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2024 Virtual Mobile Infrastructure Market | Business Size, Share, Opportunities, Future Trends | Top Key Players, Market Share
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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.

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.

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441

 

 

 

 

 

 

 

 

 

 

 

 

 

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