ICT-IOT

Virtual Mobile Infrastructure Market is Expected to Reach USD 286.3 million by 2030

Mar 2024

ICT-IOT

As per the latest report published by Kings Research, the global Virtual Mobile Infrastructure Market was valued at USD 151.1 million in 2022 and is projected to reach USD 286.3 million by 2030, growing at a CAGR of 7.9% from 2023 to 2030.

The market for virtual mobile infrastructure (VMI) platforms is expected to grow significantly in the coming years due to the increased adoption of mobile devices and rising demand for secure delivery of mobile applications. The growing trend of remote work is increasing the demand for secure delivery of mobile applications. The healthcare sector is another vertical with potential growth opportunities for VMI providers. The growing use of cloud-based VMI platforms and the adoption of environmentally friendly packaging solutions for VMI-based products are further driving the expansion of the market, as companies seek more sustainable and scalable solutions for their mobile infrastructure needs. In addition, virtual mobile infrastructure offers features such as application network consumption, app blocking, and compliance reporting tools, all of which contribute to market growth.

Key Insights

  • Based on component, the platform segment is anticipated to grow at a CAGR of 7.5 % over the forecast period
  • Based on deployment type, the cloud segment is expected to register the highest CAGR of 8.3 %
  • Based on vertical, the BFSI segment is expected to dominate the market over the forecast period with a market share of 26.8%
  • On the basis of region, North America accounted largest market share of 35.93% in 2022

Sierraware Launched VMI 2.0 Software to Expand its Product Portfolio

March 2021: Sierraware announced the general availability of its VMI 2.0 software for Kubernetes. This enabled the Kubernetes Sierraware VMI and desktop application virtualization to be hosted on multiple Edge computing providers, allowing other ecosystem partners and customers to benefit from reduced hosting costs and platform requirements.

Technological Advancement in Virtual Mobile Infrastructure (VMI) to Augment Market Growth

Virtual Mobile Infrastructure (VMI) has benefited from several technological advances in recent years. For instance, the growth of cloud computing has made it easier to deploy VMI solutions at scale, while advances in mobile hardware have improved VMI performance and usability. Furthermore, the use of secure containers and encryption techniques has aided in addressing certain security issues associated with VMI. Using advanced analytics and machine learning techniques can provide insights into the usage and performance of VMI solutions, enabling organizations to optimize their implementations and improve results. These technological advances have made VMI a more profitable and attractive solution for companies looking to enable secure and efficient access to corporate resources on mobile devices.

Increasing Number of Small and Medium Enterprises Implementing Virtual Mobile Infrastructure (VMI) to Support Market Expansion

The ongoing trend of increasing adoption of virtual mobile infrastructure (VMI) among small and medium-sized enterprises (SMEs) as a way to prevent data loss and improve security is reshaping the landscape of mobile technology deployment in these businesses. The use of VMI technology can enable these businesses to provide secure mobile application delivery as well as improve data access and compliance, addressing critical concerns for SMEs in today's digital environment. This trend is likely to be fueled by the growing adoption of Bring Your Own Device (BYOD) policies and remote working, which are leading to higher demand for secure mobile application delivery and data access. In addition, SMEs are often targeted by cyber-attacks, underscoring the importance of implementing robust security measures. These factors have increased the demand for VMI technology among small and medium-sized enterprises, and numerous enterprises have adopted VMI solutions to improve their security and mobile applications, thereby enhancing their overall operational efficiency and competitiveness.

North America to Dominate the Market with a Share of 36.9% by 2030

The regional growth of the market is proliferated by the growing adoption of VMI by SMEs. This is facilitated by the availability of cloud-based VMI platforms that provide these companies with a cost-effective and scalable solution. Cloud-based VMI solutions provide easy deployment and management of mobile applications across devices and platforms, which makes them a viable option for small businesses with limited IT resources. The region boasts a large number of unique mobile subscribers, offering significant growth opportunities for virtual mobile infrastructure providers. The major players are focusing on establishing research and development centers to improve the quality of their products.

Asia Pacific Region's Mobile Virtual Infrastructure Market Expected to Reach USD 71.4 Million by 2030 Experiencing a Moderate Growth

In the Asia Pacific region, the mobile phone virtual infrastructure market is expected to witness significant growth due to the rapid economic expansion of major countries such as China, India, and Japan. The growing use of such services in emerging economies such as India and Indonesia is estimated to support the growth in the region. In addition, the strong adoption of virtual mobile infrastructure solutions in the region is accelerated by the expanding mobile workforce, the increasing prevalence of the BYOD (Bring Your Own Device) trend, and the need for secure access to company data and applications on personal mobile devices.

Market Vendors to Focus on Launching New Products to Strengthen Market Foothold

Market growth is being accelerated by market players such as Avast Software s.r.o., Cisco Systems, Inc., Comport Technology Solutions, Fortinet, Inc., Intel Corporation, Microsoft, Nubo Software Ltd., Procmart, Inc., SAP, Sierraware, Syndrome Technologies Pvt. Ltd, Trend Micro Incorporated, VMware, Inc., and others. These players are concentrating on expanding their global presence through acquisitions, partnerships, product introductions, collaborations, and mergers.

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