Unified Endpoint Management (UEM) market -Share, Growth, Trends, Covid-19 Impact, And Forecast (2020- 2027)
Market Overview
According
to the Market Research Future report, the Global UEM
Market 2020
is anticipated to considerably rise through the forecast period and secure a
sizeable market value of USD 9.67 billion by 2027, at a healthy 37.48% CAGR in
the forecast period.
Drivers and Restraints
One of the main factors driving UEM market growth is the need
for single unified endpoint management (UEM) program to serve both conventional
and non-traditional endpoints. In addition, the need for data security in
industries as well as the increasing possession of cell phones among the
working population are two of the primary reasons that drive this industry's
growth. The prevalence of cloud-based technology and the rising e-commerce
& e-banking phenomenon in the industry are important factors that help
business growth. In addition, to create lucrative growth prospects for UEM
vendors, the introduction of next-gen technologies, including IoT platforms and
smart wearables, into almost any vertical is expected in the assessment period.
At the other hand, high costs associated with the deployment of
UEM and lack of awareness about the advantages of the same would hinder market
growth for unified endpoint management (UEM) in companies.
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Segmental overview
The unified endpoint management market is analyzed based on type,
region size of the organization, and vertical.
The UEM market is categorized in solutions and services, based on
the type. Between these, the Unified Endpoint Management (UEM) market segment
of Services is expected to register the highest cagr over the review period,
than the Solutions segment.
Based on the organization size, the UEM market is segmented into
large enterprises and SMEs.
Based on the vertical, the UEM market is segmented into BFSI, retail,
government & defence, healthcare, telecommunication & IT,
manufacturing, logistics & transportation, automotive and others. BFSI
companies incorporate technology such as mobile banking and allow customers to
get better services through smartphones.
Regional Analysis
The global unified endpoint management (UEM) industry regional
analysis has been performed in four main regions, including North America,
Latin America, Asia Pacific, Middle East, Europe, and Africa.
Due to the widespread existence of IoT, it is expected that North
America will lead the unified endpoint management market and will bring your
own (BYOD) solutions to that region. Hence, growth in demand in North America
is expected to be affected by the need to protect data that is stored in the
cloud and shared through networks. Europe is best suited to North America, as
different business verticals like BFSI adopt the BYOD model in order to
decrease their operating costs, thus contributing towards the region’s growth. European businesses are proactively implementing consolidated
endpoint management strategies to achieve comparative edge and differentiate
themselves from their rivals which is another key force in the unified endpoint
management sector. Asia-Pacific is estimated to be the fastest-growing region,
as the convergence concept is spread through many vertical lines. Moreover, the concept of mobility is gradually being
implemented across various organizations in the region, consequently boosting
the market growth.
Competitive Study
The foremost market players operating in the global unified
endpoint management (UEM) market as recognized by MRFR are VMware, Inc. (US),
CA Technologies (US), Sophos Ltd. (UK), Ivanti (US), SOTI Inc. (Canada),
MobileIron (US), Citrix Systems, Inc. (the US), BlackBerry Limited (Canada),
and Jamf (US) and others.
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