The global unified endpoint management market size is expected to reach USD 23.98 billion by 2027, registering a compound annual growth rate (CAGR) of 32.2% from 2020 to 2027, according to the new study conducted by Grand View Research, Inc. The rise in disruptive trends such as Bring-Your-Own-Devices (BYOD), Internet of Things (IoT), and Choose Your Own Device (CYOD) is one of the key attributing factors driving the market growth. The subsequent adoption of such trends among organizations increases IT devices and the burden on IT admins to manage these devices using different platforms or solutions. As a result, the need for a unified solution becomes evident among the organization, which could centrally manage all endpoints.
The
disruption in digital technologies has significantly impacted business
operations across the globe. As a result, organizations adopt new business
models to leverage digital technologies and transform their businesses and
markets they operate. With the rise in the hybrid device environment, it
becomes paramount for the organization to restructure and update traditional IT
device management models and adopt UEM solutions for managing applications and
devices. Therefore, the increasing adoption of endpoints and the consequent
rising investments in IT solutions to improve business productivity are significantly
responsible for a surge in market adoption.
The
growing adoption of endpoint devices is becoming more critical as data and
applications run on these systems are shared across organizations. Sharing such
critical organizational data over the endpoints creates risks of cyberattacks.
Furthermore, the cyberthreat risk also increases as the trending policies such
as BYOD and CYOD are being implemented, and consumerization of IT grows,
wherein employees connect their devices to the organizational network. The
increasing risks of cyber-attacks and the need to manage apps and data on
personal connected devices influence organizations to adopt UEM solutions to
provide an additional layer of encryption policies and security.
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Unified Endpoint
Management Market Report Highlights
- The solution segment
accounted for the largest market share and was valued at USD 1.41 billion
in 2019, owing to the growing demand for a solution that could provide
mobile device management, mobile security, and mobile application
management capabilities
- The large enterprise segment
held the largest revenue share of over 75% in 2019 owing to the rise in
adoption of BYOD policies, increased cloud-based deployments, and the
presence of a higher number of endpoints along with the need to comply
with the stringent changing regulations
- The healthcare vertical is
estimated to emerge as the fastest-growing segment with a CAGR of 35.3%
over the forecast period, owing to the growing adoption of the IoT devices
and the increasing investments in IT technologies
- North America was the
largest regional market, accounting for over 41% of the overall revenue
share in 2019 and is estimated to dominate the market over the forecast
period
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Unified Endpoint
Management Market Segmentation
For the purpose of this study,
Grand View Research has segmented the global unified endpoint management market
on the basis of component, organization size, vertical, and region:
Unified Endpoint
Management Component Outlook (Revenue, USD Million, 2016 - 2027)
- Solutions
- Services
Unified Endpoint Management
Organization Size Outlook (Revenue, USD Million, 2016 - 2027)
- SMEs
- Large Enterprises
Unified Endpoint
Management Vertical Outlook (Revenue, USD Million, 2016 - 2027)
- BFSI
- Telecom & IT
- Retail
- Government/Defense
- Healthcare
- Manufacturing
- Media & Entertainment
- Others
Unified Endpoint
Management Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
List of Key Players
of Unified Endpoint Management Market
- 42Gears Mobility Systems Pvt
Ltd.
- BlackBerry Limited
- Citrix Systems, Inc.
- IBM
- Matrix42 AG
- Microsoft
- MOBILEIRON, INC.
- Sophos Ltd.
- SOTI Inc.
- Zoho Corp
- Ivanti
- VMware, Inc.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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