According to the new market research "Managed Mobility Services Market by Function (Device Management, Application Management, Security Management, and Maintenance & Support), by Organization Size (SME and Enterprise), Industry Vertical, and Region - Global Forecast to 2021", The Managed Mobility Services (MMS) market is expected to grow from USD 4.56 Billion in 2016 to USD 19.40 Billion by 2021, at a high Compound Annual Growth Rate (CAGR) of 33.6%.
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The MMS market growing and is expected to rise considerably due to the enhancement and innovation of technology in this sector. Moreover, the demand for Bring Your Own Device (BYOD) is increasing among workforce to access business information through personal devices, which is encouraging organizations to adopt MMS for managing enterprise mobility. There has been a rise in the demand of MMS solutions that can be optimized on real-time basis, so that the needed information can be accessed and completed without any delay. Therefore, MMS plays a significant part in mobility value chain and is being implemented by most of the organizations globally.
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“Device Management segment (Device and System Management, Mobile Service Management, and Sourcing and Logistics Management) is expected to gain market prominence during the next five years”
The device management segment by function is expected to hold the largest market share during the forecast period. More than half of the total MMS market revenue is contributed by device management and the trend is expected to continue during the entire forecast period. This is mainly due to significant rise in the adoption of BYOD among organizations to gain competitive advantage. The mobile device management is expected to grow due to the extensive usage of mobile devices for accessing business content. The security management is also projected to show great growth opportunities with a high CAGR during the forecast period.
“The market in APAC is expected to be grow the fastest-”
Considering the regional trends of the MMS market, North America is projected to hold the largest market size. The market in APAC is the fastest growing regional MMS market. This is mainly attributed to the presence of many developing countries and infrastructure in this region. The Latin America and MEA regions also depict great potentials in terms of adoption of MMS security management services.
The major players offering MMS are AT&T, Fujitsu, IBM Corporation, Wipro, Orange S.A., Hewlett Packard, and others. Moreover, there are various key innovators in the market that provide innovative MMS.
The market on the basis of function is segmented into Device and System Management, Mobile Service Management, and Sourcing and Logistics Management. On the basis of organization size, the market is classified into SME and Enterprise. Further, the MMS market is also segmented based on industrial verticals and regions. The scope of the report covers detailed information regarding the major factors influencing the growth of the MMS market, such as drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, and competitive landscape associated with the MMS market.
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