Managed mobility services enable organizations to centrally manage and secure employee mobile devices and applications from a single pane of glass. These services assist enterprises in securely deploying and supporting a variety of mobile platforms including smartphones, laptops, tablets and other endpoints to empower employee productivity. Managed mobility service providers help businesses implement mobile device management, mobile application management, mobile content management, and mobile security capabilities. These capabilities allow enterprises to securely provision corporate applications and data, enable remote access to work resources, implement policies for password protection and device encryption, and perform troubleshooting and support for employee endpoints.
The global Managed Mobility Services Market is estimated to be valued at US$ 5461.59 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the managed mobility services market is the growth of unified endpoint management (UEM). UEM solutions allow enterprises to centrally manage company-owned as well as employee-owned smartphones, laptops, desktops and other endpoints through a single console. UEM provides a unified experience to secure, configure and support all types of corporate endpoints. This is driving many enterprises to adopt managed UEM services from third-party providers to simplify endpoint management. Another notable trend is the rise of device-as-a-service offerings where the service provider manages the entire device lifecycle from provisioning to disposal on behalf of the customer. This is gaining traction as it reduces upfront capital expenditure and shifts the cost to operational expenditure through predictable monthly subscription plans. The other key trends include increasing focus on mobile first strategies, digital transformation initiatives and a Bring Your Own Device (BYOD) culture in enterprises.
Threat of new entrants: The Managed mobility services market involves large costs of infrastructure, operations and skilled employees. This poses significant barrier for new companies to enter the market.
Bargaining power of buyers: Individual buyers have low bargaining power due to availability of several service providers in the market. However, large enterprises can negotiate better deals from vendors due to high volumes.
Bargaining power of suppliers: Major service providers have established supply chains and supplier networks. This gives them an advantage over smaller vendors and reduces supplier bargaining power.
Threat of new substitutes: No significant threat of substitutes exists currently. Emerging technologies like desktop virtualization pose potential threats in future.
Competitive rivalry: The market has presence of many global and regional players. Players compete based on service offerings, technology use, skills and quality of service.
The Global Managed Mobility Services Market Size is expected to witness high growth over the forecast period 2023 to 2030.
North America dominates the market currently due to presence of major players and early adoption of cloud and emerging technologies by companies. Asia Pacific is expected to grow at fastest pace during the forecast period.
Key players operating in the Managed Mobility Services market are Nestle S.A., Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg, Company, Fifty 50 Foods, Inc., Mars Inc., Newtrition Plus Health and Wellness Pvt. Ltd, and Herboveda India.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it