The Unified Endpoint Management Market is estimated to be USD 1.40 billion in 2017 and is projected to reach USD 7.06 billion by 2022, at a CAGR of 38.2% during the forecast period. The increasing use of mobile devices such as smartphones, tablets, and smart wearables in workplaces has propelled enterprises to manage content that is accessed from these devices. Presently, organizations are faced with the challenge of protecting critical organizational data from cyber-attacks. The need to ensure data security is projected to drive the adoption of unified endpoint management solutions in enterprises.
The unified endpoint management market has been segmented on the basis of type, organization size, vertical, and region. Based on type, the unified endpoint management market has been classified into solutions and services. Based on organization size, the market has been segmented into large enterprises and Small & Medium-sized Enterprises (SMEs). Based on vertical, the market has been segmented into BFSI, telecommunication & IT, consumer goods & retail, government & defense, healthcare, manufacturing, transportation & logistics, automotive, and others (education and energy & utility). Based on region, the unified endpoint management market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
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Based on type, the services segment of the unified endpoint management market is expected to grow at a higher CAGR as compared to the solutions segment from 2017 to 2022. The need for appropriate training & support services, post the deployment of UEM solutions to ensure the effective management of endpoints, is projected to drive the growth of the services segment.
The unified endpoint management market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The rising trend of BYOD is one of the most significant factors driving the growth of the unified endpoint management market in the region.
Enterprises are adopting next-generation endpoints such as smart wearables, Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) devices. The need to upgrade UEM solutions to support a wide range of endpoints will provide lucrative growth opportunities to developers of UEM solutions in the near future.
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Major players operating in the unified endpoint management market include VMware (US), Microsoft (US), IBM (US), MobileIron (US), BlackBerry (Canada), Citrix Systems (US), Ivanti (US), Sophos (UK), SOTI (Canada), Jamf (US), Symantec (US), CA Technologies (US), Cisco Systems (US), and Zoho (US). These players have adopted key growth strategies, such as new product launches and strategic partnerships, to enhance their product portfolios and strengthen their presence in the unified endpoint management market.
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