Albany, NY -- (SBWIRE) -- 05/23/2018 -- The global enterprise mobility market is extremely fragmented. The market is also characterized to be fast moving with many new entrants in the market states transparency market research (TMR) in its latest report on this market. The reason why many new players are entering this market is because of the agile technology which is helping the new players to introduce new products. It is this ability which is also key reason behind the motivation of big players to continue to advance in the market and expand their shares by strategic mergers and acquisitions. The competition among prominent players within the market is resilient. Leading players within the market are: Nokia Corporation, Citrix Systems Inc., MobileIron, IBM Corporation, Symantec Corporation, Alcatel Lucent S.A., Microsoft Corporation, Cerner Corporation, SOTI, Inc., Cisco Systems, Inc., Avaya Inc., AT&T Inc., and Hewlett Packard Development Company Ltd.

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On the basis of geography, it is anticipated that North America has been leading on account of the high rate of technological advancement which is adopted all across enterprises. However, Asia Pacific will replace North America as the leading segment. Asia Pacific is anticipated to expand at a CAGR of 25.7% from 2015 to 2022 on account of the increasing number of workforce making use of mobile device, escalating adoption of cloud infrastructure, and thriving end use industries. The rapid advancements and adoption of digitization in enterprise infrastructures will also aid the market's growth in Asia Pacific. This region is estimated to rise to US$122.60 bn by 2022.

Enterprise Mobility Witnessing Healthy Adoption across All Sectors, Especially IT and Telecom

On the basis of application, the IT and telecom industry has remained in a good position among other industries and is expected to be with US$151.12 bn by 2022. However, the fastest to grow will be the banking, financial services and insurance (BFSI) sector. This sector is anticipated to expand at a 25.7% CAGR between 2015 and 2022. In the forecast period, the retail, manufacturing, hospitality, and automation industries will also witness remarkable demand for enterprise mobility solutions.

Trend Of Choose Your Own Device and Bring Your Own Device to Accelerate Growth

One of the key factors boosting the growth of the global enterprise mobility market is the decision making speed which is enhanced by adopting enterprise mobility solutions. There is a high demand for solutions which will channel an increasing number of computing devices as well as the development of communication infrastructure which can enable efficient communication across all devices. This is boosting the adoption of enterprise mobility. One of the trends that are impacting the market positively is the enterprise policy such as bring your own device or choose your own device which has led to an increase in the number of devices that needs to be integrated with enterprise networks.

Short device life cycle and immature management to be some of the issues

As all modern enterprises are seeking ways to quicken their operations, the demand for enterprise mobility players is increasing. On the other hand, mobility has added new complications such as short device lifecycle, end point ownership, immature management, no dominant OS. However, with advancements in technology the security of enterprise mobility solutions will also increase and this will reduce the impact of the restraint.

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The study presented here is based on a report by Transparency Market Research titled "Enterprise Mobility (Device - Smartphones, Laptops, Tablets; Software Type - Mobile Device Management, Mobile Application Management, Enterprise Email and Content Management; Security Solution – Mobile Data Security, Mobile Device Security, Network Security, Mobile ID Security; End-use Application - IT and Telecommunication, BFSI, Government and Education, Hospitality and Retail, Manufacturing and Automotive; Geography - North America, Europe, Asia-Pacific , Middle East and Africa, Latin America) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022."