Increasing Demands Towards Data Security Solutions and Capability of Providing Improved Business Productivity Sector Are Acting as Major Drivers Towards Boosting the Growth of Unified Endpoint Management Market.
Hyderabad, India - July 15, 2021 /MarketersMedia/ —
The Global Unified Endpoint Management Market is forecast to reach $18.9 billion by 2026, growing at a CAGR of 13.2% from 2021 to 2026. High dominance of cloud based applications along with rising rate of cybercrimes has been causing a positive impact on the Unified Endpoint management market. Moreover, increasing demands towards data security solutions and capability of providing improved business productivity sector are acting as major drivers towards boosting the growth of Unified Endpoint management market.
Unified Endpoint Management Market Segment Analysis – By Deployment type
On the basis of deployment type, Unified Endpoint management market has been segmented under cloud and on premise. Cloud deployed network management solutions is anticipated to have a major growth in the Unified Endpoint management market during the forecast period 2021-2026 at 17.5% CAGR. Deployment of cloud networking solutions have been rising rapidly across major industry verticals such as IT and telecom, healthcare and many others due to its capability of offering higher scalability along with offering high networking performance improving workflow efficiency, thus causing higher adoption in the Unified Endpoint management market.
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Unified Endpoint Management Market Segment Analysis – By Organization Size
Large Enterprises dominate the market with a share of 66.4% in 2020. Since the industries generates massive amounts of data, there are high demands towards solutions capable of ensuring efficient and faster network optimization to provide more mobile security access across the organization. Cloud network management tools offer capability of identifying potential attacks or network traffic issues, thus creating high demands in the Unified Endpoint management market.
Unified Endpoint Management Market Segment Analysis – By Geography
North America is anticipated to have a significant growth in the Unified Endpoint management market during the forecast period from 2021 to 2026 at 12.6% CAGR. Presence of some key players such as IBM Corporation, Cisco Systems Inc. and Hewlett Packard Enterprise Companies are acting as major drivers for the growth of Unified Endpoint management market. Rising adoption of cloud services, mobile services and IoT along with investments towards the research and development activities are also fueling the Unified Endpoint management market.
Unified Endpoint Management Market Drivers
Improved business productivity standards
The capability of providing improved business productivity standards has been acting as one of the major driving factor towards significant growth of Unified Endpoint management market. Deployment of Unified Endpoint management solutions helps the organizations to reduce downtime issues through routine monitoring and manage the abnormal network traffic spike or configuration related issues, thus enhancing the business operational activities. Adoption of Unified Endpoint management solutions have been increasing rapidly as it helps in data delivery regarding the network performance with routine monitoring, thus helping the organizational teams to identify issues faster with high work productivity.
Growing needs towards data security
Growing needs towards data security has been acting as one of the major driving factor for the rising growth of Unified Endpoint management market. Since various organizations nowadays have been highly adopting wide range of third party applications, mobile security of data has become a major concern for the industries. Moreover, growth of advanced technologies such as IoT, artificial intelligence and many others have caused increase in organizational data along with poising high security threats. Rising rate of cybercrimes globally causing security breaches through network hacking has caused the organizations to adopt efficient security tools to ensure network protection within their organization, thus causing high demands for Unified Endpoint management tools. Loss of sensitive and highly critical information of organizations can cause a negative impact on their business growth, which creates high dominance for such network management tools.
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Unified Endpoint Management Market Challenges
Higher costs
High investments have been acting as one of the major challenge towards hampering the growth of Unified Endpoint management market. Due to rising demands towards increasing workflow processes across industries, demands towards Unified Endpoint management has been significantly growing. Moreover, the end use industries need to spend high amounts towards training of workforce for efficient operation of Unified Endpoint management tools as it need skilled expertise.
Unified Endpoint Management Market Landscape
Major key players in the Unified Endpoint management market include IBM Corporation, Cisco Systems Inc., Ericsson, Hewlett Packard Enterprise Company, Broadcom Inc., Huawei Technologies Co Ltd., Altacel-Lucent S.A, Dell EMC, Riverbed Technology Inc. and Aerohive Networks.
Partnerships/Product Launches/Acquisition
In August 2020, Arista Networks announced enterprise grade software as a service offering for its cloud vision platform. This launch offers a fully managed software service that helps in automating multi-domain network spanning within the cloud, thus offering customers to achieve much faster, scalable as well as continuous network assistance.
In February 2020, Ericsson had announced the launch of two artificial intelligence based offerings within its network services portfolio named Network intelligence and Omni network channel. This product offering was made to help the communication service providers by securing networks and deliver optimum user experiences.
In February 2020, Enea had launched hardware agnostic cloud naïve software named unified data manager for performing network function towards 4G and 5G data management.
Key Takeaways
Cloud deployed network management solutions are anticipated to have a major growth in the Unified Endpoint management market during the forecast period owing to its capability of offering faster and efficient identification of potential malwares and security threats.
Key players such as IBM Corporation and Cisco Systems Inc. are acting as major drivers towards significant growth of Unified Endpoint management market in North America.
Increasing need for data security tools along with the capability of offering improved business operational productivity standards are some of the major driving factors in causing high dominance towards Unified Endpoint management market.
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