The Latest Mdm Industry Statistics Explained
The Mobile device management (MDM) market size was valued at $2.8 billion in 2019.
The statistic indicates that the Mobile Device Management (MDM) market had a total value of $2.8 billion in the year 2019. This figure represents the total revenue generated by companies offering MDM solutions, which are software tools that help organizations manage and secure mobile devices used by their employees. The market size value of $2.8 billion underscores the significant demand for MDM solutions as more businesses adopt mobile technologies and seek to safeguard their sensitive data and manage device usage efficiently. This statistic serves as a key indicator of the growing importance of MDM solutions in the modern digital landscape and suggests a lucrative market opportunity for technology providers in this sector.
The MDM market is expected to grow at a compound annual growth rate (CAGR) of 29.7% from 2020 to 2027.
This statistic indicates that the Master Data Management (MDM) market is projected to experience significant growth over the period from 2020 to 2027, with a compound annual growth rate (CAGR) of 29.7%. The CAGR represents the annual growth rate that would be required for the market to reach its predicted size by the end of the forecast period, assuming growth occurs steadily over the entire period. A CAGR of 29.7% suggests a rapid expansion in the MDM market, indicating increasing demand for solutions that help organizations manage their critical data assets effectively. This forecast highlights a strong market potential for MDM solutions and indicates a favorable environment for businesses operating in this sector to capitalize on the projected growth opportunities.
North America dominated the MDM market with a share of 34% in 2019.
This statistic indicates that North America held the largest market share within the Master Data Management (MDM) market in 2019, accounting for 34% of the total market. This suggests that North America had the highest level of adoption and investment in MDM solutions compared to other regions worldwide. The dominance of North America in the MDM market implies a strong demand for MDM technologies within organizations in the region, potentially driven by factors such as regulatory requirements, data governance initiatives, and efforts to improve operational efficiency and decision-making processes. Organizations in North America may have recognized the value and benefits of MDM in managing and leveraging their data assets effectively, leading to their significant presence in the market.
By 2025, the Asia Pacific region is expected to emerge as the fastest-growing region in the MDM industry.
The statistic indicates that the Asia Pacific region is projected to experience the highest rate of growth in the Master Data Management (MDM) industry by the year 2025 compared to other regions globally. This suggests that businesses and organizations within the Asia Pacific region are increasingly recognizing the importance and value of managing their master data effectively, driving a surge in demand for MDM solutions and services. Factors such as rapid digital transformation, increasing volume of data, and a growing focus on data quality and governance are likely contributing to the anticipated growth of the MDM industry in the region. As a result, companies operating in the MDM sector may see significant opportunities for expansion and market penetration in the Asia Pacific region in the coming years.
Education segment accounted for 18% of the global MDM market in 2019.
This statistic indicates that the education segment, which includes educational institutions such as schools, universities, and training centers, constituted 18% of the global Master Data Management (MDM) market in 2019. MDM involves the management of critical data assets to help organizations achieve a unified view of their data across different systems. The fact that the education sector accounted for a significant portion of the MDM market suggests a growing recognition of the importance of data management in improving operational efficiency, decision-making processes, and overall data quality within educational settings. This statistic highlights the sector-specific demand for MDM solutions and emphasizes the role of data management in enhancing the performance and effectiveness of educational institutions worldwide.
The cloud segment accounted for more than 80% of the total MDM solution deployment in 2019.
The statistic indicates that in 2019, cloud-based solutions dominated the deployment of Master Data Management (MDM) solutions, with the cloud segment constituting over 80% of the total deployments. This suggests that businesses and organizations increasingly preferred leveraging cloud-based MDM solutions for managing their critical data assets such as customer information, product details, and operational data. The shift towards cloud deployment can be attributed to factors like scalability, cost-effectiveness, ease of access, and the growing adoption of cloud technologies in various industries. This trend underscores the significance of cloud computing in modern data management strategies and signals a paradigm shift towards more flexible and agile data management solutions.
Open-source MDM solutions have seen a growth of 60% in the last three years.
The statistic “Open-source MDM solutions have seen a growth of 60% in the last three years” indicates that the adoption and usage of open-source Master Data Management (MDM) solutions have increased significantly over the past three years. This growth rate of 60% suggests a substantial rise in the number of organizations implementing open-source MDM solutions as compared to proprietary alternatives. The increasing popularity of open-source MDM solutions may be attributed to factors such as cost-effectiveness, flexibility, community support, and the growing recognition of the importance of data quality and integration within organizations. This statistic highlights a notable trend in the MDM software market, indicating a shift towards open-source solutions for managing and improving data quality and consistency across enterprises.
Over 34% of small businesses are now using cloud-based MDM solutions.
The statistic states that more than 34% of small businesses are currently utilizing cloud-based Mobile Device Management (MDM) solutions. This suggests that a significant portion of small businesses are adopting technology to manage and secure their mobile devices remotely through the cloud. Cloud-based MDM solutions offer numerous benefits, including scalability, accessibility, and cost-effectiveness compared to traditional on-premises solutions. This statistic indicates a growing trend towards embracing cloud technology among small businesses to enhance device security, control, and management in an increasingly digital and mobile-centric business environment.
The mobile application management segment is expected to grow at a CAGR of 37% from 2020 till 2027.
This statistic indicates that the mobile application management segment is projected to experience significant growth over the period from 2020 to 2027, with a compound annual growth rate (CAGR) of 37%. This suggests a rapid and steady expansion in the market for mobile application management solutions over the forecast period. A CAGR of 37% implies that the market is expected to more than double in size every two years, reflecting strong demand for these services as organizations increasingly prioritize the management and security of mobile applications. This forecast highlights the potential opportunities for businesses operating in this sector and underscores the importance of staying competitive and innovative to capitalize on the anticipated growth in the market.
The average per device cost of an MDM solution is around $3.33 per month.
This statistic states that, on average, the cost of implementing a Mobile Device Management (MDM) solution is approximately $3.33 per month per device. MDM solutions are used by organizations to manage, secure, and monitor mobile devices such as smartphones and tablets. The cost per device indicates the financial investment required to utilize the MDM solution on each individual device within the organization. This statistic suggests that implementing an MDM solution can be relatively affordable, especially when considering the potential benefits in terms of device security, data management, and operational efficiency.
Over 61% of businesses stated securely managing devices is an advantage mobile device management solutions can provide.
The statistic ‘Over 61% of businesses stated securely managing devices is an advantage mobile device management solutions can provide’ indicates that a majority of businesses recognize the importance and benefits of using mobile device management solutions to securely manage their devices. This suggests that businesses are aware of the potential risks associated with mobile devices and the need to have robust security measures in place to protect their data, networks, and systems. By acknowledging this advantage of mobile device management solutions, businesses are likely to prioritize implementing such solutions to enhance their overall security posture and mitigate potential threats posed by mobile devices in the workplace.
Almost 70% of employed Americans who own a smartphone are using it to access corporate data.
The statistic indicates that a significant portion, specifically almost 70%, of employed Americans who own smartphones are utilizing these devices to access corporate data. This suggests a widespread trend of employees leveraging mobile technology for work-related purposes, highlighting the increasing importance of smartphones in today’s workplace. The statistic underscores the prevalence of BYOD (Bring Your Own Device) policies and the need for companies to adapt their security measures and technologies to accommodate mobile access to corporate data. It also implies a potential shift in the way work is conducted, with mobile devices becoming integral tools for productivity and connectivity in the modern workforce.
By 2022, nearly 9 out of 10 smartphones shipped will be AI-capable, an important aspect in MDM solutions.
The statistic suggests that by the year 2022, the majority of smartphones being shipped (specifically around 9 out of 10) will be equipped with artificial intelligence (AI) capabilities. This indicates a significant trend towards incorporating AI technology in smartphones, which is considered crucial for mobile device management (MDM) solutions. With AI capabilities embedded in smartphones, users can benefit from advanced functionalities such as predictive analytics, personalized recommendations, voice assistants, and enhanced security features. This trend highlights the growing importance of AI in the mobile technology sector and signifies a shift towards more intelligent and efficient smartphone devices.
More than 56% of companies say they allow employees to bring their own devices, contributing to MDM market.
This statistic indicates that a majority of companies, specifically more than 56%, have adopted a policy that allows their employees to bring their personal devices such as smartphones, laptops, and tablets to use for work purposes. This trend has had a significant impact on the Mobile Device Management (MDM) market. MDM solutions have become increasingly important for companies to effectively manage and secure the proliferation of employee-owned devices accessing corporate networks and data. By allowing employees to use their own devices for work, businesses can promote flexibility and convenience for their workforce, while also presenting new challenges related to data security, privacy, and device management that MDM solutions aim to address.
Financial services account for 17.2% of all mobile malware attacks, highlighting the need for MDM in the sector.
The statistic that financial services account for 17.2% of all mobile malware attacks suggests that the financial industry is a significant target for cybercriminals. This highlights the need for strong Mobile Device Management (MDM) practices within the sector to protect sensitive financial data and ensure the security of mobile devices used by employees and customers. With the increasing reliance on mobile devices for financial transactions and communication, implementing robust MDM solutions becomes crucial to prevent malware attacks and safeguard against potential financial losses and breaches of personal information.
Androids have a higher chance of being infected with a virus versus an iPhone, increasing the necessity of MDM solutions.
The statistic indicates that Android devices are more susceptible to being infected by a virus compared to iPhones. This highlights the higher risk of security threats faced by Android users, making it crucial for organizations and individuals to implement Mobile Device Management (MDM) solutions to protect their devices and data. MDM solutions can help monitor and manage mobile devices, enforce security policies, and protect against potential malware and data breaches. Therefore, the statistic underscores the importance of prioritizing security measures, such as implementing MDM solutions, especially for Android users to mitigate the risks associated with virus infections and enhance overall device security.
78% of network breaches are due to lost or stolen devices, underscoring the need for MDM to secure data.
This statistic indicates that a significant proportion of network breaches, specifically 78%, occur as a result of lost or stolen devices, highlighting the vulnerability of corporate data stored on mobile devices. This emphasizes the critical importance of implementing Mobile Device Management (MDM) solutions to protect sensitive information and secure data in the event of device loss or theft. MDM enables organizations to remotely manage and monitor mobile devices, enforce security policies, encrypt data, track device location, and remotely wipe data to prevent unauthorized access and minimize the risk of data breaches resulting from lost or stolen devices. By investing in MDM solutions, businesses can enhance their overall cybersecurity posture and safeguard against potential threats arising from device-related incidents.
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