Virtual Mobile Infrastructure Market Trends, Key Players, Price Analysis, By Density Composition, By End User, By Region to 2024

According to a research report "Virtual Mobile Infrastructure Market by Component (Platforms and Services), Deployment Type (Cloud and On-premises), Vertical (BFSI, Healthcare, Manufacturing, and Government), and Region (North America, Europe, APAC, and RoW) - Global Forecast to 2024", published by MarketsandMarkets, the Virtual Mobile Infrastructure (VMI) market is expected to grow from USD 113 million in 2019 to USD 173 million by 2024, at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period. The major factors driving the VMI market include increase in smartphone penetration and reduced hardware and operating cost using VMI.

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Services segment to record the highest CAGR during the forecast period

The services segment of the market has been subsegmented into professional services and managed services. In the virtual mobile infrastructure market, services play a vital role in the functioning of various virtual mobile infrastructure platforms. Most of the market vendors offer professional services to manage the deployment of virtual mobile infrastructure platform. These services ensure faster and smoother implementation, which maximizes the value of enterprise investments. Services have become an integral part of platforms as they also address pre and post-deployment queries of virtual mobile infrastructure further accelerating the adoption of services segment during the forecast period.

Cloud segment to grow at the highest CAGR during the forecast period

Cloud computing is one of the most effective technologies today, and it has impacted every line of business. Cloud-based solutions involve Software-as-a-Service (SaaS) model, in which users can access Software-as-a-Service virtual mobile infrastructure platforms virtually, through the internet. In this deployment type, virtual mobile infrastructure platforms are delivered via the cloud. The cloud segment is expected to grow at the highest CAGR owing to the advantages of deploying cloud-based virtual mobile infrastructure platforms, which include flexibility, scalability, affordability, operational efficiency, and low IT-related costs. However, cloud-deployed virtual mobile infrastructure platforms have certain shortcomings, such as lack of control over applications, strict government regulations, and private content.

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North America to hold the largest market size in the VMI market during the forecast period

North America is estimated to account for the largest share of the market in 2019. The region is considered the most advanced in terms of technology adoption and infrastructure. North America has well developed BFSI, IT, and healthcare sectors, which represents a significant opportunity for the VMI service providers. The region has a high number of unique mobile subscribers hence, the businesses can efficiently implement VMI solutions to enhance the productivity of the mobile workforce. The presence of key players, such as Sierraware (US), Nubo (US), Fortinet (US), and Intelligent Waves (US) in the region is the major driving factor for the growth of VMI market in the region. With a high number of unique mobile subscribers, North America represents significant growth opportunities for VMI vendors.

Market Players

In the virtual mobile infrastructure (VMI) market, the key players include Trend Micro (Japan), Avast Software (Czech Republic), Sierraware (US), Nubo (US), Intelligent Waves (US), Pulse Secure (US), Raytheon (US), Prescient Solutions (US), Fortinet (US), and Genymobile (France). These players have adopted various strategies to grow in the global virtual mobile infrastructure markets. They have adopted organic and inorganic strategies, such as new product launches and product enhancements, mergers and acquisitions, as well as agreements and partnerships to expand their business reach and drive their business revenue growth.

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