Global Virtual Mobile Infrastructure Market is expected to grow at a CAGR of 9.5% to reach USD 214.4 million by 2026 from USD 113.7 Million in 2019. Increasing presence and deployment of virtual mobile networks across a number of end-use sectors; this trend is expected to drive market growth. The market for virtual mobile infrastructures is a rapidly growing market and is mainly driven by a rising smartphone adoption industry.
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The virtual mobile infrastructure allows enterprises to host their mobile apps on servers and provide custom remote access to any device. Implementing high density portable virtual facilities allows for a reduction in hardware and operating expenses. In addition, several organizations are emphasizing the development of a single application by all types of mobile devices. The virtual mobile network allows companies that are willing to move the market to benefit from it. Increasing demand for protection, monitoring and controlling access to mobile apps and cost-efficiency in mobile application development among small and medium-sized enterprises (SMEs) and large enterprises is driving demand for virtual mobile infrastructures.
With the proliferation of bringing your own devices (BYOD) into organizations, relying solely on simple username and password authentication is not adequately secure for sensitive healthcare or military applications. Thus, vendors integrate multi-factor authentication with VMI platforms to implement an additional layer of security to prevent malicious users from gaining access to corporate data. This leads to increased security and efficiency. The increasing usage of BYOD in the small and medium-sized organizations across the globe and the increasing security with the use of virtual mobile infrastructure is anticipated to experience growth with respect to VMI technology adoption.
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North America represented the largest share of the global Virtual Mobile Infrastructure market and is projected to witness rapid growth over the forecast period. North America has a large number of distinctive mobile subscribers hence, the business can efficiently execute VMI solutions to improve the productivity of the mobile workforce and delivers considerable growth for various VMI vendors. The US and Canada are the countries in the VMI industry that are considered in the North American field. North America has well developed BFSI, IT, and Healthcare sectors that represent a significant opportunity for the VMI service providers.
The major market players in the Virtual Mobile Infrastructure market are Trend Micro, Avast Software, Sierraware, Nubo, Intelligent Waves, Pulse Secure, Raytheon, Prescient Solutions, Fortinet, Genymobile, Space-O Technologies, JFG Inc., Forcepoint, Workspot, Remotium, Atlantis Computing, Inc., and other prominent players. These vendors have adopted various strategies to expand their offerings in the market.
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