Enterprise Mobile Device Market Size, Share & Trends Analysis Report By Type (Smartphones, Laptops, Tablets, PC), By Industries (BFSI, Manufacturing, Telecom, Retail, Healthcare, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Market Overview

The global enterprise mobile device market size was valued at USD 22.69 billion in 2023. It is estimated to reach an expected value of USD 77.98 billion by 2032, registering a CAGR of 14.7% during the forecast period (2024-2032).

One of the key elements of enterprise mobility is enterprise mobile device management. IT administrators can secure and manage mobile devices like smartphones, tablets, and other mobile devices using this type of software solution. Following installation, it keeps track of each user's actions, including remotely locking or even wiping the device in the event of loss or theft. Over 60% of organizations, according to a 2016 Security Intelligence survey, permit employees to access company data on their devices. Due to the necessity of mobile devices in modern life, people's participation in societal and economic activities is constrained. The consumer can use various applications readily available on the market to pay bills, shop, and work remotely, in addition to effective communication.

The demand for EMM solutions has increased due to the growing mobile workforce and the adoption of BYOD policies by businesses to increase workforce productivity. These policies enable employees to work from any location, using any device to access corporate data while on the go. Mobile device management solutions are being implemented in regions due to the constant influx of new mobile devices.

Market Dynamics

Global Enterprise Mobile Device Market Drivers

Rapidly Increasing Competition in Business Outgrowth

Enterprise devices have been in use for the last few years. They are mostly seen to be used by large enterprises for providing better devices, software, and service support to vendors, suppliers, and other creditors. Cost savings, accounting system integration, and more resources, are some of the pros of enterprise devices through which better relations are maintained with the creditors, which helps companies and enterprises to stay ahead in the competition. Since the start of this decade, enterprise devices have been growing at a high pace with the competition in the businesses and application sectors. Rapidly increasing industry competition has boosted demand for highly effective enterprise devices with advanced features. Both product-based and service-based industries across the globe are taking advantage of the benefits of enterprise devices, driving the global enterprise devices market.

Rising Demand for Enterprise Devices Owing to its Benefits

With many benefits from enterprise devices, enterprises are shifting from handling them internally to outsourcing devices and software services. According to most of the case studies published to date, companies typically use devices and software outsourcing to improve productivity and add value to their businesses over a period of time. More resources, cost savings, fewer errors, more robust security, and faster results with better system integration are the accountable benefits of enterprise devices. Most of the cost savings from outsourcing enterprise devices result from avoiding overhead expenses such as hiring new staff and training employees. Automation and reporting tools are the processes that are optimized through devices and software. These benefits enterprise devices are in high demand across the globe.

Global Enterprise Mobile Device Market Restraint

Lack of System Integration and Security Concerns

Many companies across various industry verticals experience security issues which generally results in data breach and loss. Some companies also experience poor device management with different versions and devices. Moreover, Failure of such devices leads to a productivity loss of employees. Unnecessary apps conflict with corporate work, sometimes leading to unsecured networks' access. Due to all the aforementioned security concerns, IT teams who manage and configure diverse sets of devices experience a burden. These factors are expected to restrain the overall enterprise devices market across the globe.

Global Enterprise Mobile Device Market Opportunities

Increased Digitalisation across Industries

Organizations of all sizes are increasingly implementing digital solutions in their daily operations to increase functionality, streamline various business processes, and boost overall productivity. Additionally, businesses worldwide adopted work-from-home strategies to stop the spread of the infectious virus due to the Covid-19 virus's rapid spread, which drove demand for the market. Additionally, organizations are investing in enterprise mobility technology to improve their security features due to the increased focus on data security and management, which is anticipated to impact industry growth positively. Additionally, the market is driven by rapid technological developments like the incorporation of artificial intelligence and machine learning. These elements are anticipated to support market expansion during the anticipated period.

Regional Analysis

Based on region, the global enterprise mobile device market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

North America accounted for the largest market share and is estimated to grow at a CAGR of 13.8% during the forecast period. The mature state of the North American enterprise devices market is expected to become increasingly challenging for new entrants and existing players, too, for the new product launches resulting in modest growth. Technological advancements in the IoT industry, growing demand for enterprise devices owing to the expanding IT industry and banking sector, and high adoption of telehealth and telemedicine are expected to drive the North American enterprise devices market. With changing times, increasing demand for devices and a surge in demand are expected to support market growth further. The enterprise mobile devices market in the U.S. is likely to progress with a very healthy growth rate, mainly due to the increasing enterprise devices trend in the country. As enterprise devices find application in manufacturing, the growing demand for IoT manufacturing machinery is expected to drive the enterprise mobile devices market in both the U.S. & Canada. Moreover, the improvement of the Canadian economy and the rising corporate investments are expected to further increase the consumption of enterprise devices in the country, supporting the growth of the enterprise devices market. On top of this, local telecom companies collaborating at a higher rate are expected to fuel the growth rate of the overall North American enterprise devices market.

Europe is the second largest region. It is estimated to reach an expected USD 14,445 million by 2030, registering a CAGR of 14.5% during the forecast period. The BFSI, IT & telecommunications, telehealth & telemedicine, and automotive & transport industries have the most significant consumption rates for enterprise devices across Europe. The enterprise devices market in Europe is likely to witness substantial growth over the forecast period, owing to the increased spending on devices used at corporate places and the surge in the healthcare industry for advanced IoT medical devices. Growing awareness regarding the benefits of IoT-enabled devices in the manufacturing sector and their use in the modern-day healthcare system is expected to support the market growth for enterprise devices. The growing healthcare industry has further accelerated the demand for enterprise devices in France. A growing aging population, rising health concerns, continuous technological enhancements, and product innovations are expected to strengthen the demand for telehealth & telemedicine, driving the growth of the France enterprise devices market.

The Asia Pacific is the third largest region. The Asia Pacific represents the significantly growing enterprise devices market. Countries covered in this region include India, China, Japan, Indonesia, and others, which are considered the global hub for manufacturing for almost every sector, especially healthcare. Countries like India and China are expected to post a high growth rate in the enterprise devices market due to growing developmental activities and rapid economic expansion. In addition, the growing working population in these countries presents a considerable demand surge for devices such as laptops, smartphones, and tablets, which is expected to lead to the growth of the Asia Pacific enterprise devices market. China has a socialist market economy. The country is the largest consumer of technology and devices across the Asia Pacific. Manufacturing machinery is built up at a large scale in China and exported to several countries, where enterprise devices play a significant role. Factors such as the rising application array adopting enterprise devices are expected to boost the demand for enterprise devices. Key factors such as rising manufacturing activities, increased funding, and rising consumption of enterprise devices have contributed to the Asia Pacific enterprise devices market growth.

Segmental Analysis

The global enterprise mobile device market is segmented by type, industry, and region.

Based on type, the global enterprise mobility market is segmented into smartphones, laptops, tablets, and PC. The laptops segment accounted for the largest market share and is estimated to grow at a CAGR of 15.9% during the forecast period. Technologically advanced devices, including laptops, can provide significant business benefits for corporate infrastructure. Many corporate solutions have been developed to this end based on various technical platforms. Devices can help integrate remote, disparate, or roaming employees into the corporate infrastructure. These include functionally diverse or mobile employees, such as remote workers and salespersons. With numerous advantages, enterprise devices are being rapidly adopted worldwide. Unsurpassed productivity is at the top of its benefits, with some high development costs on the other hand. Such factors contribute to market growth.

Based on industries, The global enterprise mobility market: is segmented into BFSI, manufacturing, telecom, retail, healthcare, and others. The BFSI segment accounted for the largest market share and is estimated to grow at a CAGR of 15.3% during the forecast period. Enterprise devices, a core part of digital technology, are transforming the whole BFS industry. Through enterprise devices and software, banking and financial services can now provide tailored and effective services to their consumers by analyzing their browsing patterns, choices, and preferences, which has resulted in increased demand for enterprise devices.

 The manufacturing segment is the fastest growing. The 4th industrial revolution, called smart manufacturing, is expected to offer severe opportunities to the enterprise devices platform. In smart manufacturing, IoT and cyber-physical systems are expected to be incorporated, enabling sensors that can collect data that manufacturers and producers can use. Smart equipment, smart products, smart metrics, smart material, smart maintenance, and smart workforce are some key use cases for smart manufacturing enabled with IoT technology and supported by Enterprise devices. This is expected to increase demand for enterprise devices across the manufacturing sector, driving the industries segment.

Impact of covid-19

Even though the COVID-19 pandemic had only a little influence on the game engine business, consumers favored online games over offline games, resulting in a decline in demand for offline games, including video games. However, as the demand for online games has grown, several market participants have stepped up their efforts to advance gaming technology. New gaming goods are introduced to cater to the growing need for game engines among game creators. The games engine is primarily intended for use in creating video games.

It incorporates features like 3D graphics, scripting, sound, networking, streaming, artificial intelligence, memory management, and others into a single package. Additionally, dedicated servers and online data storage facilities are being used to improve online multiplayer gaming. Over time, cloud gaming has grown increasingly popular in the gaming business. It has also become huge popular among PC and mobile players alike in recent years.

Cloud games will experience a significant increase in demand during the anticipated period, contributing to the overall growth of the games engine market. Cloud games will see significant demand as 5G and internet access become more widely available. Businesses focusing on entering the market will find it quite profitable.

Recent Developments

• September 2022 - A new IBM (NYSE: IBM) Institute for Business Value (IBV) study, "Own Your Transformation," unveils how Chief Supply Chain Officers (CSCOs) are navigating significant supply chain challenges brought on by a global COVID-19 pandemic, inflation, climate change, and geopolitical events, and how they plan to future-proof their supply chains.
• September 2022 - Bharti Airtel, one of India's leading providers of communications services with more than 358 million subscribers, and IBM (NYSE: IBM) today announced their intention to collaborate on the deployment of Airtel's edge computing platform in India, which will include 120 network data centers spread across 20 cities. The platform is intended to allow large businesses in various sectors, including manufacturing and the automotive industry, to accelerate innovative solutions that provide new value to their operations and clients — securely at the edge.
• August 2022 - VMware Inc. (NYSE: VMW) and IBM (NYSE: IBM) today announced at VMware Explore 2022 an expanded partnership to help global clients and partners modernize mission-critical workloads and expedite time to value in hybrid cloud environments. The expanded relationship includes IBM Consulting as a VMware GSI partner, the companies’ intent to deliver new jointly engineered IBM and VMware Cloud solutions, and joint development and goes to market. Together, IBM and VMware are planning to help clients in regulated industries such as financial services, healthcare, and the public sector address the cost, complexity, and risk of migrating and modernizing mission-critical workloads in the cloud.
• August 2022 - The United States Tennis Association (USTA) and IBM (NYSE: IBM) announced a five-year extension of their storied 30-year partnership. With more than three decades of collaboration between IBM and the USTA—from the 1995 launch of USOpen.org to the 2009 release of the mobile app and the 2017 launch of the IBM Power Index with Watson—they have created a world-class platform that offers unmatched, first-of-its-kind fan experiences through hybrid cloud and AI technologies. With new features added to the US Open app and USOpen.org in advance of the 2022 tournament, they will continue improving and expanding the US Open digital offerings this year.