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The market for Unified Endpoint Management was valued at approximately USD 5.30 Billion in 2023. Over the course of the forecast period (2024–2031), the market is expected to develop at a compound annual growth rate (CAGR) of 22.4%, reaching a value of USD 24.14 Billion by 2031.
The global footprints of IT assets are expanding due to the development of computer systems and verticals. Higher endpoint models are being adopted by organizations more frequently in order to satisfy the hardware requirements of updated operating systems like ChromeOS and Windows 10. The requirement to manage endpoints using a single platform is expanding as endpoints including laptops, smartphones, tablets, and desktops are used more often throughout companies. As a result, as more organizations embrace sophisticated endpoints, the need for a unified solution grows. Another factor driving market growth is the increasing tendency of enacting policies that permit personal devices to access data stored by organizations.
The market's wide range of endpoint device management strategies has contributed to its recent enormous rise in popularity. Everything is universally handled by a single platform or solution, including mobile security, mobile device and vertical management, and business mobility management. Additionally, businesses may comply with strict government rules and policies with the aid of the unified platform or solution. One unified endpoint management platform that encrypts and secures all databases and their contents while adhering to GDPR regulations is IBM MaaS360. Additionally, the platform provides IT and security administrators with a wide range of auditing and reporting functionalities, which makes it easier to comply with GDPR regulations.
The additional factor driving demand for UEM solutions is the increasing usage of heterogeneous or mobility devices that connect to networks other than the company's network through third parties. Using third-party networks raises the dangers of cyberattacks and makes it more difficult for IT managers to handle endpoints that are moved outside of the company network. The IT and security administrators find it more challenging to monitor and control endpoints in real time as a result. In order to facilitate these situations, UEM systems give administrators a uniform way to monitor and configure endpoints from a single location. In turn, this boosts enterprise adoption of UEM systems.
The adoption of work-at-home rules and the trend toward remote working by enterprises both propel the market's expansion. The COVID-19 pandemic has served as an additional impetus for businesses and enterprises to shift their operations toward remote labor. Companies have started rolling out BYOD programs or providing enterprise-owned smartphones as a response of the dire circumstances. Thus, the necessity for UEM solutions is anticipated to increase in order to manage and sustain unified communication and teamwork as well as to grant necessary access to corporate resources while preserving productivity.
The UEM market is anticipated to be driven by the growing significance of data security and the requirement for a unified solution to handle the growing quantity of traditional & non-traditional data points. Organizations are being forced to implement UEM solutions in order to secure vital data and defend devices against cyberattacks on endpoint devices as a result of the growing Bring Your Own Device (BYOD) trend.
The demand for data protection rules is being driven by the volume of data that is being transferred through gadgets like computers, smartphones, and tablets as well as the increase in cyberattacks like fraud and identity theft. The significance of selecting an effective solution that oversees a vast fleet of network-connected devices is growing as a result of the increase in cyberattacks targeting both public and private enterprises. Businesses are spending a lot of money on unified endpoint management solutions to assist them protect their data and adhere to strict government rules and regulations as they become more aware of the laws. For example, IBM MaaS360 is a single endpoint control platform that complies with GDPR regulations by securely encrypting all databases and their contents. Security administrators may easily meet GDPR compliance standards with the platform's rich auditing and reporting tools. For this reason, both big and small businesses need a single endpoint management solution that boosts IT security, lowers management expenses, and offers improved network visibility.
The report will cover the qualitative and quantitative data on the global Unified Endpoint Management Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Study Period | 2024-31 |
Base Year | 2023 |
Estimated Forecast Year | 2024-31 |
Growth Rate | CAGR of 22.4% from 2024 to 2031 |
Segmentation | By Component, By Organization Size, By Vertical, By Region |
Unit | USD Billion |
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By Organization Size |
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By Vertical |
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By Region |
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Unified Endpoint Management Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2024-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
The market is divided into segments based on By Component, By Organization size, By Vertical.
In 2022, the solution segment generated the highest revenue share of 68.1%. The market is growing because of the demand for a platform that could offer endpoint security and administration features in a single dashboard. The platform's developments and ongoing updates are further factors driving the segment's growth. Furthermore, the increasing need for SaaS-based models and cloud-based solutions foreshadows the development of segment growth.
The services sector is expected to grow at the fastest CAGR of 23.8% throughout the predicted period. The need for appropriate advisory services before implementing UEM solutions is what propels the service market. UEM vendors assist businesses in deploying UEM solutions, either on-site or in the cloud, by evaluating their present IT infrastructure. Additionally, to ensure secure endpoint sharing of corporate data and effective device administration, UEM suppliers offer enterprises a variety of managed services in addition to support, training, and device management solutions.
The large enterprise segment held the highest revenue share, with 74.2%. The main driver of the market expansion is the growing ubiquity of network components, Internet of Things (IoT) devices, and endpoints. The other reason boosting market expansion is the growing danger of cyberattacks and the requirement to monitor endpoints in the current complicated IT environment
The size category of small and medium-sized businesses is predicted to grow at the quickest rate, 23.5%, during the course of the forecast period. The primary drivers of the market among SMEs are the expanding use of cloud-based solutions and the requirement to safeguard enterprise mobile devices. Additionally, the growing prevalence of BYOD regulations and the demand to oversee compliance standards supported the expansion of the category. Moreover, during the projected period, the segment expansion is anticipated to be supported by the growing expenditure on IT assets and the requirement to cut operating expenses.
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. North America held the greatest revenue share of 40.6%, dominating the market. Additionally, it is projected that during the course of the projection period, the region will dominate the market. One thing propelling the regional market is the increasing amount of money that businesses are spending on cutting edge technologies to streamline their processes. Furthermore, the number of UEM suppliers and their ongoing efforts to provide superior endpoint management features along with security solutions are driving the regional market.
Asia Pacific's high endpoint device proliferation is predicted to fuel the region's fastest-growing CAGR of 24.4% over the course of the projection period. The large number of working people in Asia Pacific's growing economies is anticipated to boost endpoint device usage, which will drive the growth of the unified endpoint management market. One of the key drivers of regional market expansion is the growing use of mobile devices in businesses and IoT applications. Moreover, the proliferation of cloud-based solutions and BYOD rules is another driver of regional market expansion. Over the projected period, it is also expected that the trend toward digital workplaces and data center modernization would fuel market expansion.
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14 Jun 2022