According to a new report by Expert Market Research titled, “Global Virtual Mobile Infrastructure Market Share, Size, Report and Forecast 2024-2032″, the global virtual mobile infrastructure market size reached a value of USD 133.07 million in 2023. Aided by growing digitalisation and the need for advanced security measures in the corporate sector, the market is projected to further grow at a CAGR of 9% between 2024 and 2032 to reach a value of USD 223.36 million by 2032.
Virtual Mobile Infrastructure (VMI) refers to a mobile-centric solution that allows secure access to mobile applications from any device. It functions as a virtual machine that runs on data centres and provides an operating system image, allowing users to interact seamlessly. By centralising applications and data, it ensures superior security, streamlined management, and improved agility in mobile computing environments.
One of the prominent virtual mobile infrastructure market trends is the escalating adoption of BYOD (Bring Your Own Device) across various enterprises. This move towards BYOD culture is driven by the flexibility it offers, enabling employees to use their personal devices for work-related tasks, thus enhancing productivity. The rise of VMI solutions complements this trend, providing the necessary infrastructure for organisations to maintain data security.
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The need for advanced security measures in an increasingly interconnected corporate sector is influencing the virtual mobile infrastructure market growth. As companies deal with several sensitive data, the threat of cyberattacks, breaches, and information theft enhances. VMI solutions offer a centralised approach, ensuring that no data is stored on the end-users’ devices. This significantly reduces the risk associated with potential data breaches from lost or stolen devices.
From a sectoral viewpoint, banking, financial services, and healthcare emerge as leading contributors to the virtual mobile infrastructure market demand. Given the confidential nature of the information they handle and the regulatory mandates, the requirement for secure and compliant mobile solutions is essential. VMI not only offers the requisite security but also ensures compliance, which is crucial in these sectors.
An in-depth virtual mobile infrastructure market analysis reveals that the Asia-Pacific region, with its rapidly evolving tech infrastructure and surging number of mobile users, is a crucial player. Additionally, with numerous small and medium enterprises sprouting in emerging economies and increasingly adopting VMI solutions, the growth prospects in this region appear promising.
Furthermore, the rapid proliferation of cloud-based solutions has redefined enterprise operations. VMI, with its inherent cloud compatibility, is adopted by the companies transitioning to cloud platforms. It facilitates effortless scalability, ensures cost efficiencies, and caters to the mobile needs of a dispersed workforce.
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Market Segmentation
The market can be divided based on component, deployment mode, application, and region.
Market Breakup by Component
• Software
• Service
Market Breakup by Deployment Mode
• Cloud
• Premises
Market Breakup by Application
• Banking, Financial Services, and Insurance
• Healthcare
• Manufacturing
• IT and Telecom
• Government
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global virtual mobile infrastructure market. Some of the major players explored in the report by Expert Market Research are as follows:
• Trend Micro Inc.
• Avast Software s.r.o.
• Intelligent Waves LLC
• Pulse Secure, LLC
• Raytheon Company (NYSE: RTN)
• Prescient Solutions
• Others
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