The Future for Global Managed Mobility Services, whatever way you look at it, it’s going to be big!
Depending on what research you read, the fact is that the Global Managed Mobility Services market is set to grow substantially over the next 5 years.
Stratistics MRC predict that the market will grow from $3.6 billion in 2015 to $24 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 31%. Technological advancements and rising demand for Bring Your Own Device (BYOD) are some of the major factors driving the market growth. Implementation of mobility services in real life applications and increasing penetration of mobile devices and internet mobility will further fuel the market.
Marketintelreports predict that the BYOD and enterprise mobility market size is estimated to grow from USD 35.10 Billion in 2016 to USD 73.30 Billion by 2021, at a CAGR of 15.87%.
The Mobile Device Management software segment is expected to witness the highest CAGR during the forecast period owing to its applications of BYOD and increasing adoption of mobiles
Increased productivity and employee satisfaction, reduced hardware cost for enterprises, increased smartphone penetration, demand for enterprise mobility software in large enterprises with in-house IT departments and growing prominence of Managed Mobility Services are some of the driving forces of the BYOD and enterprise mobility market according to Marketintelreports.
According to Orbis research, mobility is aiding the functioning of the IoT environment by offering wider connectivity with the use of new technologies, turning information into actions that enable companies to remain competitive, develop new capabilities, and create rich mobile experiences.
The sheer pace of growth in mobile traffic has forced organisations across industries to create a unified mobile strategy. With the BYOD trend becoming more prevalent in enterprises, there has been an exponential increase in the proliferation of mobile devices.
A recent Gartner study covered by Informationweek stated that enterprise mobility has a lot of growing up to do before it truly reaches maturity. Enterprises in the US,UK and Australia formed part of the study. Gartner’s study revealed that the days of a desktop-driven business are clearly numbered. With 66 percent of employees in the survey using their own personal smartphone or tablet for work-related tasks, IT will no doubt be forced to evolve yet again.