April 18, 2024

Managed Mobility Services Market Drives Digital Transformation Across Enterprise

Managed mobility services provide end-to-end management of enterprise mobility infrastructure, enabling seamless mobility and productivity on the go. These services help enterprises securely manage and support a wide range of workplace devices including smartphones, laptops and tablets. They simplify access to business applications and data through mobile device management solutions while ensuring adherence to security and compliance policies. Managed mobility services optimize productivity through centralized administration of wireless networks and troubleshooting of issues across devices. The global adoption of bring your own device (BYOD) trend has further accelerated the need for managed services that can integrate personal and company devices on a unified platform.

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 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The scalability, flexibility and lower upfront costs of cloud models have increased their popularity across industries. Cloud platforms allow service providers to centrally manage massive volumes of endpoints and supporting infrastructure through analytics, reducing management overheads. They also enable organizations to scale resources on demand basis eliminating need for on-premise hardware investments. This is expected to fuel transition from on-premise to cloud-based managed mobility models. Another notable trend is the emergence of hybrid approaches combining traditional on-premise infrastructure with public and private cloud platforms. This hybrid model provides security of on-premise deployments along with scalability and lower costs of cloud computing.

Porter’s Analysis
Threat of new entrants: The threat for new entrants in the managed mobility services market is moderate as the industry requires high initial investment and capitalizing on existing partnerships and contracts. However, new technologies enable lower costs of entry.
Bargaining power of buyers: The bargaining power of buyers in the managed mobility services market is high due to the presence of numerous vendors providing similar services. Buyers can negotiate better prices by comparing various alternatives available in the market.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are no major dependencies on individual suppliers for components and technologies required in the managed mobility services market. However, suppliers have some control over pricing and able to charge according to demand.
Threat of new substitutes: The threat of substitutes is moderate as managed mobility services have few close substitutes that can fulfil the same consumer needs. However, continuous innovation brings new opportunities for substitutes.
Competitive rivalry: The competitive rivalry in the managed mobility services market is high due to presence of numerous regional and international players competing for customers through competitive pricing and differentiated services.

Key Takeaways

The global Managed Mobility Services market is expected to witness high growth. The market in the North America region is expected to dominate during the forecast period owing to early technology adoption and presence of key market players. 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 5.7% over the forecast period 2023 to 2030.

Regional analysis: North America holds the highest market share primarily due to presence of majority of vendors providing managed mobility services such as Nestle S.A., Unilever Plc, PepsiCo Inc. The region also adopting digital technologies at a massive pace and has witnessed tremendous growth in bringing your own device practice among enterprises.

Key players: Key players operating in the Managed Mobility Services are Nestle S.A., Unilever Plc, PepsiCo Inc., Cadbury Plc, The Coca-Cola Company, Kellogg, Company, Fifty 50 Foods, Inc., Mars Inc., Newtrition Plus Health and Wellness Pvt. Ltd, and Herboveda India. The major players are focusing on improving technology, acquiring smaller players and increasing their regional footprint to gain more customers and enhance their product portfolio.

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