Report : Europe Unified Endpoint Management Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Component (Solutions and Services), Platform (Desktop and Mobile), Organization Size (SMEs and Large Enterprises), and End User (BFSI, Government and Defense, Healthcare, IT and Telecom, Automotive and Transportation, Retail, Manufacturing, and Other End Users)
At 31.5% CAGR, the Europe Unified Endpoint Management Market is speculated to be worth US$ 10,109.58 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe unified endpoint management market was valued at US$ 1,958.97 million in 2022 and is expected to reach US$ 10,109.58 million by 2028, registering a CAGR of 31.5% from 2022 to 2028. Substantial growth in number of endpoints across organizations and standardization of data protection rules are the critical factors attributed to the Europe unified endpoint management market expansion.
The rise of smart consumer devices, the Internet of Things (IoT), business process automation, cloud computing, and artificial intelligence (AI) has led to the advent of smart workplaces. With the adoption of advanced technologies, the competition level is rising at an unprecedented rate across industries. Companies are striving to find solutions that help them achieve high operational efficiency while reducing costs. Hence, the demand for advanced solutions such as unified endpoint management has been growing rapidly across IT & telecom, government & defense, healthcare, BFSI, education, and manufacturing sectors. The demand for a single and unified endpoint control and the limitations of various other models, such as Mobile Device Management and Enterprise Mobility Management, are boosting the growth of the Europe unified endpoint management market.
The unified endpoint management solutions cover mobile and endpoint management through a single module, which results in high accuracy and high security. It facilitates control, configuration, and monitoring of all devices, enabling updating and patching, pushing security policies, and simplifying the new device enrolment process, among other tasks. Furthermore, the COVID-19 pandemic has increased the use of cloud-based services, including virtualization, edge computing, among others. Undoubtedly, this has increased productivity during trying times, but it has made companies an obvious target for cybercriminals. Small and medium-sized businesses are increasingly focusing on streamlining their business models by implementing cloud services to increase market efficiency. However, SMEs lack strong security measures to protect their files, networks, endpoints, and apps from cyber-attackers. Therefore, cloud-based data management solutions and service providers are predicted to experience significant potential for innovation and the adoption of better endpoint security solutions as SMEs focus on cloud services, which will fuel the Europe unified endpoint management market. Furthermore, according to a recent Interpol assessment on the rise in cybercrime during the COVID-19 pandemic, phishing, scams, and frauds accounted for nearly 59% of all reported cyber threats. The research says that this trend will probably get worse because of the economic downturn and changes in the corporate environment brought on by the pandemic. In this context, several companies have rolled out new initiatives. For instance, in a partnership with Microsoft, Aruba unveiled new digital transformation solutions in March 2021 to accelerate the move from the edge to the cloud and guide the market's expansion. Such solution is driving Europe unified endpoint management market during the forecast period.
On the contrary, lack of awareness about benefits of unified endpoint management solutions hampers the Europe unified endpoint management market.
Based on component, the Europe unified endpoint management market is segmented into solutions and services. The solutions segment held 74.9% share of Europe unified endpoint management market in 2022, amassing US$ 1,466.51 million. It is projected to garner US$ 7,245.06 million by 2028 to expand at 30.5% CAGR during 2022–2028.
Based on deployment type, the Europe unified endpoint management market is segmented into cloud based and on-premise. The cloud based segment held 64.1% share of Europe unified endpoint management market in 2022, amassing US$ 1,256.30 million. It is projected to garner US$ 8,044.20 million by 2028 to expand at 36.3% CAGR during 2022–2028.
Based on platform, the Europe unified endpoint management market is segmented into desktop and mobile. The desktop segment held 74.2% share of Europe unified endpoint management market in 2022, amassing US$ 1,454.07 million. It is projected to garner US$ 7,337.99 million by 2028 to expand at 31.0% CAGR during 2022–2028.
Based on organization size, the Europe unified endpoint management market is segmented into SMEs and large enterprises. The large enterprise segment held 69.9% share of Europe unified endpoint management market in 2022, amassing US$ 1,368.75 million. It is projected to garner US$ 6,802.40 million by 2028 to expand at 30.6% CAGR during 2022–2028.
Based on end-user, the Europe unified endpoint management market is segmented into BFSI, government and defense, healthcare, IT and telecom, automotive and transportation, retail, manufacturing, and others. The BFSI segment held 21.8% share of Europe unified endpoint management market in 2022, amassing US$ 427.14 million. It is projected to garner US$ 2,228.05 million by 2028 to expand at 31.7% CAGR during 2022–2028.
Based on country, the Europe unified endpoint management market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.0% share of Europe unified endpoint management market in 2022. It was assessed at US$ 489.29 million in 2022 and is likely to hit US$ 2,635.28 million by 2028, exhibiting a CAGR of 32.4% during the forecast period.
Key players dominating the Europe unified endpoint management market are Citrix Systems, Inc.; IBM Corporation; Ivanti; MICROLAND LIMITED; Microsoft Corporation; REDPALM; STEFANINI; TANGOE; and Zoho Corporation Pvt. Ltd., among others.
- In ,2022; Avanti collaborated with Absolute Software, a provider of self-healing endpoint and secure access solutions in order to give Absolute Resilience customers the ability to improve the health and resilience of Ivanti Neurons for Unified Endpoint Management (UEM) through Absolute's Application Persistence capabilities.
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