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Mobile Device Management (MDM) Market in Asia-Pacific (2018-2023): Growth of 25.16% (CAGR) is Expected - ResearchAndMarkets.comThe "Asia-Pacific Mobile Device Management (MDM) Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The Asia-Pacific MDM market is expected to reach USD 2 billion by 2023
with a compound annual growth rate (CAGR) of 25.16% during 2018-2023.
Asia-Pacific will be the fastest growing region and would register
significant growth during the forecast period. Organizations in this
region have been actively adopting enterprise mobility solutions to
meet the demands of the dynamic mobile workforce and economic growth.
Mobile devices have gained tremendous acceptance among the younger
generation, and demand for cloud-based solutions by small and medium
sized industries (SMEs), and the growing bring your own device (BYOD)
trend would be some of the notable factors that would drive the MDM
market in this region.
Mobile devices in this region are being used extensively for both
private and professional purpose. BYOD assists in mobilization of
organizational data that increases the efficiency of the organization.
The growth of the MDM market in this region is currently hindered by
accidents, which is a major caue of data loss for individual users.
Very often we hear people asking others how to dry a wet device.
Connectivity to the cloud can enable businesses to automatically
create backups.
No matter what happens to a device, important data and information
can be retrieved by accessing the most recent cloud backup. Initial
cost of these solutions is very high and this is a hindering factor
for this market. Companies here are concerned about large
investments in a particular area.
Market Segmentation The market is divided into three primary segments based on solutions, deployment and end users. Based on solutions, the market is segmented into device management, application management, security management and network service management. With a highest CAGR of 30.45%, the device management market is expected to reach USD 0.65 Bn in the year 2023. The application management market holds the maximum share in 2018 with a revenue of USD 0.21 Bn. Based on deployment, the market is divided into cloud and on-premise. The cloud deployment market is expected to have a larger share and is estimated to grow from USD 0.35 Bn in 2018 to USD 1.19 Bn in 2023 with a CAGR of 27.59%.
Based on end users, the market is classified into banking, financial
services and insurance (bfsi), telecommunication, retail, and
healthcare. Healthcare will have a major market share and will rise from
USD 0.25 Bn in 2018 to USD 0.76 Bn in 2023. The CAGR will be around
24.9%.
Key Players Profiled Topics Covered Chapter 1. Executive Summary Chapter 2. Asia-Pacific MDM Market Overview Chapter 3. Asia-Pacific Segment Overview Chapter 4. Competitive Landscape Chapter 5. Conclusion and Outlook For more information about this report visit https://www.researchandmarkets.com/research/8db285/mobile_device?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20181214005121/en/ |
