Aug 31, 2021 (AmericaNewsHour) -- In a recent published report, Kenneth Research has updated the Mobile Device Management Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Mobile Device Management Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017
Global mobile device management market
Mobile device management (MDM) is a security software used by an information technology (IT) department to monitor, manage and secure employees' mobile devices that are deployed across multiple mobile service providers and across multiple mobile operating systems being used in the organization.
The Gartner research firm defines mobile device management as "a range of products and services that enables organizations to deploy and support corporate applications to mobile devices, such as smartphones and tablets, possibly for personal use -- enforcing policies and maintaining the desired level of IT control across multiple platforms."
The MDM market is expected to grow at a compound annual growth rate (CAGR) of around 23% (2018-2023) which will lead to a global revenue of USD 7.96 Bn by the year 2023 from 2.83 Bn in 2018.
Some of the benefits of MDM:-
o It is easier to update software in mobile devices.
o The administrator can manage and monitor the devices without being on the location.
o MDM provides the facility to backup and restore data.
o In case the device is lost or stolen, the facility is there to lock and disconnect the data from a distance to avoid unauthorized access.
Key growth factors
The rapid increase in smartphone penetration along with rising concerns regarding security of corporate data are the major drivers for the global mobile device management market. The bring your own device (BYOD) trend which allows employees bring their own device, can be considered as another prominent driver for the modern global mobile device management market. Moreover, increase in young work force population is another reason which is increasing the need for mobile device management solutions. As MDM vendors improve their security and adaptability features and spread them to other electronic devices such as laptops and smart watches, demand for advanced mobile device management solutions is projected to continue rising throughout the forecast period.
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Threats and key players
Incorporating business applications on devices for providing ease of access to employees pose serious challenges to the corporation if the device is compromised. The devices may be exposed to third-party applications as well as malware and virus threats. Leakage of corporate data on mobile devices has grown and poses a bigger challenge than malware. Organizations need a cost-effective strategy for MDM to ensure data security while at the same time providing a convenient end-user experience. Threat can enable MDM system to act wrongly in case of natural disasters like flood and earthquake.
The key players operating in this market are Sika AG (Switzerland), The Dow Chemical Company (U.S.), Bayer (Germany), Henkel (Germany), BASF (Germany), 3M Company (U.S.), Ashland Specialty Chemical Company (U.S.), H.B. Fuller Company(U.S.), Hindustan Adhesives Limited (India), ExxonMobil Chemical Company (U.S), Dynea International Oy (Finland) , Forbo Adhesives Switzerland (Switzerland), Hexion Specialty Chemicals (U.S.) and Covalence Adhesives (U.S.), etc.
What's covered in the report?
1. Overview of the global MDM market
2. Market drivers and challenges in the global MDM market
3. Market trends in the global MDM market
4. Historical, current and forecasted market size data for segments based on type of solutions (device management, application management, security management and network service management)
5. Historical, current and forecasted market size data for segments based on deployment (on-premise and cloud)
6. Historical, current and forecasted market size data for segmentation based on end users (banking, financial services and insurance (BFSI) ,telecommunication, retail, and healthcare)
7. Historical, current and forecasted market size data for segments based on geography (North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa)
8. Analysis of the competitive landscape and profiles of the major companies operating in the market
1. Understand the demand for global MDM to determine the viability of the market.
2. Identify the developed and emerging markets where mobile device management is being used.
3. Identify the challenge areas and address them.
4. Develop strategies based on the drivers, trends and highlights for each of the segments
5. Recognize the key competitors of this market and respond accordingly.
With the given market data, Kenneth Research offers customizations according to specific needs. Write to us at firstname.lastname@example.org.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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