The mobile device management market is anticipated to exceed $5 billion by 2021, according to Zion Market Research. Zion indicates the market ended 2015 with an overall value of $1.35 billion and will reach $5.15 billion by the end of 2021, growing at a CAGR of 25 percent.
The MDM market is comprised of outsourced mobile solutions including device management, data security management, network service management and application management. These solutions are popular amongst companies and institutions of all sizes in a variety of sectors, including education, financial services, healthcare, retail and manufacturing.
The need for reputable MDM services will continue to rise during the next five years as more enterprises implement BYOD policies and rely on smartphones and tablets as primary computing devices.