Managed Mobility Services Market Witness Strong Growth due to Rising Digitalization
Growing digital transformation across industries has accelerated the adoption of advanced technologies such as cloud, analytics, mobility, artificial intelligence, and Internet of Things (IoT). Rapid digitalization in business operations has increased the demand for mobility services to securely access business-critical applications and data from any location using employee-owned or company-provided mobile devices. Managed mobility services encapsulate mobile device, application, and backend infrastructure management for corporations. Major functions covered under managed mobility services include device procurement and deployment, security management, remote monitoring and troubleshooting, applications management, and associated infrastructure support.
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 Dynamics
Digital transformation and mobility-driven workforce are driving strong demand for managed mobility services, especially among large enterprises. Rapid shift to cloud-based infrastructure and increased use of mobile applications to access business data remotely have necessitated professional mobility management services. As Bring Your Own Device (BYOD) trend gains traction, companies are more reliant on third-party service providers for securing corporate data on personal devices. Additionally, managed services help reduce capital expenditure and operational costs compared to in-house mobility management. Growing emphasis on mobility-centric digital strategies in manufacturing, retail, healthcare and BFSI industries will continue supporting market growth over the forecast period. However, data privacy and security concerns related to outsourcing mobility functions remain key challenges for service providers.
SWOT Analysis
Strength: Managed Mobility Services help organizations focus on their core businesses rather than managing mobile devices and networks in-house. This saves costs and resources for organizations. Managed mobility services also help with centralized policy management, improved security, and enhanced productivity.
Weakness: Organizations lose control over critical device and network management functions by outsourcing to managed service providers. This can reduce flexibility. Transitioning to managed mobility services also requires changes that could disrupt workflow and productivity initially.
Opportunity: The rise of BYOD and workplace mobility trends have increased the need for efficient mobile device management among organizations. This growing demand opens new revenue opportunities for managed service providers. Emerging technologies like IoT and 5G also widen the scope for advanced managed mobility solutions.
Threats: Compatibility issues with legacy infrastructure can challenge the deployment of comprehensive managed mobility platforms. Aggressive price wars among service providers also threaten margins. Regulations around data security and privacy further complicate service delivery.
Key Takeaways
Global Managed Mobility Services Market Size is expected to witness high growth.
Regional Analysis: Adoption has been strongest in North America due to widespread BYOD adoption and strong travel and logistics industries that rely on mobility solutions. However, Asia Pacific is emerging as the fastest growing regional market, driven by growing mobile workforces in countries like India and China.
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. These companies are focused on partnerships, acquisitions, and innovative service portfolios to integrate mobility management into broader enterprise service offerings and gain greater market share.
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