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 2018
North America has a high number of unique mobile
subscribers; hence, North American businesses can efficiently implement virtual
mobile infrastructure solutions to enhance the productivity of the mobile
workforce. According to the report Mobile Economy North America 2018, published
by GSMA, unique mobile subscribers in North America exceeded 300 million,
accounting for 84% of the population, by the end of 2017. With a high number of
unique mobile subscribers, North America represents significant growth opportunities
for virtual mobile infrastructure vendors. The US and Canada are the countries
considered in the North American region in the virtual mobile infrastructure
industry.
Key
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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