Information Communication and Technology Reports Virtual Mobile Infrastructure Market

Virtual Mobile Infrastructure Market worth
$173 million by 2024
According to a new market research report "Virtual Mobile Infrastructure Market by Component (Platforms and
Services), Deployment Type (Cloud and On-premises), Vertical (BFSI, Healthcare, Manufacturing, and
Government), and Region (North America, Europe, APAC, and RoW) - Global Forecast to 2024", published by
MarketsandMarkets, the Virtual Mobile Infrastructure (VMI) Market is expected to grow from USD 113
million in 2019 to USD 173 million by 2024, at a Compound Annual Growth Rate (CAGR) of 8.9% during the
forecast period.
The major factors driving the VMI Market include increase in smartphone penetration and reduced hardware
and operating cost using VMI.
Browse 35 market data Tables and 26 Figures spread through 101 Pages and in-depth TOC on "Virtual Mobile
Infrastructure Market by Component (Platforms and Services), Deployment Type (Cloud and On-premises), Vertical
(BFSI, Healthcare, Manufacturing, and Government), and Region (North America, Europe, APAC, and RoW) - Global
Forecast to 2024"
VMI platform to grow at a higher CAGR in the global Virtual Mobile Infrastructure Market during the forecast
period
The Virtual Mobile Infrastructure Market has been segmented on the basis of component into 2 categories:
platforms and services. The platforms segment holds a higher market share during the forecast period. The
increased penetration of smartphones, supportive Bring Your Own Device (BYOD) & and Choose Your Own
Device (CYOD) policies of the organizations, and organizational need to enhance the productivity of the
mobile workforce are the factors owing to the increasing demand of VMI platforms.
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Cloud deployment type to be a faster growing segment from 2019 to 2024.
In cloud deployment type, VMI platforms are delivered via the cloud. The advantages of deploying cloud-
based VMI platforms include flexibility, scalability, affordability, operational efficiency, and low IT-related
costs. The additional benefits of cloud-based solutions include effectiveness while being used by many users,
reduced upfront costs, easy rolling out of new projects, zero hardware investments, low maintenance costs,
and minimized infrastructure costs. The overall adoption of cloud-based VMI platforms is seen to be on the
rise and expected to be high during the forecast period, due to the associated functionalities and core
features. Majority of the market vendors are planning to offer cloud SaaS offering in the Virtual Mobile
Infrastructure Market.
North America to hold the largest market size in the Virtual Mobile Infrastructure Market during the forecast
period
North America is estimated to account for the largest share of the market in 2019. The region is considered
the most advanced in terms of technology adoption and infrastructure. North America has well developed
BFSI, IT, and healthcare sectors, which represents a significant opportunity for the VMI service providers.
The region has a high number of unique mobile subscribers hence, the businesses can efficiently implement
VMI solutions to enhance the productivity of the mobile workforce. The presence of key players, such as