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Unified Endpoint Management Market Worth USD 3.73 Billion by 2020 - High Cost of UEM Deployment Slowing Growth - Research and Markets

[May 23, 2016]

Unified Endpoint Management Market Worth USD 3.73 Billion by 2020 - High Cost of UEM Deployment Slowing Growth - Research and Markets

Research and Markets has announced the addition of the "Unified Endpoint Management Market by Deployment Mode (Cloud, On-Premise, Hybrid), Vertical, Region - Global Forecast to 2020" report to their offering.

The global unified endpoint management market is expected to grow from USD 624.9 Million in 2015 to USD 3.73 Billion by 2020, at a CAGR of 42.9% during the forecast period.

The proliferation of mobile device adoption in the enterprises such as smartphones, tablets, and other wearable devices brings various daunting challenges around security, privacy, speed-to-market, and to manage the information that is stored in these devices. With exponentially growing rate of company-procured smartphones and tablets, the difference between personal computers and mobile devices continues to blur as well as are difficult to manage holistically.

Currently, BFSI sector is dominating the market and this trend is expected to continue over the forecast period. The unified endpoint management market has reflected increasing adoption in healthcare and automotive sector UEM solutions are available in a various deployment mode such as on-premise, cloud, and hybrid. UEM tends to be inherently a cloud-based technology due to the need to manage mobile devices on the go. However, many larger enterprises still show reluctance for cloud-based solutions due to which many vendors that started out with purely cloud-based solutions have had to augment their portfolio with on-premise solutions.

Adoption of unified endpoint management solutions continues to see strong growth, driven by the convergence of a number of different trends including: the growing Bring Your Own Device (BYOD) and Internet of Things (IoT) trend, growth of mobile workforces, proliferation of mobile apps, increased security threats, and the need to adhere to strict regulatory and compliance requirements.

Factors such as lack of awareness among customers and high cost of UEM deployment are hindering the market growth.

Companies Profiled: