Unified Endpoint Management (Uem) Market to grow at a CAGR of 57.69% during 2024-2028
The Unified Endpoint Management (Uem) Market is expected to grow at a CAGR of 57.69% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 80663 million. Unified Endpoint Management (UEM) market is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) technology. IoT refers to a network of interconnected devices embedded with electronics, software, sensors, and network connectivity, enabling machine-to-machine communication and data exchange. By 2023, Technavio predicts that approximately 21 billion IoT devices will be in use, generating vast amounts of data. UEM solutions play a crucial role in managing and securing these devices, optimizing business processes, and enhancing operational efficiency by analyzing IoT data in real-time. IoT acts as a bridge between the physical and virtual world, linking objects and data to provide connectivity and actionable insights.
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Technavio analysts predict that the Solutions subsegment will lead the Component segment during 2024 and 2028 Unified Endpoint Management (UEM) solutions serve as essential tools for businesses seeking to centrally manage and secure their diverse endpoints. These platforms offer a multitude of features and functionalities, including device enrollment and provisioning, and configuration management. With device enrollment, IT administrators can effortlessly onboard new devices into the system, ensuring they are properly configured and authorized for corporate resource access. Configuration management empowers administrators to centrally manage and apply settings, policies, and configurations to maintain a consistent and secure endpoint environment. UEM solutions are indispensable for organizations aiming to streamline endpoint management, fortify security, and optimize IT efficiency.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish need for integrated uem solutions to manage traditional and non-traditional endpoints
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Unified Endpoint Management (UEM) is a critical solution for IT departments to manage and secure an increasingly diverse range of endpoints in today's digital workplaces. With the proliferation of mobile devices, mobile banking, and smart wearables, UEM has become essential for managing mobile phones, tablets, laptops, and even POS devices and Chromebooks. UEM solutions offer IT departments a single platform to manage and ensure satisfaction among employees using these advanced endpoints. UEM solutions provide data security and protection for data centers and IT assets, including OS systems such as Windows 10 and hardware requirements for various endpoint models. Verticals like finance, healthcare, and retail rely on UEM to maintain productivity during remote work and at secondary desks. Leading UEM vendors like AirWatch, VMware, and Pulseway offer advanced features to manage and secure endpoints, ensuring data security and protection for businesses. UEM solutions are essential for managing the complexity of modern computing systems and enabling a productive and secure workforce.
The Unified Endpoint Management (UEM) market falls under the broader category of IT management software within the global systems software market. This market encompasses organizations specializing in the development and production of various software solutions, including application development and management software, cloud computing software, data centers, hosting software, IT management software, mobility software, networking software, security software, and storage software. Notably, this market excludes companies involved in the production of home entertainment software. According to Technavio, the global systems software market size is determined by aggregating the revenues generated by companies providing all types of systems software, including cloud-based solutions.
The Unified Endpoint Management (Uem) Market is experiencing significant growth, fueled by the need for integrated uem solutions to manage traditional and non-traditional endpoints. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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