The global unified endpoint management market size is expected to reach US$ 38,708.84 million by 2028, registering a CAGR of 32.6% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Rising Demand for Single Endpoint Management Solutions Across Industries to Drive Unified Endpoint Management Market during 2022–2028
The rise of smart consumer devices, the Internet of Things (IoT), business process automation, cloud computing, and artificial intelligence (AI) has led to the advent of smart workplaces. With the adoption of advanced technologies, competition is rising at an unprecedented rate across industries. Companies are striving to find solutions that help them achieve high operational efficiencies while reducing costs. Hence, the demand for advanced solutions such as unified endpoint management has been growing rapidly across IT & telecom, government & defense, healthcare, BFSI, education, and manufacturing sectors. The demand for a single and unified endpoint control, and the limitations of various other models, such as Mobile Device Management and Enterprise Mobility Management, are boosting the unified endpoint management market growth worldwide. The unified endpoint management solutions cover mobile and endpoint management through a single module, which results in high accuracy and security. They facilitate control, configuration, and monitoring of all devices, enabling updating and patching, pushing security policies, and simplifying the new device enrolment process, among other tasks. These factors are collectively driving the unified endpoint management market growth.
Unified Endpoint Management Market Share - by Geography, 2021
Unified Endpoint Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solutions and Services), Deployment Type (Cloud Based and On-Premise), Platform (Desktop and Mobile), Organization Size (SMEs and Large Enterprises), and End User (BFSI, Government and Defense, Healthcare, IT and Telecom, Automotive and Transportation, Retail, Manufacturing, and Others)
Unified Endpoint Management Market Size & Share | Report 2028
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Source: The Insight Partners Analysis
The APAC unified endpoint management market is further segmented into Australia, China, India, Japan, and South Korea. Asian countries are witnessing the rapid development of data protection and cybersecurity laws. With individuals indulging in new digital reality via mobile handsets and IoT, governments are moving toward digital identity programs and taking invasive approaches to electronic surveillance. In this respect, GDPR and data protection rules are gaining attention in the region. Large businesses and SMEs in Asia Pacific frequently embrace cloud-based solutions as cloud solutions help save money and resources. According to the 2021 CISCO Cybersecurity Series, countries in Asia Pacific often host a bigger percentage of their infrastructures in the cloud rather than on-premises. For instance, compared to global average of 9%, 16% of APAC based companies have between 80 and 100% hosted. Further, 52% of organizations in Asia Pacific countries find cloud deployment easy, while 50% of the organizations perceive cloud deployment of endpoint solutions as better in terms of data security. Such factors are contributing to the unified endpoint management market growth in the region.
The global unified endpoint management market ecosystem comprises the following stakeholders: technology developers, unified endpoint management (UEM) solution providers, system integrators, cloud service providers, and end users. The demand for unified endpoint management growing at an impressive pace owing to the rising adoption of these solutions in various end-user industries to replace various legacy endpoint management solutions. Technology developers play a crucial role in unified endpoint management market ecosystem as they continuously strive to be in line with end users’ requirements, software providers, and regulatory bodies to develop efficient solutions with the integration of the latest technologies, such as artificial intelligence. The rising demand for cloud-based solutions among SMEs is offering ample growth opportunities for unified endpoint management market players.
The unified endpoint management market is segmented on the basis of component, deployment type, platform, organization size, and end user. Based on component, the market is segmented into solutions and services. On the basis of deployment type, the unified endpoint management market is bifurcated into cloud based and on-premise. On the basis of platform, the unified endpoint management market is bifurcated into desktop and mobile. By organization size, the market has been segmented into SMEs and large enterprises. On the basis of end user, the unified endpoint management market has been segmented into BFSI, government and defense, healthcare, IT and telecom, automotive and transportation, retail, manufacturing, and others.
Ivanti; Citrix Systems, Inc.; IBM Corporation; Microsoft Corporation; Zoho Corporation Pvt. Ltd.; Microland Limited; Redpalm; Scalefusion; Stefanini; and Tangoe are among the key unified endpoint management market players profiled during this study. In addition, several other important market players were studied and analyzed to get a holistic view of the global market and its ecosystem.
The COVID-19 pandemic hampered businesses in major countries such as India, China, Australia, and Japan. Lockdown restrictions imposed by governments led to disruptions in numerous enterprises, manufacturing facilities, and retail operations. Although the budgets for the fiscal year 2020 were already allotted before the pandemic, the budgets for the third and fourth quarters were more focused on security services. As stated in the survey by FireEye, according to more than 200 chief information security officers (CISOs) and security coverage experts worldwide, crisis-inspired security measures were the top budget priorities in the Q3 and Q4 of 2020. Employees working from home are easy targets for cyber attackers. Therefore, the adoption of the work-from-home model among enterprises has raised concerns about cybersecurity. Many major and small businesses have increased their annual spending on cybersecurity-related products, which propelled the demand for endpoint management solutions. Thus, the COVID-19 pandemic has supported the unified endpoint management market growth in the last two years.
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