Managed mobility services market

The global managed mobility market size was valued at USD 3462.10 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 25.6% from 2022 to 2030. The market is to propel the market as increasing adoption of byod in multiple industries and Companies outsourcing it activities. Lack of control over operations and cost visibility is anticipated to hinder the market growth. Based on the segment the market is divided by horsepower, by function, by deployment and end-user geography.

Global Managed Mobility Services Market: Regional Insights

Based on geography, the global managed mobility services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East &Africa. In North America As per to the Annual Internet Report by Cisco, the average number of devices and connections per capita over the globe will grow to 3.6 by 2023. Amidst the countries with the huge average of per capita devices and liks by 2023, the United States will keep at the top with a minimal of 13.6 devices and connections per capita, after South Korea and Japan.

In Europe, the digital transformation of the United Kingdom aimed by the growth in machineries such as Industrial IoT and 5G deployment is causing to the rise in data usage and further boosting mobility services in the country. As per the Cisco Annual Internet Report (2018-2023), the United Kingdom would be amidst the top three 5G regions in terms of amount of equipments and connections share on 5G with 19.5% by 2023.

Figure 1: Global Managed Mobility Services Market Share (%), By Region, 2021

Global Managed Mobility Services Market Drivers:

The enterprise mobility trend has taken place over the years. Currently, the companies initially focus on business plans and core competencies, improving the utilization and acquirement of bring-your-own- device (BYOD). This rise in the necessity for streamlined mobility services, possibly fueling need for managing these mobile devices.

Furthermore, the growing mobile subscriber base in emerging countries, such as China, India, Brazil, etc., is propelling the adoption of BYOD policies, enhancing work efficiency and flexibility in terms of operations.

 Global Managed Mobility Services Market Opportunities:

Going forward, the managed service providers market is likely to be characterized as a highly competitive industry, considering the rate of mergers and acquisitions. Furthermore, most of the MSPs may realize the need to adopt MSSP business models, which require expertise in cybersecurity, in addition to IT management.

Cybersecurity compliance necessity, which are instructed by the state and local governments and regulatory bodies, also fuel the necessity for MSPs to be security-aimed. In addition, as dedicated, on- premise hardware for computing purposes may reduce, and most of the functionality may become cloud-based, privacy and security issues may become more intense.

Global Managed Mobility Services Market Trends:

Cloud based is also making way for workers to utilize their personal devices for office work. As per an article generated by Scalefusion.com, 31% of businesses have allowed their workers to utilize their phones and laptops for work. Furthermore, over 61% of businesses anticipated their staffs to be accessible from home, despite not because of a corporate-issued tool.

Due to such advancements trends, the managed mobility service providers are gradually changing into an “MSPv(IT) and MSP (Security)” business design. These evolutionary growth can be accredited to the fact that in an offer to ignoring fading away into IT obscurity, the market is reorganizing its structural ecosystem.

 Global Managed Mobility Services Market Restraints:

The customers in the market are still witnessing challenges for cost visibility as they invest in the third- party managed mobility service. Some of the vendors lack the expertise to estimate the total costs or lack the capacity or resources to manually add individual parameters to arrive at an estimated cost. Such challenges add a drawback to the market.

Anyhow, even if the prices are evaluated, other restrictions take place over integration original price assignments versus calculated and considerate towards the alterations. Hence, this rises expediture for customers to utilize other set of third-party cost approximation applications to spend in managed mobility services. This shows the absence of control on price visibility.

 Segment graph

Figure 2: Global Managed Mobility Services Market Share (%), By End-User Industry, 2021

Global Managed Mobility Services Market Segmentation:

The global managed mobility services market report is segmented by function, by deployment and by end-user industry.

Based on function the segment is divided into, mobile device management, mobile application management. Out of which the Mobile Device Management (MDM) is usually a deployment of a blend of on-device applications, configurations, corporate schemes and certificates, and backend infrastructure for streamlining and improving the IT management of mobile devices. Curretlly IT environments, the huge count and diversity of managed devices have fueled the MDM solutions, permittig the management of tools and users in a proper and scalable manner.

Currently workplace has no limits and is increasing across the globe. Hence, companies and their teams need a secure mobile workforce and enterprise mobile security methods to permit flexible delivery of apps, content, and resources over numerous mobile devices.

Based on deployment the market segmented into on premises and cloud. Cloud combination is the top mobility priority amidst enterprises, both in present efforts and future plans. Modern MDM solutions are cloud solutions. This trend fueled further owing to the COVID-19 pandemic, as IT departments in large-scale organizations had to move rapidly to let cloud-based MDM solutions to keep organizations safe.

Mobile Device Management has factually been a resolution that has been fixed on-premise. Companies that fixed solutions on-premise devices were usually linked to a LAN connection trough corporate WiFi or from cradles and USB connections. From the years, tools went from Personal Digital Assistants  to Mobile Devices and mobile phones.

Based on end-user industry the segment is divided into IT& Telecom, BFSI and healthcare. Out of which The IT and telecom sector is a notable market for managed services. Owing to the huge rate of several technological acquirements, the enterprise mobility trend has increased over the years. At present, the companies primarily aiming on business plans and core capabilities, driving the use and acceptance of bring-your-own-device.

The BFSI industry is experiencing a quick digital changes, making obstructions associated to cyber insecurity, cost deduction, regulatory orders, and customer intelligence needing strong network functions that tackle such abilities.

Global Managed Mobility Services Market: Key Developments

In November 2021, Kyndryl, the new, independent company listing on the New York Stock Exchange, declared that Automated Financial Systems Inc. (AFS), a global leader in business lending to top-tier financial institutions, is functioning with Kyndryl to containerize their commercial lending  software  to  permit end-users to operate it anywhere.

In November 2021, NASCO, a leading supplier of healthcare technology solutions, and Kyndryl, declared a partnership to drift NASCO's critical infrastructure to a new, shared mainframe surrounding, fueling enhanced efficacy, pliability, and scale for NASCO's operations. NASCO is also increasing this partnership till 2030 .

In November 2021, Kyndryl, the world's largest IT infrastructure services supplier, and Microsoft Corp., declared a landmark global  strategic  collaboation  that  will  mix  their market-leading  abilities  in  service  of  enterprise customers.

In August 2022 – Accenture has adopted Tenbu, a cloud data firm that focusses in solutions for intelligent decision-making and planning from areas such as analytics, ML, and big data. With above 150 certifications, Tenbu’s team of 170 data authorities will join the Data & AI team within Accenture Cloud First. Terms of the attainment were not disclosed.

Global Managed Mobility Services Market: Key Companies Insights

The global managed mobility services market is highly competitive. This is attributed to incessant launch of new machineries owing to ongoing Research & Development and efforts by value chain participants. Furthermore, key players are acquiring several business development plans in order to increase their presence on regional and the global basis. Few key players in the global managed mobility services market are:

AT&T Inc., Fujitsu Ltd., Kyndryl (IBM Corporation), Wipro Ltd, Orange SA, Telefónica SA, Samsung Electronics Co. Ltd, Hewlett-Packard, Vodafone Group PLC, Microsoft Corporation, Tech Mahindra

 *Definition: Managed mobility services is the attaining, deployment and management of the tools a company’s mobile and remote employees utilize to guarantee compliance with the enterprise surrounding. A managed mobility services provider eases the burden on enterprise IT departments by allocating with the difficulty of managing multiple device platforms.

Detailed Segmentation:

• Global Managed Mobility Services Market, By Function:
  • Mobile Device Management
  • Mobile Application Management
  • Mobile Security
  • Other Functions
• Global Managed Mobility Services Market, By Deployment:
  • Cloud
  • On-premise
• Global Managed Mobility Services Market, By End-User Industry:
  • BFSI
  • Retail
  • Manufacturing
  • Power and Energy
  • IT and Telecom
  • Education
  • Healthcare
  • Other End-user Industries
• Global Managed Mobility Services Market, By Geography:
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Africa