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Mobile Device Management (MDM) Market to Grow by USD 18.5 Billion from 2024-2028, Increased Enterprise Mobile Use Drives Growth, AI’s Impact on Market – Technavio Report

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NEW YORK, Aug. 28, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global mobile device management (MDM) market size is estimated to grow by USD 18.52 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 26.01% during the forecast period. Increasing use of mobile devices in enterprises is driving market growth, with a trend towards increasing demand for cloud-based solutions. However, availability of open-source mobile device management solutions poses a challenge. Key market players include Alphabet Inc., Broadcom Inc., Cisco Systems Inc., Cloud Software Group Inc., Dell Technologies Inc., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Ivanti Software Inc., JAMF HOLDING CORP., Matrix42 GmbH, Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., ProMobi Technologies Pvt. Ltd., Sophos Ltd., SOTI Inc., Verizon Communications Inc., VMware Inc., and Zoho Corp. Pvt. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Mobile Device Management (Mdm) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 26.01%

Market growth 2024-2028

USD 18528.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

21.57

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 50%

Key countries

China, US, Japan, Germany, and UK

Key companies profiled

Alphabet Inc., Broadcom Inc., Cisco Systems Inc., Cloud Software Group Inc., Dell Technologies Inc., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Ivanti Software Inc., JAMF HOLDING CORP., Matrix42 GmbH, Microsoft Corp., Nippon Telegraph and Telephone Corp., Oracle Corp., ProMobi Technologies Pvt. Ltd., Sophos Ltd., SOTI Inc., Verizon Communications Inc., VMware Inc., and Zoho Corp. Pvt. Ltd.

Market Driver

The global mobile device management (MDM) market is witnessing increased demand for cloud-based solutions due to the growing adoption of mobile devices in businesses, the need for enhanced security and data protection, and the flexibility and scalability offered by cloud-based MDM solutions. With the proliferation of mobile devices in the workplace, organizations face challenges in managing and securing these devices and ensuring data protection. Cloud-based MDM solutions provide a centralized platform for managing and securing various mobile devices, regardless of their location or operating system. Moreover, the increasing number of data breaches and cyber threats have made data security and privacy a top priority for businesses. Cloud-based MDM solutions offer advanced security features, such as encryption, remote lock and wipe, and data backup, to protect sensitive information on mobile devices. They also ensure compliance with security policies and protocols, reducing the risk of data breaches and unauthorized access. Furthermore, cloud-based MDM solutions offer scalability and flexibility, making them an attractive choice for businesses of all sizes. They enable organizations to quickly scale their mobile device management capabilities as their workforce expands or as new devices are added, eliminating the need for dedicated on-premises infrastructure and reducing upfront costs. Additionally, cloud-based MDM solutions can be easily integrated with other business systems, enabling seamless access and management of mobile devices across multiple platforms. In conclusion, the increasing need for effective mobile device management, advanced security features, and scalability and flexibility offered by cloud-based MDM solutions are expected to drive the growth of the global MDM market during the forecast period. 

The Mobile Device Management (MDM) market in IT and telecommunication is thriving, with an increasing number of businesses adopting MDM solutions to manage their smartphones, Chromebooks, and other mobile devices. International Data Corporation predicts a compound annual growth rate of 12% from 2021 to 2026. MDM providers like Mobile Guardian, Scalefusion, and BlackBerry offer user-friendly interfaces and automation, making it easier for IT administrators to implement policies for sensitive data security. MDM solutions are crucial for remote work environments, ensuring data breaches and reputational damage are minimized. Healthcare and transportation industries, subject to regulatory requirements like HIPAA, GDPR, and PCI DSS, heavily rely on MDM for data security. MDM solutions provide security features such as encryption, password protection, remote wipe, tracking, and management. Cloud-based deployment offers scalability and accessibility, while on-premise deployment ensures control. Implementation times and complexity require IT expertise. MDM solutions protect against data breaches and help maintain productivity. 

Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample!

Market Challenges

The global mobile device management (MDM) market growth may be impacted by the availability and adoption of open-source MDM solutions. These free software options, developed by organizations or communities, offer cost savings for businesses with limited IT budgets. Notable open-source MDM solutions include Flyve, One, ManageEngine, and Miradore. While open-source software provides flexibility for customization and easy integration with other platforms, it comes with challenges. Performance and compatibility issues can arise with new technologies and devices. Additionally, open-source solutions often have less documentation compared to commercial products, requiring enterprises to invest in expertise for customization, deployment, maintenance, and integration. These additional resources can incur additional costs, potentially hindering the growth of the global MDM market.Mobile Device Management (MDM) is essential for businesses to manage and secure their employees’ laptops, Android, and iOS devices. With the rise of remote work, ensuring data security is a significant challenge. MDM solutions help prevent data breaches and reputational damage through encryption, password protection, remote wipe, tracking, and management of policies. IT administrators face complexity and require IT expertise to implement and manage MDM systems. User-friendly interfaces and automation are crucial for productivity. Regulatory requirements such as HIPAA, GDPR, and PCI DSS demand robust MDM solutions with audit trails and compliance features. MDM solutions offer cloud-based and on-premise deployment options, ensuring scalability and accessibility. Large enterprises and SMEs benefit from advanced features like UEBA, SO, CMIS, FPS, and ML for enhanced security. Implementation times, security features, and cost are key considerations. MDM solutions must address the challenges of remote work, data breaches, and regulatory compliance to maintain business continuity and protect sensitive information.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This mobile device management (mdm) market report extensively covers market segmentation by 

End-user 1.1 Large enterprises1.2 SMEsDeployment 2.1 On premise2.2 Cloud basedGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Large enterprises- Large enterprises are turning to Mobile Device Management (MDM) solutions to manage and secure their growing number of mobile devices. With a large workforce and diverse fleet of devices, centralized control is essential. MDM solutions enable IT departments to manage both employee-owned and corporate-issued devices, ensuring compliance with corporate security policies. They offer features such as remote data wipe, device encryption, and secure containerization, essential for industries with strict regulatory requirements. MDM solutions also streamline app distribution and management, reducing downtime and improving productivity. With cross-platform compatibility, IT departments can manage a diverse range of devices from a single console. These advantages make MDM solutions a valuable investment for large enterprises seeking to enhance security, streamline operations, and maintain compliance.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Mobile Device Management (MDM) market is a significant segment of IT in the telecommunication industry, focusing on the management of smartphones, Chromebooks, and other mobile devices in various sectors. MDM solutions enable IT administrators to ensure data security, particularly for sensitive information in industries like healthcare and transportation. With the rise of remote work and the increasing use of cloud services, MDM becomes crucial for managing and securing devices and data. MDM solutions offer security features such as encryption, password protection, remote wipe, tracking, and management. Complexity and regulatory requirements demand user-friendly interfaces and automation to streamline implementation times. International Data Corporation reports that the MDM market will continue to grow, driven by the need for data security and regulatory compliance. MDM solutions help mitigate the risks of data breaches and ensure IT expertise is utilized effectively.

Market Research Overview

The Mobile Device Management (MDM) market is a critical segment of IT infrastructure in the telecommunication industry, focusing on managing and securing mobile devices such as smartphones, Chromebooks, and tablets in enterprise environments. MDM solutions enable IT administrators to implement policies, manage applications, and ensure data security for devices used for remote work. With the increasing use of cloud services, MDM solutions have become essential for managing sensitive data and complying with regulatory requirements like HIPAA, GDPR, and PCI DSS. MDM solutions offer security features such as encryption, password protection, remote wipe, tracking, and management of policies. They provide IT expertise and user-friendly interfaces to simplify implementation times and automate complex processes. MDM solutions are not only for large enterprises but also for SMEs, and they support various operating systems including Android, iOS, and Windows. The MDM market is evolving with advancements in technologies like UEBA, SO, CMIS, FPS, ML, and Cloud-based deployment. The market faces challenges such as data breaches, reputational damage, and the need for scalability and accessibility. MDM solutions offer productivity benefits and help organizations mitigate risks associated with the use of mobile devices in the enterprise.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userLarge EnterprisesSMEsDeploymentOn PremiseCloud BasedGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Live Good: A Journey of Courage, Education and Purpose

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Live Good is the realization of one individual’s inspiring vision to create something meaningful to share with the world.

IRVINE, Calif., Dec. 24, 2024 /PRNewswire/ — Founded on the principles of time, education and a sense of purpose, Live Good aspires to empower individuals through access to transformative learning opportunities.

“When I finally found the courage to create Live Good, I wanted it to embody the values and principles that I find meaningful,” said Jennifer Chi, founder of Live Good. “To me, the most precious resource in life is time. The time you spend can never be reclaimed. If I was going to spend all this time and energy on something, it had to be something I deeply believed in.”

The second cornerstone of Live Good is education. Drawing from personal experiences, Jennifer emphasizes education as a life-changing force. Books became vital growing up, opening windows to new perspectives and worlds. “My favorite book as a child was Little House on the Prairie by Laura Ingalls Wilder,” Jennifer shared. “It may have been a simple book about a girl living in the 1800s learning how to cook and do chores to help her family, but now I understand how incredible it was that a little girl living back then even knew how to read and write. She had the foresight to understand that writing about her life on the prairie, however simple it seemed, might be of some importance in the future. And she had the courage to publish her own words.”

Recognizing the transformative power of education and the impact of mentorship, Live Good prioritizes access to education as a central mission. “My love for reading and curiosity for learning became a lifeline,” Jennifer added. “I was blessed with teachers who saw potential in a very quiet and shy little girl. Live Good is my way of giving others the same opportunities that once gave me a little spark inside and a pathway forward.”

Through innovative programs and partnerships, Live Good aims to make education accessible and foster growth and resilience. It’s more than an initiative—it’s a testament to the belief that every moment spent on meaningful endeavors can ripple out to create a brighter future for others.

Live Good proudly aligns with educational models, such as Capstone Programs in the University of California (UC) school system. These programs serve as a bridge between academic learning and real-world application, embodying the mission of Live Good by fostering life-changing learning experiences.

Other educational initiatives focus on collaborating with Women in Information and Computer Sciences within the UC system to create programs that empower women through high-tech training. Additionally, Live Good offers a mentorship program for at-risk youth from schools spanning San Francisco to Southern California to foster college admission and equip students with the skills they need to realize their dreams.

For more information about Live Good Inc, and to sign up for their newsletter, visit Live Good Inc. Follow on Instagram, Facebook and Threads.

Contact:
Adrienne Johnson
***@gmail.com

Photos:
https://www.prlog.org/13053993

Press release distributed by PRLog

View original content:https://www.prnewswire.com/news-releases/live-good-a-journey-of-courage-education-and-purpose-302338750.html

SOURCE Live Good Inc.

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Town of Ault joins the Rocky Mountain E-Purchasing System

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The Town of Ault announced it has joined the Rocky Mountain E-Purchasing System and will be publishing and distributing upcoming bid opportunities on the system.

AULT, Colo., Dec. 24, 2024 /PRNewswire-PRWeb/ — The Town of Ault announced it has joined the Rocky Mountain E-Purchasing System and will be publishing and distributing upcoming bid opportunities on the system. Bidnet Direct by SOVRA’s Rocky Mountain E-Purchasing System connects over 450 participating agencies from across Colorado and Wyoming. The purchasing group provides a transparent bid process through which the bid is available to all vendors at the same time. The Town of Ault invites all potential vendors to register online at http://www.bidnetdirect.com/colorado/townofault.

“Registered vendors can access bids, related documents, addendum and award information.”

The Town of Ault joined the purchasing group in December 2024. The Town of Ault will utilize the system to streamline their purchasing process including bid distribution, bid management, and vendor relations. The Rocky Mountain E-Purchasing System is a single, online location for managing sourcing information and activities and provides 456 local government agencies the tools needed to have a transparent bid process while minimizing costs and saving time.

“The Rocky Mountain E-Purchasing System allows us to establish and maintain a system of transparency for not only the agency but the vendors who would like to do business with us. All the information we have regarding the bid, addenda, and awards, along with Q&A’s is available to all with just one click of the mouse. By fostering a more transparent environment, it allows for more public participation and collaboration and holds our agency accountable for all that we do during the bid process,” stated Sharon Sullivan, Town Administrator of the Town of Ault.

As a participating agency of the Rocky Mountain E-Purchasing System, it allows the Town of Ault to expand their vendor pool and enhance vendor competition without increasing distribution costs. To be added to the existing list of vendors on the Rocky Mountain E-Purchasing System, any suppliers looking to do business with the Town of Ault can register online: http://www.bidnetdirect.com/colorado/townofault. The Town of Ault encourages all interested bidders to register today.

Registered vendors can access open bids, related documents, and files, additional addendum, and available award information from all participating agencies. In addition, the Rocky Mountain E-Purchasing System offers a value-added service to notify vendors of new bids targeted to their business, including all addenda and advance notification of expiring term contracts.

With one click, the Town of Ault can now see how many vendors match a specific opportunity, how many have downloaded documents, responded and more. The Town of Ault also has its own, branded page on the public side of the Rocky Mountain E-Purchasing System in which taxpayers can view all closed bids and any awarded information.

Vendors may register on the Rocky Mountain E-Purchasing System: http://www.bidnetdirect.com/colorado/townofault. Bidnet Direct’s vendor support team is available to answer any questions regarding the registration process or the bid system at 800-835-4603 option 2.

Other local Colorado and Wyoming government agencies looking to switch from a manual bid process, please contact the Rocky Mountain E-Purchasing System for a demonstration of the no-cost sourcing solution.

About the Town of Ault:

Ault is a statutory town located in Weld County, Colorado, United States. The town population was 1,887 at the 2020 United States Census. Ault is a part of the Greeley, CO Metropolitan Statistical Area and the Front Range Urban Corridor.

About SOVRA:

SOVRA is a leading source-to-contract solution that connects regional purchasing groups, including the Rocky Mountain E-Purchasing System, across all 50 states, supporting local governments in streamlining their procurement processes. With a focus on transparency and efficiency, SOVRA empowers government agencies to enhance their purchasing activities. Learn more about how we help build stronger communities and economies by maximizing the value of every dollar spent. Visit https://sovra.com.

Media Contact

Bertrand Guignat, Bidnet Direct, 800-835-4603, bertrand.guignat@mdfcommerce.com, www.bidnetdirect.com

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SOURCE Bidnet Direct

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Technology

2025 Will See Increased QR Code Payments but Payment Card IC ASPs Will Not Return to Pre-Covid Levels

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ABI Research’s 5th annual Trend Report identifies the key Digital Payment Technologies trend that will come to fruition —and the 1 that won’t—in 2025

NEW YORK, Dec. 24, 2024 /PRNewswire/ — As 2025 kicks off, predictions abound on the technology innovations expected in the year ahead. In its new whitepaper, 101 Technology Trends That Will—and Won’t—Shape 2025, analysts from global technology intelligence firm ABI Research. ABI Research analysts identify 54 trends that will shape the technology market and 47 others that, although attracting vast amounts of speculation and commentary, are less likely to move the needle over the next twelve months. In the Digital Payment Technologies space, 2025 will see increased QR code payment acceptance but little growth for payment card IC ASPs.

“2024 has been marked by challenges, from global conflicts and inflationary pressures to political uncertainty. These factors have strained enterprise and consumer spending, leading to market inertia, short-term technology investments, sidelined capital, and the exposure of vulnerable suppliers,” says Stuart Carlaw, Chief Research Officer at ABI Research. “From a technology perspective, many industries and end markets are in that awkward stage of technology adoption where they are formulating implementation strategies, assessing solutions and partners, and trying to see if they have the resources needed to roll out solutions at scale. This is a particularly sensitive time, which tends to suggest 2025 will have tech implementers and end users on the brink of a period of a massive technology shift as they work through these issues.”

What Will Happen in 2025:

QR code payment acceptance will continue to increase with use cases expanding
Although QR code payment acceptance is prevalent in countries such as China and growing in emerging digital payment markets, including in India, use cases and potential growth areas are not limited to these countries. Significant and continued investments by vendors, including PayPal, Stripe, and SumUp, are setting the foundation for increased adoption in other mature and established economies with use cases expanding. Although QR codes are already being used by many Small and Medium Enterprises (SMEs) and pop-up retail businesses, 2025 will mark the year when the technology begins to shift from one niche to partial mainstream.

What Won’t Happen in 2025:

Payment card IC ASPs will not return to pre-COVID-19 levels
Since the COVID-19 pandemic, chipset pricing has been on a continual rise, driven by increased pricing in myriad manufacturing areas, including energy, raw material, transit pricing, and inflation, driving up wages. The chip shortage further compounded this, and according to ABI Research, the Average Selling Price (ASP) for a payment card Integrated Circuit (IC) increased by approximately +30% between 2020 and 2023. However, despite pricing pressures returning, the cost of payment ICs is some years away from matching pre-COVID-19 levels. Although 2025 will mark another year of pricing deprecation, it will not be until around 2028 when pricing is expected to drop to levels similar to those achieved in 2019 steadily.

For more trends that will and won’t happen in 2025, download the whitepaper, 101 Technology Trends That Will—and Won’t—Shape 2025.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info: 

Global                                                             
Deborah Petrara                                                           
Tel: +1.516.624.2558                                                   
pr@abiresearch.com     

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SOURCE ABI Research

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