Presently, the enterprises are looking for different ways to enhance efficiency and productivity of their employees with the help of technological advancements. Organizations have started implementing bring-your-own-device (BYOD) policy due to the rising demand for mobility in the workplace. The policy enables the employees to carry their own devices, such as tablets, laptops, and smartphones, to the workplace and use these devices to access confidential company information, application, and other company resources. The implementation of this policy further helps the organizations to reduce IT expenditure and IT setup time. Because of the increasing implementation of BYOD, organizations are also using virtual mobile infrastructure (VMI) to provide remote access to company resources from any device.
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A platform which allows enterprises to host corporate apps and data within a secure mobile operating system on centralized servers is referred to as virtual mobile infrastructure. As the platform provide remote access to an organization’s resources, no data is stored on employee’s devices, thereby reducing the chances of data theft. As per a report by P&S Intelligence, in 2018, the global virtual mobile infrastructure market attained a value of $115.8 million and is projected to reach $194.3 million by 2024, witnessing a 9.7% CAGR during the forecast period (2019–2024). Both platform and services are provided to enterprises under this domain.
The different industries which make use of VMI are government, banking, financial services, & insurance (BFSI), healthcare, and information technology (IT) & telecom. Out of these, the BFSI sector created the largest demand for VMI during 2014–2018 as VMI solutions provide access to sensitive client transactional data from both privately owned and company owned devices while making sure that maximum security is complied with according to the global financial services regulations. Data leaks lead to financial losses and also negatively affect the company’s reputation, which is why different financial services institutes are utilizing VMI. Due to these factors, the industry is further predicted to created the highest demand for VMI during the forecast period.
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Among the different region, namely Asia-Pacific (APAC), North America, Europe, and Rest of the World, highest demand for VMI was created by North America during 2014–2018 and the situation is projected to remain the same in the coming years as well. This is because of the developed IT infrastructure, rising internet penetration, technological advancements, growing number of smartphone users, and developed healthcare, BFSI, and It & telecom industries. The fastest growth in demand for VMI is expected to be witnessed by the APAC region during the forecast period, owing to the rising penetration of smartphones and increasing number of data breaches.
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