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Cloud Communication Services: Fastest Growing Segment Fueling The Growth Of Managed Mobility Services Market

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Lucy Kart
Cloud Communication Services: Fastest Growing Segment Fueling The Growth Of Managed Mobility Services Market

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 help organizations to deploy and manage various mobile communication devices, including smartphones, laptops, and tablets with built-in security and management capabilities. It offers services like mobile device management, mobile application management, and mobile content management to address organizations' endpoints, usage, ID and access, applications, and content requirements related to mobility.

Market key trends:

One of the key trends in the managed mobility services market is the rise of cloud communication and collaboration services. With the cloud revolution, most enterprises are relying on cloud-based communication platforms for their enterprise communication and collaboration needs. Cloud platforms provide a centralized and unified solution for managing employee endpoints, applications, contents, and identity from any location. It enables easy deployment of communication tools and mobility services across hybrid workforces through browser-based access. This has significantly increased the demand for managed cloud communication services among organizations.

Segment Analysis

Content: The managed mobility services market is segmented based on services, organization size, industry vertical and region. Based on services, managed mobility services support segment dominated the market in 2022. This is due to growing demand for managed mobility support services to reduce operational & maintenance costs and maximize uptime of mobility infrastructure & services across industries.

Key Takeaways

Global Managed Mobility Services Market Size is expected to witness high growth, exhibiting a CAGR of 25.8% over the forecast period, due to increasing adoption of BYOD and CYOD trends across organizations to enhance workforce productivity and work flexibility.

Regional analysis - North America region held the largest share of the market in 2022 owing to presence of major market players and growing adoption of digital transformation initiatives across verticals in the US and Canada. Asia Pacific region is expected to grow at the fastest CAGR during the forecast period due to growing digitalization and increasing penetration of smartphones and mobile devices in developing countries like China and India.

Key players operating in the managed mobility services market are AT&T Inc., Fujitsu Ltd., Kyndryl (IBM Corporation), Wipro Ltd, Orange SA, TelefÃ3nica SA, Samsung Electronics Co. Ltd, Hewlett-Packard, Vodafone Group PLC, Microsoft Corporation, Tech Mahindra. Key players are focused on mergers & acquisitions and new service launches to strengthen their portfolio and market share. For instance, in 2022 Kyndryl completed acquisition of professional and managed services of Hitachi Vantara to enhance its capabilities in digital services across industries.


Read More- https://www.newsstatix.com/managed-mobility-services-market-outlook-and-overview/

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