Market Overview
Market Research Future (MRFR), in its recently published research report, asserts that the global unified endpoint management (UEM) market 2020 is booming and expected to grow exponentially over the review period, recording a substantial market valuation from USD 1.43 billion in 2017 up to USD 9.67 billion by 2023, and a healthy 37.48% CAGR in the forecast period.
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Drivers and Restraints
The requirement for single unified endpoint management (UEM) solution to ensure traditional as well as non-traditional endpoints is one of the numerous factors driving the expansion of the UEM market. Furthermore, the need for data security in enterprises along with the rising ownership of mobile gadgets in the working populace are some of the key factors increasing the growth of this market. The rising adoption of cloud-based solution and growing inclination of industries towards e-commerce & e-banking are a few influential factors favoring the expansion of unified endpoint management market. Moreover, the inclusion of next-generation devices including IoT devices and smart wearables in almost every industry is slated to provide profitable growth opportunities to the UEM vendors in the near future.
On the other hand, high cost related with UEM deployment and lack of awareness in the enterprises concerning the benefits of the same may limit the growth of unified endpoint management (UEM) market.
Segmental Analysis
Unified Endpoint Management Market is analyzed on the basis on type, organization size, vertical and region.
By type, the market is bifurcated into solutions and services. Based on the type, the services segment of the unified endpoint management (UEM) market is projected to expand at a greater CAGR as compared to the solutions segment over the review period. The need for suitable training & support services, post the deployment of UEM solutions to ensure the operative management of endpoints, is projected to fuel the growth of the services segment.
Based on the organization size, the unified endpoint management (UEM) market is bifurcated into large enterprises and SMEs. Based on the organization size, the Small & Medium-sized Enterprises (SMEs) segment of the market is projected to grow at a higher CAGR as paralleled to the large enterprises segment during the forecast period. This growth can be accredtied to the increasing adoption of UEM solutions by SMEs to decrease operational cost and enhance enterprise security.
By vertical, the market is segmented into telecommunication & IT, retail, healthcare, government & defense, manufacturing, BFSI, transportation & logistics, automotive and others. BFSI companies are integrating technologies, such as mobile banking, and allowing payments via smartphones to provide improved services to customers. The upcoming trend of Bring Your Own Device (BYOD) in the BFSI sector has contributed to the augmented adoption of unified endpoint management solutions.
Competitive Analysis
The prime market players operating in the global unified endpoint management (UEM) market as identified by MRFR are Microsoft Corporation (US), VMware, Inc. (US), IBM Corporation (US), SOTI Inc. (Canada), BlackBerry Limited (Canada), MobileIron (US), Citrix Systems, Inc. (US), Sophos Ltd. (UK), Ivanti (US), and Jamf (US) and others.
Other notable players in the unified endpoint management market are Zoho (US), CA Technologies (US), Symantec (US), Cisco Systems (US), among others.
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Regional Analysis
The geographical overview of the global unified endpoint management (UEM) market has been conducted in four major regions, counting the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East and Africa).
North America is expected to lead the unified endpoint management market due to the widespread disposition of IoT and bring your own (BYOD) solutions in this region. Additionally, the need to protect data which is stored on the cloud and transferred over networks is projected to influence the growth of the market in North America. Europe follows closely behind North America as various industry verticals such BFSI are implementing the concept of BYOD to lower their infrastructure cost. Asia-Pacific is projected to be the fastest growing region as the concept of mobility is being implemented across various industries.
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