PUBLISHER: The Business Research Company | PRODUCT CODE: 1392946
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392946
“Unified Endpoint Management Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on unified endpoint management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for unified endpoint management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The unified endpoint management market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Unified endpoint management (UEM) constitutes an architecture and strategy for overseeing diverse device types, encompassing computers, smartphones, and IoT devices, all managed from a centralized command point. Through a comprehensive solution, UEM securely handles all endpoints within an organization. These tools prove invaluable in helping organizations navigate the expanding array of end-user and Internet of Things needs, ensuring continuous visibility and control across their endpoint environments from a unified platform. This scope extends to the management, security, and identity aspects of mobile devices and laptops, covering devices like mobile phones, tablets, wearables, and IoT devices.
The key components of unified endpoint management consist of solutions and services. The services here are intangible elements within the economy. They cater to various organization sizes, including large enterprises and small to medium enterprises, offering deployment modes like cloud-based and on-premise. Unified endpoint management finds application in diverse sectors, such as banking and financial services (BFSI), healthcare, retail and consumer goods, IT and telecom, government, media and entertainment, among others.
The unified endpoint management market research report is one of a series of new reports from The Business Research Company that provides unified endpoint management market statistics, including unified endpoint management industry global market size, regional shares, competitors with a unified endpoint management market share, detailed unified endpoint management market segments, market trends and opportunities, and any further data you may need to thrive in the unified endpoint management industry. This unified endpoint management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The unified endpoint management market size has grown exponentially in recent years. It will grow from $10. 44 billion in 2023 to $13. 61 billion in 2024 at a compound annual growth rate (CAGR) of 30. 3%. The growth observed in the historical period can be ascribed to factors such as the proliferation of devices, heightened security concerns, the prevalence of remote work trends, considerations of employee productivity, and the necessity to meet compliance requirements.
The unified endpoint management market size is expected to see exponential growth in the next few years. It will grow to $40. 36 billion in 2028 at a compound annual growth rate (CAGR) of 31. 2%. The anticipated growth in the forecast period can be linked to the evolving threat landscape and the continued prevalence of remote work. Noteworthy trends expected in this period encompass technological advancements, increased applications in research, AI and automation, the adoption of the zero-trust security model, integration of IoT, and the widespread acceptance of cloud computing.
The growth of the unified endpoint management market is being propelled by the escalating threat of cyber attacks. Cybercriminals utilize one or more computers in these attacks to target multiple computers or networks. Organizations are increasingly turning to unified endpoint management to safeguard all devices and services connected to a network from cyber threats. In May 2023, UK Finance reported that authorized fraud losses due to cyber attacks reached £485. 2 million ($616 million), with 207,372 total cases in 2022, reflecting a 6% increase compared to 2021. Consequently, the surge in cyber threats is anticipated to drive the unified endpoint management market.
The expansion of remote working is a significant factor contributing to the growth of the unified endpoint management market. Remote working allows employees to work from home or any location outside their employer's office. The shift towards remote and hybrid work environments has increased the demand for UEM solutions to manage and secure diverse endpoint devices, ensuring seamless connectivity and productivity. According to a February 2022 study by AT&T, the adoption of a hybrid work model is projected to increase from 42% in 2021 to 81% in 2024. Hence, the adoption of remote working is set to propel the unified endpoint management market.
A prominent trend in the unified endpoint management market is the adoption of technological advancements. Leading companies in the sector are actively pursuing new technological solutions to meet consumer demands and strengthen their market position. In May 2022, Syxsense, a US-based IT and security management company, introduced Syxsense Enterprise, a cloud-based unified endpoint management platform designed for endpoint remediation and real-time vulnerability monitoring. Technological innovation remains a key focus for major companies operating in the unified endpoint management market, aiming to gain a competitive edge.
Major players in the unified endpoint management market are introducing advanced products, such as the Intune Suite for enterprise-scale applications. The Intune Suite, launched by Microsoft Corporation in March 2023, is a comprehensive collection of tools and capabilities for IT and security professionals. It offers advanced endpoint management, analytics, specialized device and app management, and features like Remote Help, Endpoint Privilege Management, and cloud certificate management. Microsoft's Intune Suite addresses existing gaps in endpoint management and security solutions, emphasizing cutting-edge features.
In November 2021, Unisys Corporation, a US-based IT solutions company, acquired Mobinergy for an undisclosed amount. This strategic acquisition enables Unisys Corporation to enhance its core solutions and expand its global UEM business by leveraging Mobinergy's expertise. Mobinergy, a France-based consulting firm specializing in Unified Endpoint Management (UEM), aligns with Unisys Corporation's goals for growth and innovation in the UEM sector.
Major companies operating in the in the unified endpoint management market report are 42Gears Mobility Systems Pvt Ltd, BlackBerry Limited, Citrix Systems Inc, International Business Machines Corporation, Matrix42 AG, Microsoft Corporation, MobileIron Inc, Sophos Group plc, Soti Inc., Zoho Corporation, Ivanti Inc., VMware Inc., Lenovo Group Limited, NortonLifeLock Inc., NextLabs Inc., Broadcom Inc., Absolute Software Corporation, Amtel Inc., Baramundi Software AG, Cisco Systems Inc., Codeproof Technologies Inc., Comodo Group Inc., Dell Technologies Inc., FancyFon Software Ltd., Google LLC, Hexnode Technologies Inc., Jamf Inc., Kaseya Limited, Micro Focus International plc, Miradore Ltd., NetSupport Ltd., Quest Software Inc., Snow Software AB, Symantec Corporation
North America was the largest region in the unified endpoint management market in 2023. The regions covered in the unified endpoint management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the unified endpoint management market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The unified endpoint management market includes revenues earned by entities by providing solutions, such as endpoint management software, mobile application management (MAM) software, mobile device management (MDM) software, patch management software, and related services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.