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
"Increasing adoption of mobile technology and accelerating Bring Your Own Device (BYOD) policies in organizations is driving the Managed Security Services (MMS) market"
The MMS market is projected to grow at a high Compound Annual Growth Rate (CAGR) of 33.6% from 2016 to 2021 to reach USD 19.40 billion by 2021. There has been a propagation of BYOD due to predominant adoption of mobile devices and growing internet consumption across the globe. This extensive penetration of mobile devices has increased the demand for solutions pertaining to the streamlining of secured data access and its management across diverse organizations as the business content is sensitive and needs efficient management and protection.
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"The market in Asia-Pacific (APAC) is expected to witness the highest growth"
The market in APAC is expected to witness exponential growth during the forecast period. The market in APAC has specifically been one of the fastest growing markets due to the rising adoption of mobile devices in this region and growing mobile usage among workforce. The enterprises and Small and Medium Enterprises (SMEs) in the APAC countries are acknowledging the significance of data security and are growing receptive toward adopting dedicated MMS to leverage secured mobility for enhancing organizational productivity. On the other hand, Middle East and Africa (MEA) shows great prospects in this space while Latin America is moving toward the growth phase.
Breakdown of primary research interactions:
To determine and verify the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people; below are the details:
* By Company Type: Tier 1 (20%), Tier 2 (40%), and Tier 3 (40%)
* By Designation: C-level (25%), Director level (50%), and other executives (25%)
* By Region: North America (25%), Europe (25%), and APAC (50%)
Prominent vendors in the MMS market space include AT&T, Fujitsu, IBM Corporation, Wipro, Orange Business Services, Telefonica, Deutsche Telekom AG, Hewlett-Packard, Vodafone, and Accenture among various others. With the rapid development of new technologies, new vendors are emerging in the market offering innovative mobility solutions.
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