The global Enterprise Mobility Market is predicted to develop at a steady Compound Annual expansion Rate (CAGR) of 16.5% during the forecast period, continuing on a trajectory of strong expansion. By 2033, the market is expected to have grown from US$ 630,994 million to an astounding US$ 2,913,487 million.
These technology developments are having a positive impact on businesses all around the world, which is increasing the demand for enterprise mobility solutions.
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One of the driving forces behind this rapid growth is the increasing mobile workforce and the adoption of Bring Your Own Device (BYOD) initiatives by enterprises. These strategies have not only bolstered worker productivity but have also granted employees the flexibility to work seamlessly from any location, at any time, while having unfettered access to corporate data on the go. Consequently, the demand for innovative enterprise mobility solutions has surged.
Key Takeaways from the Enterprise Mobility Market Study Report
Owing to the presence of many leading market players, the United States dominated the global market by contributing 15.4% in 2022. Moreover, it is part of the broader North American region that held a market share of 28.4% in that year.
Market players operating in the European countries together generated an overall share of around 21.3% of the global revenue generated in 2022. Germany was noted to be the frontrunner as it contributed 9.2% of the revenue share alone.
FMI reveals in its reports that over the forecast years, Asia Pacific countries are also anticipated to create greater opportunities for market players. Particularly, China and India are projected to register higher growth rates of 14.3% and 18.5%, respectively, during this period.
Regional Trends and Competition Analysis
As the enterprise mobility market continues to expand, various regions are experiencing diverse adoption patterns. Competitive analysis within this sector reveals that companies are innovating to meet the evolving needs of businesses. With the projected growth, businesses are expected to intensify their efforts to capture a larger market share and stay ahead of the competition.
Recent Developments by the Enterprise Mobility Service Providers
Checkmarx Corporation released its static analysis tool, ‘ Keeping Infrastructure as Code Secure,’ in February 2021 for cloud-native apps. This app is free of cost and is designed to give developers more security while using Infrastructure as Code.
To enhance the capabilities of its software-as-a-service (SaaS) application security platform, Qualys Incorporation introduced Qualys SaaS Detection and Response (SaaSDR) in February 2021. As a result, users are now expected to have the security they need to deal with the increasing complexity of SaaS applications.
Major Key Players:
Major key players in the enterprise mobility market include Globo PLC, Enterprise Mobile Inc, Verizon Enterprise Solutions, International Business System, SAP SE, Panasonic Corporation, Nokia Corporation, BlackBerry Ltd, Cerner Corporation, AT&T Inc, IBM Corporation, iPass Inc, Good Technology Inc, Meru Networks, Cisco Systems Inc, Avaya Inc, and Aruba Networks Inc. These companies play significant roles in providing mobility solutions, including mobile device management, enterprise mobility management, mobile application development, and related services to businesses worldwide.
