Zion Market Research reports the Mobile Device Management (MDM) market will reach $5.15 billion by 2021, growing at an overall CAGR of more than 25 percent.

The MDM market consists of different mobile solutions, including device management, application management, security management, network service management and other mobile function services.

The market’s growth is expected as a response to the growing popularity of BYOD policies in enterprises. More businesses are working with MDM solution providers to ensure devices are secure and efficiently managed during and after launch.