MDM market to reach $3.94 billion by 2019

MDM market to reach $3.94 billion by 2019

The increased use of bring-your-own-device (BYOD) strategies has driven a rise in the number of companies implementing mobile device management (MDM) policies, with new figures suggesting the market could soon be worth as much as $3.94 billion (£2.35 billion) by 2019.

That is according to a recent study by MarketsandMarkets, which also found that one of the biggest challenges currently facing many organisations is the difficulty in implementing cloud-based models or server-based models to allow a more secure IT infrastructure.

Many MDM vendors were found to be constantly designing and innovating their existing products in order to allow for a sophisticated IT infrastructure suited to a mobile environment where corporate data is secure.

MDM has become a vital part of many companies' approach to BYOD strategies, allowing firms to eliminate any concerns over security that may arise from the idea of employees using their own devices within the workplace.

Other key benefits of MDM solutions include enhanced employee satisfaction, increased productivity, greater mobility, lower IT costs and more flexibility.

According to the study, one of the key drivers for the dramatic change in corporate culture has been the increasing use of smartphones and tablet devices.

And despite many small or medium-sized businesses (SMBs) being well aware of the risks associated with not having an adequate MDM policy, many are still reluctant to adopt such an approach.

Recent findings from research firm PwC have suggested that only 42 per cent of companies had a mobile security strategy, while just 39 per cent claimed to have deployed MDM software.

One of the reasons cited by MarketsandMarkets is the fact that many SMBs find the cost of such an approach to prohibitive.

The report claims there are therefore a number of opportunities for MDM vendors to take advantage of gaps in the market.