Albany, NY -- (SBWIRE) -- 12/05/2018 -- An information technology term is mobile device management and it primarily stands for the centralized management of mobile devices such as sub-notebooks, smartphones, tablet or personal digital assistant (PDA) by one or more administrators with the help of hardware and software. The market has been segmented into by type which includes solutions and services among others.

The market is also segmented into by application which includes aerospace, banking and financial sector, education, manufacturing, healthcare, retail, transportation and logistics among others. The market for mobile device management, by region is segmented into North America, Asia Pacific, Europe, Middle East and Africa and South America.

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By type the market is segmented into solutions and services. Application management, network service management and security management among others falls under the solution field. Moreover, training and support comes under the service segment. Growing scope for mobile device management consulting and services and growing cloud-based deployment is fueling the market.

The major application sectors of mobile device management market include aerospace, banking and financial sector, education, manufacturing, healthcare, retail, transportation and logistics among others. BFSI (Banking, Financial Services, and Insurance) field accounted highest market share in this market, followed by education, manufacturing and aerospace among others.

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Technological advancement in the field of electronic devices and growing usage of mobile devices among young generation are some of the basic drivers for the market. In addition, growing demand for cloud-based solutions adopted by small and medium sized enterprises and rising demand for local braded smartphones and tablets are some of the prime driving factors for the mobile device management market.