July 21, 2024

Managed Mobility Services Market Driven By Growing Reliance On Remote Employees And Bring Your Own Device Trend

Managed mobility services help organizations enhance workforce mobility and ensure optimal device management. These services help in provisioning, enabling, and securing cellular devices along with managing mobile applications, expenses, and policies across diverse end-user devices. The growing trend of encouraging bring-your-own-device policy and shift towards remote and hybrid working models have led to rising complexities in managing a variety of employee-owned and employer-provided devices. Managed mobility services assist organizations to navigate through these challenges by offering streamlined device management solutions, enabling employees to securely access enterprise applications and resources from any location using their personal or company-provided devices.

 

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 25% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the managed mobility services market is the growing demand for advanced mobile device management (MDM) capabilities. With an increase in the number of mobile devices used per organization and an expanding remote workforce, the need for robust MDM solutions for hassle-free device management has increased. Advanced MDM services offer granular features for supervising mobile assets, application management & distribution, configuration & restriction settings, and data security & encryption. They help businesses optimize operational efficiency by automating repetitive tasks, reducing downtime & troubleshooting efforts, and enforcing consistent BYOD policies. This is driving several managed service providers to enhance their portfolio with advanced MDM offerings.

Porter’s Analysis:

Threat of new entrants: The threat of new entrants is low as significant capital investment is required to enter and compete in the Managed Mobility Services Market due to the presence of major global players.. Moreover, economies of scale benefits enjoyed by existing players also pose challenges for new entrants.

Bargaining power of buyers: The bargaining power of buyers is high due to the presence of many vendor options available. Buyers can negotiate on prices and offerings, thus exerting pricing pressures on existing players.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as switching costs are low for suppliers. However, large suppliers enjoy bargaining power due to their economies of scale and product differentiation advantage.

Threat of new substitutes: The threat of substitutes is moderate as managed mobility service offerings require specialized skills and infrastructure which are challenging for substitutes to replicate. However, the emergence of new technologies poses a potential threat.

Competitive rivalry: The competitive rivalry is high owing to the presence of many global and regional players. Players compete based on service offerings, pricing, innovation, and customization.

Key Takeaways

 

The Global Managed Mobility Services Market Demand is expected to witness high growth over the forecast period driven by rising adoption of cloud services and digital transformation across industries.

Regional analysis:

 

North America is expected to dominate the market during the forecast period. Large presence of major players, high adoption of emerging technologies and emphasis on innovation gives the region an edge over other regions. Asia Pacific is projected to grow at the fastest pace owing to growing adoption of digital services, rising enterprise mobility in countries like India and China.

Key players:

 

Key players operating in the Managed Mobility Services market include AT&T Inc., Fujitsu Ltd., Kyndryl (IBM Corporation), Wipro Ltd, Orange SA, Telefónica SA, Samsung Electronics Co. Ltd, Hewlett-Packard, Vodafone Group PLC, Microsoft Corporation, Tech Mahindra. The players compete on the basis of service offerings, innovation, security capabilities, and global reach to strengthen their market presence. Tech Mahindra is focued on expanding its capabilities to meet evolving customer demands through strategic acquisitions.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it