The Business Mobility Market Will Reach 353.10 Billion Dollars In 2023

According to Research and Markets, the business mobility market is expected to experience a compound annual growth rate of 20.62% until 2023, reaching 353.10 billion dollars. The growing adoption of smart devices, the need to improve communication between staff and increase productivity and the trend towards automation will drive the demand for mobility solutions over the next five years.

Why Is The Business Mobility Market Growing?

Employees perform their daily activities with the help of mobile devices or accessing services in the cloud. Likewise, the need for employees to access secure data outside the organization is increasing more and more. Business mobility increases employee productivity while using their own devices, whether tablets, smartphones or laptops. According to the Research and Markets report, the key areas of application of business mobility will include customer relationship management, business resource planning, supply chain management, sales force automation, reservation of orders, billing service and field service and time management applications.

On the other hand, the consultancy Global Market Insights indicates that mobile devices are increasingly adopted due to several advantages, such as access to the Internet, personalized information and business data. It is required that companies manage mobile devices, workspace, mobile content and mobile applications to minimize the excess of information, applications and devices in companies. It is also expected that the increasing deployment of mobile applications will increase the need to control security, data and the version of the applications.

According to the consultant’s report, it is worth noting that potential growth opportunities for the business mobility management market include the increasing adoption of cloud-based technology and the growing trend of BYOD.

What Management Tools Increase Security?

According to Global Market Insights, management tools such as Mobile Application Management (MAM), Mobile Information Management (MIM) and Mobile Device Management (MDM) help strengthen the security of business mobility solutions. Mobile Application Management (MAM) controls the applications that are needed; Mobile Information Management (MIM) assigns only approved applications to access and transmit corporate data; and Mobile Device Management (MDM) can block mobile devices.

With the increasing adoption of these technologies, providers have begun to customize themselves by adding MIM or MAM features to MDM. These solutions are crucial, since many workers work from home and / or need to travel regularly on business issues. In addition, they offer a flexible and complete mobile enablement solution that firmly manages tablets and smartphones.

Future Challenges Of The Business Mobility Market

The telecommunications and IT sector is expected to face challenges related to moving from a browser to the use of native applications, as well as introducing a set of mobile devices in which it will be necessary to increase security measures by the organizations. In addition, the change of applications to the cloud environment and access with the help of mobile devices is likely to increase demand. Thanks to enterprise mobility solutions, organizations can improve their decision-making skills, operational efficiency with the help of real-time data and remote access to corporate resources such as systems, content management and applications.