Valued to be $64.6 Billion by 2026, Managed Mobility Services (MMS) Slated for Robust Growth Worldwide
SAN FRANCISCO, March 21, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Managed Mobility Services (MMS) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 17; Released: February 2022
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Global Managed Mobility Services (MMS) Market to Reach $64.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Managed Mobility Services (MMS) estimated at US$22.5 Billion in the year 2022, is projected to reach a revised size of US$64.6 Billion by 2026, growing at a CAGR of 30.8% over the analysis period. Device Management, one of the segments analyzed in the report, is projected to record a 30.9% CAGR and reach US$46 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Application Management segment is readjusted to a revised 27.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.3 Billion in 2022, While China is Forecast to Reach $6.7 Billion by 2026
Rising number of mobile devices being used by workers in enterprises for accessing corporate information well supported by robust adoption of BYOD/CYOD strategies among companies, and the complexities emerging from having to provision and manage such mobile environment, is a major factor driving enterprise adoption of MMS among enterprises. The need to replace traditional strategy of signing up dedicated services for each of the functional area of enterprise mobility deployments, and move towards bundled services comprising of telecom expense management; apps, content & platforms management; collaboration management; program & financial and other functions in order to gain from efficiency and cost benefits, will especially boost significant adoption of MMS among enterprises. Growing focus on leveraging mobility solutions for increasing productivity and performance of mobile staff, increasing collaboration, optimizing resource utilization, improving management of day to day business functions, enhancing customer experience and engagement and thereby achieving competitive advantage, has been particularly driving robust demand for MMS among companies globally. Increasing adoption of advanced cost effective IT technologies such as virtualization and cloud computing and subsequent need for mobility solutions to fully tap benefits of such technologies will also boost opportunities for MMS in the enterprise sector.
Security Management Segment to Reach $11.7 Billion by 2026
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SOURCE Global Industry Analysts, Inc.