(Newswire.net — November 23, 2022) —
Unified endpoint management (UEM) highlights the information technology (IT) pain points of managing modern enterprises’ diverse mobile devices and endpoints. UEM solution encompasses the device fragmentation in an organization and offers quick solutions for provisioning, deployment, tracking, updates, and security.
The growing proliferation of smartphones & internet of things (IoT) devices, the rapid growth of IT footprints in organizations, rising cyber threats among organizations, compliance regulations, and the need for integrated UEM solutions primarily drive the growth of the global unified endpoint management market.
Digitalization of various processes allows businesses worldwide to transform their business models and existing processes to enhance operational efficiency and increase revenue. In the last few years, the emergence of smart devices and the adoption of IoT, cloud computing, and artificial intelligence (AI) technologies have led to the advent of smart workplaces. Increased demand for end-to-end business process optimization, high operational efficiency, and the rising need to reduce human errors are the key factors driving digital transformation in various industries. For the past few years, UEM has been gaining popularity among enterprises, allowing them to virtualize the entire workspace to attain higher efficiencies at lower costs. Solutions such as UEM and Desktop-as-a-Service (DaaS) enable the IT and telecom, government and defense, education, BFSI, healthcare, research, and manufacturing sectors to offer feature-rich apps & provide better user experiences.
The services segment is likely to dominate the market during the forecast period
On the basis of components, the unified endpoint management market is bifurcated into solutions and services. The services segment is projected to grow at a higher CAGR during the forecast period. The projected growth of the services segment is attributed to the need for adequate training and support services following the deployment of UEM solutions to ensure effective endpoint management.
The SMEs segment is likely to dominate the market during the forecast period
Based on organizational size, the unified endpoint management market is further bifurcated into SMEs and large enterprises. The SMEs segment of the unified endpoint management market is projected to grow at a higher CAGR than the large enterprises’ segment during the forecast period. This growth can be attributed to SMEs’ increasing adoption of UEM solutions to reduce operational costs and enhance enterprise security.
The IT and telecom segment is likely to hold the major share of the market
On the basis of end user, the unified endpoint management market is further segmented into BFSI, government and defense, healthcare, IT and telecom, automotive and transportation, retail, manufacturing, and others. The IT and telecom segment led the market in 2021. Unified endpoint management solutions assist telecom companies in configuring telecom plans with messaging, data, and voice service limits.
Market Restraints and Challenges
The availability of open-source software is acting as a restraining factor for the Unified Endpoint Management market. Obtaining open-source software to replace a software package being paid for can be extremely beneficial for any company. Most open-source software products are distributed freely, making them very cost-effective. Similar to closed proprietary software, open source software can be altered and extended by any developer familiar with the source code. Enterprises using open-source software would no longer need to worry about licenses. Moreover, open-source software enables them to install it several times and use it anywhere. Enterprises will be free from tracking, monitoring, or counting license compliance. Thus, the availability of open-source software acts as a restraining factor for the global unified endpoint management market.
Competitive Landscape
The key players studied in the global unified endpoint management market are 42Gears Mobility Systems Private Limited (India), BlackBerry Limited (Canada), Matrix42 AG (Germany), Ivanti (US), Citrix Systems, Inc. (US), IBM Corporation (US), Microsoft Corporation (US), Scalefusion (ProMobi Technologies) (India), VMware, Inc. (US), and Zoho Corporation Pvt. Ltd. (India).