless connection. They are primarily concerned with connecting the remote workers to servers, databases, and other employees. MMS is currently used extensively in the telecommunications, retail, industrial, and banking, financial services, and insurance (BFSI) industries throughout the world. Managed Mobility Services (MMS) provides a comprehensive end-to-end approach for transforming a company into a mobility-enabled corporation. The MMS assists in the following processes including device procurement, device deployment by configuring the appropriate set of business apps, tools, and content, management of these devices as well as the software, apps, and data stored on them, and virtually bridging the connection between remote workforce and the enterprise. Mobile application and device deployment, procurement, and administration, as well as ancillary services that connect employees working outside the office to the workplace environment. Application administration, device provisioning and ordering, expenditure management, and other significant solutions are supplied by managed mobility service providers. Furthermore, managed mobility services enable businesses to outsource the majority of the tasks connected with mobile devices.
The COVID-19 epidemic has had a positive influence on the worldwide Managed Mobility Services market's growth. The fast processing speed and portability of smartphones will drive demand for managed mobility services during the projected period. Because of the inflated income levels of workers and the greater convenience of remote working, firms embraced BYOD during the pandemic era . Furthermore, using unified communication technology for collaboration in a very safe atmosphere would bode well for the sector.
The global Managed Mobility Services market is segmented based on the function, deployment, organization size, end-use industries, and region & country level. Based on function, the global Managed Mobility Services market is segmented into mobile device management, mobile application management, mobile security, and others. By deployment, the market is segmented into on-premises and cloud based. By organization size, the global Managed Mobility Services market is segmented into small and medium-sized enterprises and large enterprises. By end-use industries, the global Managed Mobility Services market is segmented into IT and telecom, BFSI, healthcare, manufacturing, retail, education, and others.
The regions covered in the global Managed Mobility Services market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Managed Mobility Servicesis sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players profiled in the global Managed Mobility Services market report are
Yokogawa Launched OpreX Managed Service -Cloud Edition for unexpected shutdown
On December 9th, 2021; Yokogawa Electric Corporation introduced OpreX Managed Service -Cloud edition-, a service that enables remote monitoring and repair of OT/IT field assets via a Yokogawa cloud platform. Through displaying information on each device's performance, dependability, and security for the whole plant system, the solution helped avoid unplanned plant shutdowns.
Cisco Equips Service Provider Partners with New Managed Services Offering
On July 21st 2022; Cisco Systems, Inc. announced a new Webex Wholesale Route-to-Market (RTM) for service provider partners in order to meet the changing demands of small and medium-sized organisations (SMBs). The new sales strategy comprises a single commercial agreement with each partner, a self-service platform for service providers to supply Webex managed services, and the agility, scalability, and flexibility to establish their own co-branded products.
Unifi partnered with T-Mobile and Hyperion Partners for New Managed Mobility Program
On September 9th 2022; Unifi, North America's leading aviation services provider, selected T-Mobile and Hyperion Partners as its new partner for employee connectivity. This collaboration intended to lead the way in developing a forward-thinking Managed Mobility solution that would improve front-line employee satisfaction, attract and retain top talent, and boost qualified candidates.
The prevalence of the bring your own device module is one of the primary reasons driving the growth of the Managed Mobility Services market. If an enterprise adopts Managed Mobility Services, this BYOD combined with the growth of IoT will result in significant cost reductions per employee. According to Cisco, enterprises who use BYOD save around USD 350 per employee per year compared to companies that do not use the module. Businesses are increasingly implementing bring-your-own-device (BYOD) policies, which allow employees to connect to corporate networks and access work-related systems and potentially sensitive or secret data via personal cellphones, laptops, and tablets. As a result of the benefits of BYOD, the expansion of Mobile Device Management (MDM) has enabled the growth of mobile device administration, such as dealing with deploying, securing, monitoring, integrating, and managing those mobile devices in the workplace. It is seen as a viable technique of delivering applications on user-owned devices while also securing the corporate programmes and data on them. MDM also enables organisations to effectively enforce security policies by pushing software to controlled devices. MDM is meant to keep employees busy while also preventing them from breaching business regulations, which fuels the global need for managed mobility services.
Enterprises promote the utilization of mobile devices to provide business continuity, despite the fact that this increases corporate security concerns. As a result, organisations use Enterprise Mobile Systems (EMS) to allow workers to work from home while maintaining security and privacy. Despite the commercial benefits of EMS, employee acceptance of these solutions is relatively low. As a result, the rising use of mobile devices has resulted in the development of managed mobility services, which aid in the collection of real-time data, tracking the subtleties of pertinent information, and sending it across all devices. It aids in successful lead tracking and nurturing. Real-time data collection provides marketers with a tremendous chance to forecast demand and supply scenarios.
Furthermore, organisations are rapidly adopting hybrid cloud-based managed mobility services that merge IP and Analog to maximise current telecom infrastructure. Using cloud-based servers and communications systems decreases expenses significantly. Similar to BYOD, the reduced requirement to acquire on-site equipment or in-house servers decreases costs, which often runs on a per-seat cost or per-user licence model. Hybrid systems connect the organization's existing infrastructure to the most recent communication technologies. These systems are perfect for meeting the needs of contact centres, ISPs, ITSPs, and many other organisations, particularly those with significant call traffic. Some solutions additionally include expansion cards to fulfil the organizations' ever-changing demands. Businesses can use hybrid communication solutions to improve their communications framework by optimising their existing telecommunication infrastructure. Overall, more firms are choosing for hybrid cloud managed mobility solutions due to the ease of communication, improved connection, and cost-effectiveness, boosting worldwide demand for managed mobility services.
However, the market's development may be hampered by the expensive initial capital outlay and complicated MMS structure associated with Managed Mobility Services. Despite this, rising demand for mobility connectivity and technological improvement may open up new avenues for market expansion.
Owing to the acceptance of BYOD and remote work by enterprises, the North America region dominates the managed mobility services market and will continue to do so during the projection period. North America is expected to dominate the market in terms of revenue generation during the projected period, owing to increased cloud-based service usage and increasing prevalence of mobile devices across different end-uses. North America, on the other hand, is expected to be the fastest developing region in terms of greatest CAGR in the future years, owing to an increase in the number of enterprises outsourcing IT functions and increased R&D efforts by market competitors. Furthermore, Asia-Pacific will have the greatest CAGR throughout the projection period due to rising IT investment and acceptances of remote work by enterprises.
|2018 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 17.64 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 132.9 Billion
|Tables, Charts & Figures:
|Accenture PLC, AT&T Inc., Deutsche Telekom AG, Fujitsu Limited, HP Development Company L.P., International Business Machines Corporation, Orange S.A., Samsung Electronics Co. Ltd., Telefónica S.A., Unisys Corporation, Vodafone Idea Limited and Wipro Limited, and others.
|By function, By Deployment, By Organization Size, By End-Use Industries.
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa
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