Global Unified Endpoint Management Market Ascends at a Healthy CAGR of 31.45 %

The implementation of mobile device management application programming interfaces (APIs) in desktop and mobile operating systems is the fundamental building block for unified endpoint management. As a result of this, it has come to our attention that most vendors promote unified endpoint management as a capability that is included in their more comprehensive corporate mobility management software suites.

Initially, unified endpoint management solutions were developed to provide one point of access to all endpoints and, at the same time, to provide a business-centric approach to enterprise mobility management solutions. This was accomplished by combining the capabilities of traditional endpoint management solutions and mobility management solutions.

The expansion of the unified endpoint management market is being driven by a rising demand to manage a rapidly expanding number of mobile devices, including traditional and non-traditional mobile devices. The deployment of unified endpoint management systems that enable smart endpoint security and compliance in addition to support for a broad variety of endpoints presents a number of options for businesses.

Market Dynamics

Mobile device usage within the workforce is increasing

The widespread use of mobile phones and gadgets connected to the Internet of Things has resulted in an increased demand for comprehensive solutions that can manage all endpoints inside an enterprise. Because of remote work, employees are required to work from any location, which raises the possibility of security breaches such as ARP spoofing, DNS hijacking, MITM attacks, and the sniffing of company and customer data. It is anticipated that the need for Unified Endpoint Management (UEM) solutions, which can protect and manage each device, would expand as a result of such security concerns. 

Growing significance of data security and the requirement for a single solution to manage an expanding number of traditional and non-traditional data points would drive the market for UEM. Because of the growing popularity of the Bring Your Own Device (BYOD) movement, businesses have been forced to use unified endpoint management (UEM) solutions in order to protect sensitive data and prevent cyberattacks on endpoint devices.

Some of the key reasons that are anticipated to fuel the growth of the UEM market include the rising trend of Bring Your Own Device (BYOD), Choose Your Own Device (CYOD), and Internet of Things (IoT). The trends have resulted in an increase in the number of IT devices, both private and corporate, which has resulted in the need for a unified solution to assist IT admins in managing workflow and access across these devices. This need was created as a direct result of the increase in the number of IT devices. It is anticipated that the number of endpoint devices will continue to rise, and that a significant volume of data will be shared across these devices over private and corporate networks. This will likely result in an increased likelihood of cyberattacks.

It is anticipated that the expansion of the use of cloud-based solutions and the rise in the utilisation of the Internet of Things would present lucrative opportunities for the expansion of the unified endpoint management market.

Regional Overview of Unified Endpoint Management Market

Among the other areas, North America had the highest revenue share of 42 percent in 2019. Furthermore, it is predicted that the region would dominate the market throughout the projection period. One element driving the regional market is the increasing investment by firms in modern technology to streamline their operations. Furthermore, the existence of a significant number of UEM suppliers, as well as their ongoing efforts to provide security solutions while delivering high-quality endpoint management capabilities, drives the regional market.

One of the primary reasons for the UEM solution's widespread adoption has been its early availability and adoption across the North American area. Furthermore, the large number of IT and capital markets, as well as their diverse companies, necessitate efficient administration of endpoint devices, which has contributed to market expansion in this area.

Key Highlights

• The market for Unified Endpoint Management globally was valued at USD 2.69 billion in 2019 and is expected to reach USD 15.18 billion in 2028 expanding at a compound annual growth rate (CAGR) of 31.27 from 2020 to 2027. 
• Mobile device usage within the workforce is increasing which will boost the market growth.
• Increasing importance of data security will also drive the market growth.
• Expansion of the use of cloud-based solutions and the rise in the utilisation of the Internet of Things would present lucrative opportunities for the expansion of the unified endpoint management market.
• The market for unified endpoint management market is segmented into the following categories: Component, Organization Size, Vertical and Region.
• In 2019, the solution component was the most important part of the unified endpoint management market, accounting for more than 51 percent of the industry's total revenue.
• In 2019, the category that was most important was the big enterprise one, which was responsible for more than 74 percent of the total revenue share.
• In 2019, the IT and telecom vertical had the highest revenue share of more than 26 percent.
• North America had the most revenue share of 42 percent in 2019. Furthermore, it is predicted that the region would dominate the market throughout the projection period.

Market Segments

Segmentation of Unified Endpoint Management Market

By Component

• Solutions
• Services

By organization size

• SMEs
• Large Enterprises

By Vertical

• Banking, Financial Services & Insurance (BFSI)
• Telecommunication & IT
• Consumer Goods & Retail
• Government & Defense
• Healthcare
• Manufacturing
• Transportation & Logistics
• Automotive
• Others (Education and Energy & Utility)

By region

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East