North America Enterprise Mobile Device Market

Market Overview

The North American enterprise mobile device market size witnessed significant growth in the past and is expected to grow at a CAGR of 13.8% 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 rapidly increasing competition in business outgrowth. Lack of System integration and security concerns act as restraints for this market. On the other hand, BYOD policies act as an opportunity for the enterprise mobile device market.

Highlights

• Laptops dominate the market by Type. 
• BFSI dominates the market by Industries.
• The U.S. dominates the market by Country.

Market Dynamics

North America Enterprise Mobile Device Market Drivers

Rapidly Increasing Competition in Business Outgrowth

Since a few years ago, businesses have used corporate devices to better assist their vendors, suppliers, and other creditors with improved devices, software, and services. The advantages of enterprise devices include cost savings, accounting system integration, and increased resource availability. These factors enable businesses and enterprises to maintain better relationships with their creditors and stay competitive.

Since the beginning of this decade, the market for corporate devices has been expanding quickly alongside escalating competition in the business and application sectors. Demand for highly efficient enterprise gadgets with cutting-edge features has increased due to the swiftly rising level of competition across all industries. The worldwide enterprise devices market is being driven by product- and service-based industries using the advantages of business devices.

North America Enterprise Mobile Device Market Restraints

Lack of System Integration and Security Concerns

Numerous businesses in various economic sectors encounter security problems, frequently leading to data loss and breaches. Some businesses also struggle with poor device management due to the variety of devices and versions used. Additionally, the failure of such gadgets results in decreased staff productivity. Unnecessary apps interfere with business operations, occasionally resulting in insecure network access. IT teams who manage and configure various sets of devices are burdened by security issues. These elements are anticipated to limit global market growth for corporate devices.

North America Enterprise Mobile Device Market Opportunities

BYOD Policies 

One of the key factors boosting the expansion of the enterprise mobile device market is the rising adoption of BYOD (Bring your device) policies by enterprises. Employees can use their devices for work-related activities under BYOD (bring your device) policy. This approach is gaining traction as it enables companies to reduce their expenditure on hardware and software. BYOD policies can also assist firms in increasing employee satisfaction and productivity.

Regional Analysis

The North American enterprise mobile device market based on the country is segmented into U.S., Canada, and Mexico. The U.S. dominates the country market and is expected to grow at a CAGR of 13.8% during the forecast period.

For new entrants and incumbent players alike, the mature status of the North American enterprise devices market is anticipated to become more difficult for new product releases leading to low growth. The IoT industry's technological advances, the expanding IT and banking sectors' demand for business devices, and the widespread use of telehealth and telemedicine are anticipated to propel the North American enterprise devices market. With the times changing, the rising demand for devices and the spike in demand is anticipated to promote further market expansion.

Due mostly to the growing enterprise devices trend in the nation, the enterprise devices market in the United States is anticipated to advance at a very healthy growth rate. The strengthening of the Canadian economy and increased corporate investments are anticipated to further boost the consumption of enterprise devices in the nation, supporting the expansion of the enterprise devices market. In addition, increased collaboration between regional telecom providers is anticipated to accelerate the growth of the North American enterprise devices market.

Segmental Analysis

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

North American enterprise mobile device market based on type is segmented by Smartphones, Laptops, Tablets, and PC

Laptops dominated the market and are expected to register a CAGR of 15.1% over the forecasted period.

North American enterprise mobile device market based on industries is segmented by BFSI, Manufacturing, Telecom, Retail, Healthcare, and Others.

BFSI dominated the market and is expected to register a CAGR of 14.4% 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.