As per the latest report by Reports and Data, the global Managed Mobility Services Market was valued at USD 19.40 billion in 2021 and is expected to grow at a CAGR of 27.3% during the forecast period.

The COVID-19 pandemic has led to an increase in the adoption of BYOD policies as employees are using their personal devices for work. This shift is expected to result in cost-effective mobility services for employees. Additionally, the growing reliance of IT companies on emerging technologies such as IoT is driving revenue growth in the market. With government regulations promoting remote work and telecommuting, there is a growing demand for MMS to support remote working scenarios, outsourcing, and web-based corporate training. Studies show that organizations implementing BYOD policies save around $350 per employee annually compared to those that don't. Similarly, IoT integration saves approximately $510 per employee, while the use of managed mobility services helps reduce costs.The report highlights that device management accounted for the largest share of revenue in 2021, driven by the increasing use of mobile devices by businesses and specific regulations such as HIPAA for healthcare to protect consumer data privacy.

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Some Key Highlights from the Report:

• In 2021, the device management segment held the largest share of revenue in the managed mobility services market. This segment covers device and system management, procurement and logistics management, and mobile services management. The increasing use of mobile devices by businesses and specific regulations such as HIPAA have led to the development of MMS solutions that comply with these standards. Organizations use MMS to manage enterprise mobility and maintain enterprise information security, making device management a popular aspect of MMS.
• Kocho, a UK-based cybersecurity, cloud transformation, managed services, and identity provider, announced on October 3, 2022, that it had acquired Mobliciti, a managed services provider based in Surrey. The acquisition aims to provide wireless connectivity solutions and enterprise mobility expertise. Customers will benefit from strategic mobile management and security features as a result of the deal.
• On July 6, 2020, Advantix, a leading provider of lifecycle management solutions for wireless and fixed communications, announced that TeraNova, one of its fastest-growing IoT and mobility providers, had acquired and announced its mobility management practice. The acquisition aims to integrate several systems to help channel partners implement IoT and mobility solutions. Both companies will continue to work according to their respective areas of expertise.

Major players in the market include:

IBM Corporation, Wipro, Orange, ATT Intellectual Property, Fujitsu, Deutsche Telekom AG, Hewlett Packard Enterprise Development LP, Telefónica S.A., Vodafone Group Plc., and Microsoft.

Driving factors:

• Increasing adoption of Bring Your Own Device (BYOD) policies by organizations.
• Growing demand for cost-effective enterprise mobility solutions.
• The emergence of Internet of Things (IoT) and other emerging technologies.
• Government regulations promoting telecommuting and remote working.
• Rising trend of outsourcing business activities.
• Web-based corporate training and self-directed learning scenarios.

Restraints:

• Concerns over data security and privacy.
• The high cost of implementing MMS solutions.
• Lack of awareness among small and medium-sized businesses about the benefits of MMS.
• Resistance from employees towards adopting new technologies and processes.
• Integration challenges with legacy systems and processes.
• Lack of standardization in the MMS market.

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