According to the report, the global enterprise mobility market was estimated at $19.65 billion in 2019, and is anticipated to hit $151.51 billion by 2027, registering a CAGR of 29.3% from 2020 to 2027.
Surge in data & mobile devices in organizations and increase in cloud & mobile application in various industries drive the growth of the global enterprise mobility market. On the other hand, high implementation cost and lack of awareness in developing nations impede the growth to some extent. Nevertheless, rise in adoption of cloud-based technology among enterprises is expected to create lucrative opportunities for the key players in the industry.
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The solution segment to dominate by 2027
Based on component, the solution segment accounted for nearly three-fourths of the global enterprise mobility market share in 2019, and is projected to rule the roost by 2027. Rise in need to ensure the security of the IT infrastructure of organizations propel the segment growth. At the same time, the service segment would exhibit the fastest CAGR of 32.6% throughout the forecast period, due to growing adoption of services among end users, as they ensure effective functioning of enterprise mobility solution.
The on-premise segment to maintain the dominant share
Based on deployment, the on-premise segment contributed to nearly three-fifths of the global enterprise mobility market revenue in 2019, and is expected to lead the trail from 2020 to 2027, due to its security features and high data transfer speed. Simultaneously, the cloud segment would register the fastest CAGR of 30.8% during the forecast period. Rise in adoption of cloud services across various industry verticals fuels the segment growth.
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North America garnered the major revenue share in 2019
Based on geography, North America garnered the major share in 2019, holding more than one-third of the global enterprise mobility market, owing to the growing penetration of smartphones for business activities in Canada. Asia-Pacific, on the other hand, would showcase the fastest CAGR of 30.9% from 2020 to 2027, due to the fact that the key players have established an inviolable market in countries such as India and China.
Key players in the industry –
- Blackberry Limited
- Citrix Systems, Inc.
- VMware, Inc.
- IBM Corporation
- Infosys, Ltd.
- Microsoft Corporation
- Amtel, Inc.
- SAP SE
- Sophos Ltd.
- Soti, Inc.
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Key Findings of the Study –
- By enterprise size, the large enterprises segment generated the highest revenue in 2019.
- Region-wise, North America generated the highest revenue in 2019.
- Depending on component, the solution segment generated the highest revenue in 2019.
- Based on industry vertical, the IT & telecom segment generated the highest revenue in 2019.
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