Europe Enterprise Mobile Device Market

Market Overview

The Europe enterprise mobile device market size witnessed significant growth in the past and is expected to grow at a CAGR of 14.5% during the forecast period (2022-2030).

Enterprise mobile device management (MDM) is software application organizations use to manage and secure mobile devices used by their employees, typically smartphones and tablets. Regardless of the mobile device's operating system or service provider, enterprise MDM solutions enable centralized control and management of mobile devices within an organization. Enterprise MDM solutions frequently offer various features and functionalities, including device enrollment, configuration, monitoring, and security. The software can be used to establish the rules and guidelines that control how mobile devices are used within the company, including what programs can be installed, what information can be accessed, and how data is communicated and saved.

The Enterprise Mobile Device Market is driven by rising demand for enterprise devices owing to its benefits. Fragmented market act as restraints for this market. On the other hand mobile device management solutions act as an opportunity for the enterprise mobile device market.

Highlights

• Laptops dominate the market by Type. 
• BFSI dominates the market by Industries.
• Rest of Europe dominates the market by Country.

Market Dynamics

Europe Enterprise Mobile Device Market Drivers

Rising Demand for Enterprise Devices Owing to its Benefits

Due to the numerous advantages of corporate devices, many businesses are moving away from managing them internally and towards outsourcing devices and software services. Most case studies published to date indicate that organizations often outsource their hardware and software to increase efficiency and add value over time to their operations. The accountability advantages of enterprise devices include more resources, financial savings, fewer mistakes, higher security, and quicker results with improved system integration. Most cost savings from outsourcing business devices come from reducing overhead costs like recruiting new staff and investing in employee training. The processes optimized by devices and software include automation and reporting systems. Enterprise devices are highly sought-after worldwide because of these advantages.

Europe Enterprise Mobile Device Market Restraints

Fragmented Market

The European enterprise mobile device market is highly fragmented, with numerous manufacturers, operating systems, and device types vying for market share. Due to this fragmentation, businesses may find it difficult to select the appropriate tools and solutions to satisfy their unique needs. Furthermore, the existence of market leaders might make it challenging for new competitors to gain momentum and establish themselves.

Europe Enterprise Mobile Device Market Opportunities

Mobile Device Management Solutions 

The need for MDM (Mobile Device Management) solutions to manage and secure mobile devices in the office is expanding as more people use them. European businesses are looking for complete Mobile device management solutions that offer capabilities like remote wipe, device provisioning, application management, and data encryption. Businesses with scalable and dependable Mobile Device Management solutions have a big chance to tap into this market.

Regional Analysis

Europe’s enterprise mobile device market on the basis of country is segmented by Germany, France, the UK, Italy, Spain, and the Rest of Europe. The rest of Europe dominates the country market and is expected to grow at a CAGR of 13.6% during the forecast period.

The industries with the highest rates of enterprise device consumption in Europe include BFSI, IT and telecoms, healthcare and telemedicine, and automotive and transport. Due to the rise in corporate device spending and the demand for cutting-edge Internet of Things (IoT) medical equipment, the European business devices market is predicted to develop significantly over the coming years. The market for corporate devices is anticipated to increase in response to increasing awareness of the advantages of IoT-connected devices in the manufacturing sector and their application in modern healthcare systems. The demand for enterprise devices in France has increased due to the expanding healthcare sector. The need for telehealth and telemedicine is anticipated to increase due to an aging population, rising health concerns, ongoing technological advancements, and product developments, fueling the expansion of the France enterprise devices market.

Segmental Analysis

The Europe enterprise mobile device market is segmented based on Type, Product, Distribution Channel, and Country.

Europe’s enterprise mobile device market based on types is segmented by Smartphones, Laptops, Tablets, and PC

Laptops dominated the market and are expected to register a CAGR of 15.7% over the forecasted period.

Based on industries, Europe’s enterprise mobile device market is segmented by BFSI, Manufacturing, Telecom, Retail, Healthcare, and Others.

BFSI dominated the market and is expected to register a CAGR of 15.0% over the forecasted period.

Recent Developments

• Feb 2023- Google declared it would devote USD 1 billion to a brand-new artificial intelligence research facility in Toronto, Canada. The center's main objective will be to create new AI technologies for healthcare, education, and other sectors.
• Mar 2023- Google unveiled plans to introduce a new self-driving car service in California. The San Francisco Bay Area will be the only location where a few users can access the service.