The global unified endpoint management (UEM) market size is anticipated to touch USD 23.98 billion by 2027, according to a new report by Million Insights. The market is projected to register more than 32.0% CAGR over the forecast years. The increasing popularity of trends such as Bring-Your-Own-Devices (BYOD), Choose Your Own Device (CYOD) and IoT is predicted to drive the market growth. These trends have led to the rise in the number of devices, as a result, need to efficiently manage these devices has increased. UEM helps in managing various devices through a central endpoint, thereby, gaining its popularity.
In the past few years, digitalization has made radical changes in the way business function. Owing to the increase in the hybrid device environment, organizations are increasingly focusing on updating their existing infrastructure, which in turn, is driving the adoption of unified endpoint management solutions. Further, large enterprises have increased their spending on IT solutions, which is estimated to positively affect market growth.
The recent outbreak of COVID-19 has further supplemented the demand for UEM solution as a large number of organizations have allowed their employees to work from home. In remote working, organizations find it challenging to manage the different devices and ensure effective collaboration. UEM, on the other hand, helps in centrally manage different devices and ensure effortless collaboration, thereby, gaining traction.
Telecom & IT sector is dominated the unified endpoint management market in 2019 owing to the complexity of IT infrastructure and increasing spending by companies to effectively manage their complex infrastructure and resources. The healthcare segment is anticipated to register the maximum growth owing to adoption of wearable devices and cloud-based solutions.
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Further key findings from the report suggest:
• In 2019, the solution segment was worth USD 1.41 billion due to the increasing demand for solutions that offer mobile security and mobile device management.
• The large enterprises accounted for more than 74.0% share in the market in 2019 due to the increasing adoption of BYOD and cloud-based solution.
• The healthcare segment is likely to register the maximum growth of over 35.0% from 2020 to 2027.
• In 2019, North America held more than 41.0% share in the market in 2019.
Million Insights 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)
Unified Endpoint Management Organization Size Outlook (Revenue, USD Million, 2016 - 2027)
• Large Enterprises
Unified Endpoint Management Vertical Outlook (Revenue, USD Million, 2016 - 2027)
• Telecom & IT
• Media & Entertainment
Unified Endpoint Management Regional Outlook (Revenue, USD Million, 2016 - 2027)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• Latin America
List of Key Players of Unified Endpoint Management Market
• 42Gears Mobility Systems Pvt Ltd.
• BlackBerry Limited
• Citrix Systems, Inc.
• Matrix42 AG
• MOBILEIRON, INC.
• Sophos Ltd.
• SOTI Inc.
• Zoho Corp
• VMware, Inc.