The CAGR for the global unified endpoint management market should be 32.00%.The UEM market value was USD 1.43 billion in 2017. It is projected to be USD 47.3 Billion by 2030.
Unified endpoint management is used heavily when manufacturing digital and mobile devices. It helps these devices manage the many apps, programs, and software that power them and allow them to function in a seamless manner.
UEM is invaluable for mobile devices because it ensures that their mobile device management and application program interfaces sync and work in tandem. It also makes cloud-based technologies function as designed by allowing people to access information and data on digital and mobile devices from remote locations.
Unified endpoint management makes it easier for companies to manage their digital and mobile devices effectively, efficiently, and with much less manpower. It also keeps the data and information (some of which may be patient and client-sensitive information and data) from falling into the wrong hands.
This is the reason why many companies have recently been gravitating towards using UEM to ensure that their IT and business operations sync and work in complete harmony.
COVID-19 is a peculiar new virus that has largely perplexed research, public health officials, and government officials around the world. It can be deadly and this is part of what makes it so feared. The virus can also mutate into different strains, the most recent being the Delta and Omicron variants. These variants are often much more dangerous and deadly than the previous variants were.
Governments realized that COVID-19 was not a virus that could or should be taken lightly. They attempted to control the spread of the virus early on by imposing lockdowns and quarantines. These were temporary since their observed effects did not yield a lot of positive data. In any case, the effects of these on most businesses in most industries around the world were devastating and long term.
Many businesses were forced to either scale back operations or even halt production, at least temporarily. Some businesses were even forced to close their doors permanently. In any case, the exact opposite was true for companies in the global UEM market. These companies found that remote working actually increased the demand for these tools, especially for mobile devices.
The growing complexity of digital devices and the fact that the world is rapidly hurtling towards the digital era has increased the demand for tools that can manage traditional and new mobile and digital devices. These tools are also increasingly used to manage wearable technologies. These have been major growth drivers in the global unified endpoint management market.
Other key factors that are driving growth are the fact that new technologies also present hackers with many more opportunities to illegally access the data that they (technologies) contain. Unified endpoint management systems protect the data and information in these digital and mobile devices. Also, more people around the world use apps on their mobile devices for work. These must be managed by a tool that will allow them to sync. Unified endpoint management is such a tool.
Companies in the global unified endpoint management market have been enticed by the fact that the growing popularity of remote working has led to an increased need for unified endpoint management tools and systems. Thus, they have been investing heavily in research and development to try to develop new generations of these tools that will allow various digital and mobile devices to sync and work together seamlessly. These tools will also protect the integrity of the information and data on these devices much better.
Many companies in many industries around the world are still ignorant regarding the benefits of unified endpoint management tools. Thus, they are not using them. This is a major factor that’s restraining growth in the market. Another major restraining factor is the fact that these systems and tools are extremely expensive to use. Therefore, only large companies can currently afford to use them.
The biggest challenges that companies in the unified endpoint management market face lie in educating more companies regarding the benefits of these systems and tools. These manufacturers will also have to figure out how to develop and market unified endpoint management tools that most companies around the world can easily afford and use.
The global unified endpoint management market is expected to expand at a CAGR of 37.48%. In 2017, UEM had a market cap of $1.43 billion. It is expected to reach $9.67 billion in 2023.
Mobiletron is a major American player in the global unified endpoint management market. It is one of the unified endpoint management market top leaders because it invested heavily in research and development. Thus, the company was able to market those new generations of tools and systems that allowed it to justify charging more for its brands. It was also able to create a sustainable competitive advantage.
By Type
This segment of unified endpoint management market can be broken down into the following sub-segments:
Cloud-based network management solutions are expected to enjoy a high CAGR for the time period that this report covers. In fact, its CAGR is projected to be 17.6% from 2021 to 2026. Many companies in a variety of industries ranging from IT to healthcare are now using the cloud because it’s scalable, flexible, and improves worker productivity dramatically.
By Organization Size
This segment of unified endpoint management market can be broken down into the following sub-segments:
Large enterprises held the lion’s share of the market in this segment at 66.4% as of 2020. They need these types of tools and systems since they are always generating and storing large amounts of data and information.
Unified endpoint management systems and tools also help keep the mobile devices in their organizations secure from cyberattacks and hackers.
Most unified endpoint management systems and tools are based in the cloud. Larger organizations need these because of the immense flexibility, scalability, efficiency, and speed that they offer their users.
By Vertical
This segment of unified endpoint management market can be broken down into the following sub-segments:
Unified Endpoint Management Market Regional analysis
The global unified endpoint management market can be grouped into the following regions:
The North American region is expected to enjoy the largest market share. It’s also expected to register one of the highest regional CAGR’s in the world at 12.6% from 2021 to 2026. The reasons for this are that companies in this region are adopting many of the technologies that unified endpoint management tools support. These include the Internet of Things (IoT) and bring your own solutions. These tools also support cloud and mobile-based services. These are exactly the types of services that most companies in the North American region are using.
The European Union enjoys the second-largest market share. The reason for this is that many industries like BFSI are using bring your own solutions in terms of devices. They find that this lowers their overall IT expenditures.
The Asia-Pacific region is expected to register the highest CAGR for the time period that this report covers. The reason is that more companies are allowing workers to use mobile devices to work. More workers are also being allowed to work remotely.
The global unified endpoint management market is extremely competitive because it has a high CAGR and is fairly lucrative. Thus, many companies, especially those with bigger treasuries are being lured into the market. There may be some barriers to entry but this is not a big obstacle for larger companies. Interestingly enough, the highly competitive nature of the market also makes it extremely fragmented.
Companies in the global unified endpoint management market find that mergers and acquisitions with other successful companies help them create the sustainable competitive advantage that they need to remain financially and economically profitable and viable. They find that they increase the resources that they need to do quality product development through good research and development. They are also in a much better financial position to market these new brands in new and existing markets.
Strategic partnerships with other successful companies in the industry accomplish the same thing that mergers and acquisitions with these types of companies do.
IBM Corporation is a major American player in the global UEM market. It is one of the global unified endpoint management market top leaders because it invested heavily in research and development. Thus, it was able to develop and market those products that would allow it to sell them at a higher price point in new and existing markets and create a sustainable competitive advantage.
2023 started with U.S. software company Ivanti expanding its strategic partnership with Lookout, which is a cloud security platform. This extension introduces Lookout Mobile Endpoint Security into the Ivanti Neurons automation platform. It’s an add-on to Ivanti Neurons for UEM, which is cloud-based and seamlessly blended. The new add-on is completely embedded in the existing UEM client so that customers can activate it without disturbing their end-users.
IBM released the QRadar Security Suite in April 2023 to accelerate the identification and eradication of potential threats. This advanced security suite is aimed at streamlining and expediting the overall experience of security analysts throughout the entire incident lifecycle. Organizations are able to use automation, many machine learning algorithms, and behavioral models that harden them against unknown zero-day vulnerabilities targeting endpoints by doing this. The suite picks up on unusual patterns of behavior and promptly responds to attacks in near real-time.
On January 2023, the IT management division of Zoho Group called ManageEngine revealed that it will pursue a course leading to two data centres in Canada; thus, establishing Canadian presence and at the same time giving local businesses the opportunity to keep and process their data in the country. Moreover, the announcement seeks to encourage on-premises customers who might want to move to cloud.
By June 2024, the Zero Trust security concept had gained momentum, requiring continuous verification for access control regardless of device or user (specific developments might be spread throughout the year). In support of this approach, features are being integrated into UEM solutions.
In January 2023, Vmware declared about the acquisition of AirWatch, one of the top mobile device UEM solutions. VMware extended into mobile strategically by acquiring AirWatch because it is a leading provider of UEM solutions that enable companies to oversee and protect their mobile gadgets.
The CAGR for the global unified endpoint management market should be 37.48%. The UEM market value was USD 1.43 billion in 2017. It is projected to be USD 9.67 billion by 2030.
The North American market has the largest market share and one of the highest CAGRs in the world because most companies are using unified endpoint management systems. The Asia-Pacific region has the highest CAGR because companies in this region are allowing more workers to work remotely and work using mobile devices.
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 47.3 Billion (2030) |
| CAGR | 32.00% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Type, Organization Size |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | VMware, Inc. (US), Microsoft Corporation (US), IBM Corporation (US), MobileIron (US), BlackBerry Limited (Canada), Citrix Systems, Inc. (US), Ivanti (US), Sophos Ltd. (UK), SOTI Inc. (Canada) and Jamf (US) |
| Key Market Opportunities | High cost associated with UEM deployment and lack of awareness across the enterprises regarding the benefits of the same may limit the growth of this market. |
| Key Market Drivers | The need for single unified endpoint management (UEM) solution to manage traditional as well as non-traditional endpoints is one of the many factors driving the growth of the UEM market. |
Frequently Asked Questions (FAQ) :
USD 1.43 billion in 2017 to USD 47.3 Billion billion in 2030.
● BlackBerry Limited (Canada), ● MobileIron (US), ● Sophos Ltd. (UK), ● Citrix Systems, Inc. (US), and ● Ivanti (US)
● Manufacturing ● Healthcare ● Transportation and logistics ● Automotive
The North American region is followed by the European Union and then by the Asia-Pacific region.
The report covers CAGR value of 32.00%
Unified endpoint management makes it easier for companies to manage their digital and mobile devices effectively, efficiently, and with much less manpower.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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