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Virtual Mobile Infrastructure Market Growing at a CAGR 8.9% | Key Player Trend Micro, Avast Software, Sierraware, Nubo, Intelligent Waves

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Virtual Mobile Infrastructure Market Growing at a CAGR 8.9% | Key Player Trend Micro, Avast Software, Sierraware, Nubo, Intelligent Waves

October 26
20:04 2020
Virtual Mobile Infrastructure Market Growing at a CAGR 8.9% | Key Player Trend Micro, Avast Software, Sierraware, Nubo, Intelligent Waves

Trend Micro (Japan), Avast Software (Czech Republic), Sierraware (US), Nubo (US), Intelligent Waves (US), Pulse Secure (US), Raytheon (US), Prescient Solutions (US), Fortinet (US), and Genymobile (France).
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

The global Virtual Mobile Infrastructure (VMI) Market size is expected to grow from USD 113 million in 2019 to USD 173 million by 2024, at a CAGR of 8.9% during 2019–2024. Increase in smartphone penetration and reduced hardware and operating cost using VMI are driving factors for the VMI market.

VMI platform to grow at a higher CAGR in the global VMI market during the forecast period

The VMI 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 VMI market.

VMI is a mobile-centric technology that runs mobile apps on a mobile Operating System (OS)/Virtual Machine (VM) located on a remote server in a data center or cloud. VMI separates mobile OS and apps from the client mobile devices. The virtualization of mobile infrastructure essentially creates a virtual device running in the data center that can be accessed by a thin client app on mobile endpoints. Any data associated with the OS and apps is stored on the remote server instead of endpoints; this factor enables organizations to overcome data security concerns and operational challenges, such as compliance with data privacy regulations and the threat of data loss by physical damage to devices.

Some of the key players in the VMI market include Trend Micro (Japan), Avast Software (Czech Republic), Sierraware (US), Nubo (US), Intelligent Waves (US), Pulse Secure (US), Raytheon (US), Prescient Solutions (US), Fortinet (US), and Genymobile (France). These vendors have adopted various growth strategies, such as, mergers and acquisitions, as well as new product launches and product enhancements, to further expand their presence in the VMI market. They have majorly adopted the strategies of partnerships and agreements from 2016 to 2019, which have helped them innovate their offerings and broaden their customer base.

Trend Micro (Japan) is one of the leading developers and sellers of hybrid cloud security, network defense, small business security, and endpoint security solutions. Trend Micro is one of the prominent security solutions providers. It provides cloud, network, and end security solutions. The company places significant importance on innovation. Its subsidiary based in Taiwan carries out R&D activities for the company. In 2013, the company filed patent application related to VMI in the category of protocols for client-server architecture to enhance its grip on the VMI market. The partnership is a key strategy of Trend Micro. The company has many alliance partners, which are divided into 3 categories, namely, technological alliances, distributors, and strategic alliance partners. Technology partners of the company include Wind River, Wheel Systems, Mirantis, Lanner, Dell, Cavium, Advantech, and ADLINK. The company’s VMI solution provides robust security to organizations. In June 2017, Trend Micro launched a new USD 100 million venture fund, which enables Trend Micro to nurture new business ideas and to invest in dynamic businesses. Focus on innovation is expected to give the company a leading edge in the VMI market in the upcoming years.

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Avast Software (Czech Republic), is one of the prominent security companies. The company offers data protection products for various OS and electronic devices. It has a strong presence across the globe, which would further help the company enhance its market position. It provides secure VMI platform that can be deployed in the cloud or on-premises. The company focuses on developing innovative products and has a significant R&D budget. Partnership being the key business strategy of Avast, In July 2016, the company partnered with SK Infosec, a security solution provider in South Korea. Through this partnership, SK Infosec offers Avast Virtual Mobile Platform (VMP) to its enterprise mobile security customer base in South Korea. The partnership helps Avast Software to expand its business in the South Korean market.

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