The managed mobility service (MMS) market is expected to expand at a compound annual growth rate (CAGR) of 30.5 percent between 2014 and 2019, according to MarketsandMarkets.
In addition, the market research firm noted that the MMS sector could be worth $11.05 billion by 2019, up from $2.92 billion last year.
So what does the MMS market's potential growth mean for managed service providers (MSPs)? MarketsandMarkets pointed out that organizations "are demanding managed solutions ... to allow workers to configure business information on their personal devices [that] they can access from anywhere."
The rising demand for bring-your-own-device (BYOD) among organizations also raises privacy and security issues, MarketsandMarkets said, but MSPs that can help businesses minimize these problems could reap the rewards of the rapidly expanding MMS market.
"MMS solutions and services provide users mobile service management, device and system management and sourcing and logistics management," MarketsandMarkets said in a prepared statement.
Businesses can leverage mobile device management (MDM) services to deploy BYOD programs quickly and efficiently as well.
A July 2014 Vectra Networks and LinkedIn's Information Security Community study showed that MDM remains the top tool for monitoring and managing mobile devices, and some MDM providers are taking steps to ensure businesses can secure data on their mobile devices.
For example, Good Technology last year introduced its own BYOD solution with a corporate data plan to address the complexities of end users leveraging their own personal data plans to access business apps on their mobile devices.
The Sunnyvale, California-based enterprise mobility management (EMM) provider also launched split billing across the Good Dynamics Secure Mobility Platform, enabling organizations to aggregate billing for all Good apps.