by 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 Overview:
Managed mobility services refer to services offered by the providers to manage mobile devices, wireless network and security policies of businesses. It involves managing the entire mobile lifecycle including procurement, access security, application management and support & maintenance. Managed mobility services help in streamlining workflows, saving costs and optimizing productivity by centralized mobile device administration and policy management. The increasing adoption of bring-your-own-device policy and rising demand for enterprise mobility are driving the growth of managed mobility services market.
Market key trends:
One of the key trends in the managed mobility services market is the growing adoption of cloud-based solutions. The cloud-based mobility solutions make resources scalable, flexible and remotely accessible. This allows businesses to shift their spending from capex to opex which reduces costs considerably. With work from anywhere gaining popularity, cloud-based mobility solutions also facilitate management of a dispersed workforce through centralized administration and security features. Another major trend is the increasing integration of advanced technologies like IoT, AI and predictive analytics with managed mobility services. This is empowering businesses to optimize field operations, streamline supply chains and enhance customer experiences through real-time mobile insights.
Porter’s Analysis
Threat of new entrants: Low as it requires huge capital investment and need to achieve scale and efficiency to compete effectively with existing players.
Bargaining power of buyers: Moderate as buyers have option to choose from multiple providers but switching cost and risk involved can limit bargaining power.
Bargaining power of suppliers: Low as suppliers have limited power due to availability of substitute components from other suppliers.
Threat of new substitutes: Low as managed mobility services act as strategic partner for seamless operations through centralized supervision and control of entire mobility infrastructure.
Competitive rivalry: High as market has presence of global and local players competing on service offerings, quality, relationships and pricing.
Key Takeaways
Global Managed Mobility Services Market Size is expected to witness high growth, exhibiting CAGR of 25% over the forecast period, due to increasing digitization across industries and rising need for centralized supervision and control of corporate mobility infrastructure. North America dominates the market currently due to early adoption of managed mobility services by enterprises followed by Europe and Asia Pacific.
Regionally, Asia Pacific is expected to witness fastest growth during the forecast period supported by rapid growth of digital technologies and increasing mobile workforce in countries like India, China and Japan. Enterprises are outsourcing deployment and management of mobility infrastructure to reduce cost and focus on core business operations.
Key players operating in the Managed Mobility Services are 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. Players are focusing on developing capabilities in emerging technologies like IoT, edge computing and AI analytics to improve service offerings and gain competitive edge.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
