The Unified Endpoint Management market is influenced by several factors such as increasing usage of mobile devices among the workforce, rapid growth in IT footprints.
PORTLAND, PORTLAND, OR, USA, July 11, 2022 /EINPresswire.com/ — According to the report, the unified endpoint management market was pegged at $3.39 billion in 2020 and is expected to reach $53.65 billion by 2030, growing at a CAGR of 31.7% from 2021 to 2030.
Rise in cyber threats within organizations coupled with compliance regulations, increasing usage of mobile devices among the workforce and increasing footprint of IT assets is driving the growth of the global market unified endpoint management. On the other hand, high deployment costs and fragmentation of devices and operating systems are hampering growth to some extent. However, the growing adoption of cloud-based solutions is expected to pave the way for multiple opportunities in the industry.
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Based on the deployment model, the on-premises segment held the lion’s share in 2020, contributing nearly three-fifths of the global unified endpoint management market, and is expected to maintain its lead over the forecast period. This demand is attributed to enhanced data security and better server maintenance offered by the on-premises deployment of unified endpoint management solutions. However, the cloud segment is expected to witness the highest CAGR of 32.6% by 2030. The cloud segment is preferred by mid-sized financial institutions due to its low capital expenditure and low computing requirements. maintenance, which is driving demand for the segment.
By component type, the solution segment accounted for more than three-fifths of the global unified endpoint management market share in 2020 and is expected to maintain its dominance throughout the forecast period. This is due to the growing demand for data security solutions and the ability to improve business productivity. The services segment, however, would exhibit the fastest CAGR of 33.5% by 2030.
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By geography, North America garnered the largest share in 2020, contributing nearly two-fifths of the global unified endpoint management industry. The growing trend of BYOD and work from home policies, work infrastructure to support daily operations, availability of remote work and advanced communication, and basic business operations are the key factors propelling the demand for unified endpoint management solutions in the region. Simultaneously, the Asia-Pacific region would show the fastest CAGR of 34.7% over the entire estimated period. This is attributed to the growth in acceptance of enterprise mobility devices and IoT applications, growth in BYOD policies and cloud-based solutions in the region.
Some of the major Unified Endpoint Management Industry players profiled in the report include CISCO SYSTEMS, INC., Citrix Systems, INC., International Business Machines Corporation, Micro Focus, Microsoft Corporation, Adobe, Apple Inc., DELL INC ., DivX, LLC. ., Fasoo, NortonLifeLock, Inc., NEXTLABS INC. and BROADCOMM, INC.
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