30 Sep 2020
Posted in Technology
Managed mobility services market in Asia-Pacific to reach US$3.8bn in 2024, forecasts GlobalData
The need to access applications amidst the growing complexity of the connected devices’ ecosystem for improved business outcome in the current COVID-19 situation is expected to drive the managed mobility services market in the Asia-Pacific (APAC) region to US$3.8bn in 2024, says GlobalData, a leading data and analytics company.
Sunil Kumar Verma, Lead ICT Analyst at GlobalData, says: “The adoption of bring-your-own-device (BYOD) policies, demand for managed mobility solutions and focus by enterprises on cost control are expected to drive the managed mobility services market in the region.”
Enterprises are embracing BYOD policies to ensure security and privacy at the workplace. BYOD policies can enhance work flexibility and encourage employees, resulting in higher productivity while maintaining a secure workplace.
In emerging countries such as India and China, increasing mobile subscriber base is propelling the adoption of BYOD at work to enhance work efficiency and flexible timings. China, the largest revenue contributing geography for managed mobility services in the APAC region, is estimated to account for 32.6% of the revenue market share in 2024.
Mr Verma concludes: “COVID-19 pandemic has led to a shift in working patterns driving demand from enterprises to equip with resources they need to be productive on managed devices and get protected from evolving cyber threats.
“Managed mobility services ensure business continuity through large scale transition of the workforce from the office to remote/home locations, and allow collaborating freely without the fear of getting sick or spreading illness, which is the major driving factor for the growth of managed mobility services.”