Enterprise Mobility Market Size, Share, and Trends 2024 to 2034

The global enterprise mobility market size was estimated at USD 24.89 billion in 2022 and is expected to hit around USD 194.88 billion by 2032 with a registered CAGR of 22.9% during the forecast period 2023 to 2032.

Key Takeaways

• By enterprise size, the large enterprises segment has captured a revenue share of around 61% in 2022.
• North America has captured 41% revenue share in 2022.
• By component, the solution segment generated a 69% revenue share in 2022.
• By device type, the laptop segment contributed 46% of revenue share in 2022.
• By deployment mode, the on-premise segment has generated a 54% market share in 2022.

Growth Factors

The growing mobile workforce and enterprise adoption of Bring Your Own Devices initiatives to improve worker productivity, permitting employees to work from anyplace, at any time, and admittance corporate information on the go, has surged the demand for enterprise mobility solutions. Furthermore, the rise of new mobile devices on the market inspires regions to connect mobile device management solutions. Security solutions are being developed by key companies in the corporate mobility market to deliver a similar or greater degree of knowledge to the market. In addition, to expand their products and market reach, competitors in the business mobility market are relying on inorganic growth tactics such as strategic alliances and mergers and acquisitions with technology partners.

Enterprise Mobility Market Scope

Component Insights

The solutions segment dominated the enterprise mobility market in 2022. Enterprise mobility solutions are being used by businesses to improve customer acquisition, retention, customer experience, and profitability. To increase productivity and ensure business continuity, businesses must handle their data efficiently and effectively. The market players have been pushed to implement corporate mobility solutions to help information technology teams simplify and manage their decision-making process due to the abundance of data that amounts to big data. Enterprise mobility solutions allow for the analysis of massive amounts of social media and sensor-based data in order to discover new insights about customer, product, and operational relationships and display them in an easy-to-understand format.

The services segment is the fastest-growing segment of the enterprise mobility market in 2021. Enterprise mobility helps organizations and clients in terms of consulting, support and maintenance, and deployment and integration. These services help organizations to save time and money. Thus, this segment is expected to grow at a rapid pace. 

Deployment Modes Insights

The cloud segment dominated the enterprise mobility market in 2022. The cloud is predicted to grow at a faster rate than the rest of the deployment segment over the projection period. Users can remotely access enterprise mobility solutions through the internet with cloud-based solutions that leverage the Software-as-a-Service concept. Enterprise mobility solutions are given through the internet under this deployment style. Flexibility, affordability, scalability, operational efficiency, and negligible expenditures are some of the benefits of using cloud-based enterprise mobility solutions.

The on-premises segment is the fastest growing segment of the enterprise mobility market in 2020. Lack of control over applications, tight government rules, and private content are some of the drawbacks of cloud-based enterprise mobility solutions. Thus, these limitations are driving the growth of on-premises enterprise mobility segment. 

Application Insights

The BFSI segment dominated the enterprise mobility market in 2022. For secure data and regulatory compliance in their financial exchanges, banks and allies are pivoting to allow Bring Your Own Device and need enterprise mobility. The emergence of numerous operating systems, such as macOS and Windows 10, as well as devices and the internet of things, has expanded the mobile hardware context, allowing businesses to focus on enterprise mobility. In addition, the banking industry currently lacks a robust system for managing overall device inventory and tracking whether devices are online or offline. Banks must maintain track of any mobile devices used by their salespeople in the field and guarantee that they are not being misused.

The retail and ecommerce segment is the fastest growing segment of the enterprise mobility market in 2021. The retail industry generates massive volumes of data through numerous channel modalities such as social media, blogs, and applications. Despite the fact that it contains significant information, much of this unstructured data is useless. The retail industry entered the digital age with the implementation of e-commerce, giving retailers the ability to collect more information on their customers. Enterprise mobility is being used by leading retailers in retail services to improve user experience and shop performance.

Enterprise Mobility Market Share, By Region, 2022 (%)

Regional Insights

North America dominated the enterprise mobility market in 2022. The U.S. dominated the enterprise mobility market in North America region. The growth of North America enterprise mobility market is attributed to the existence of key market players in the region. Due to the fierce rivalry in the North American market, many market players aim for bigger sales and business expansions. To keep up with the latest technologies in the market, North American businesses concentrate on innovation. Verticals such as healthcare, retail, and life sciences in this region use enterprise mobility solutions for a variety of reasons, including more efficient day-to-day transaction management in the banking and financial services vertical, enhanced supply chain management, and improved ability of healthcare machines to track patient health.

Europe, on the other hand, is expected to develop at the fastest rate during the forecast period. The UK dominates the enterprise mobility market in Europe region. The UK is Europe's largest market for workplace mobility management. The country's key source of demand for mobility solutions is the high rate of adoption of these solutions in the banking, retail, manufacturing, and healthcare sectors. With the expanding use of big data analytics in the country's healthcare ecosystem, the healthcare business has a large potential for analytics. Over the projection period, this is expected to help enterprise mobility flourish in the country. Furthermore, prediction aids hospitals in lowering provider-payer expenses. The healthcare sector, with the help of enterprise mobility, ensures the productivity of doctors and other health personnel, resulting in improved clinical outcomes.

Key Market Developments

• In June 2020, IBM will launch Watson Works to address the challenges of returning to work. Watson Works is a collection of Watson Artificial Intelligence models and applications that can help businesses with various aspects of the COVID-19 return-to-work problem.
• BlackBerry Spark Suites, which comprise the BlackBerry Spark UEM Express Suite, BlackBerry Spark UES Suite, BlackBerry Spark UEM Suite, and BlackBerry Spark Suite, were launched in May 2020.
• Symantec Corp. declared amount of exceptional security improvements as well as the availability of CASB, SEP, and WSS integrations with SEP Mobile in January 2019, significantly increasing the value proposition for Symantec customers by protecting mobile users and devices from a broader range of mobile use cases than any other single vendor.
• VMware announced new features for its industry-leading Workspace ONE Platform in August 2019. Information technology personnel may use the new modern management, security, and multi-cloud VDI advancements to intelligently manage and safeguard access to any app, on any cloud.

Segments Covered in the Report

By Component

• Solutions
  • MDM
  • MAM
  • MCM
  • Identity and Access Management
  • Mobile Expense Management
• Services
  • Professional Services
  • Consulting
  • Support and Maintenance
  • Deployment and Integration
  • Managed Services

By Organization Size

• Large Enterprises
• Small and Medium-Sized Enterprises

By Device Type

• Laptop 
• Tablet 
• Smartphones

By Deployment Modes

• Cloud
• On-premises

By Application

• BFSI
• Retail and eCommerce
• Healthcare and Life Sciences
• IT and Telecom
• Manufacturing
• Government
• Transportation and Logistics
• Travel and Hospitality
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)