Enterprise Mobility Security Market Size (2024 - 2029)

Enterprise Mobility Security Market Analysis

The Enterprise Mobility Security Market size is estimated at USD 1.21 billion in 2024, and is expected to reach USD 2.10 billion by 2029, growing at a CAGR of 11.70% during the forecast period (2024-2029).

Enterprise mobility or business mobility is recognized as the growing trend among businesses to offer remote working options, which also allows the use of personal mobile/laptop devices for business purposes and makes efficient and effective use of cloud technology for data access.

• The enterprise's adoption of cloud-based services has been a massive enabler for vendors, as this provides the flexibility of delivering solutions that can be offered based on the number of users and can also be updated without disrupting the services while doing so. Since these solutions are difficult to switch from one solution provider to another, the competition in getting new customers is high. It requires a considerable amount of time and money to create an infrastructure that can be supported.
• The vendors in the market studied offer cross-platform support for their solutions to address the need of enterprises to support multiple device types used by their employees. Android, Windows, iOS, macOS, and Samsung Knox are a few such platforms that are supported. The EMS can provide secure business productivity by providing either or all these services, such as a unified launcher to access all apps, secure browser, email, calendar, contacts or cards, separate corporate identity on personal devices, secure instant messaging, secure notes, and access to cloud-stored files.
• In a modern workspace, where bring-your-own-device (BYOD) and mobility scenarios are gaining increased significance, EMS helps IT administrators meet the challenges of data protection and risk management. Additionally, the introduction of 5G is expected to shape the landscape of enterprise mobility further. This is because 5G will be able to make remote work faster and easier. It will provide a more reliable experience and will also offer businesses and their employees greater flexibility.
• Market vendors face challenges in the market as multiple enterprises have legacy OS still functional in their enterprises. Such challenges make it necessary for the market players to provide support for older versions of OS as a one-time switch cost to a new platform, making it a complicated option for multiple vendors to offer solutions with minimum price.
• The spread of COVID-19 increased the demand for EMS solutions. According to Owl Labs, about 16% of global companies are fully remote, whereas 40% offer in-office and remote work, which is in line with what most employees prefer. This number is expected to increase soon as companies embrace the work-from-home culture.

Enterprise Mobility Security Industry Segmentation

Enterprise mobility security (EMS) addresses the need for securing the devices while providing greater agility brought on by a shift from the traditional central office business model among enterprises.

The Enterprise Mobility Security Market can be segmented by Device (Smartphones, Laptops, Tablets), End-user Industry (Banking/Insurance, Healthcare, IT and Telecom, Government), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in value (USD million) for all the above segments.

The Enterprise Mobility Security market is expected to grow at a CAGR of 33.8 % during the forecast period.