Please Wait.....
Report
Enterprise Mobility in Banking - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 120 Pages I Mordor Intelligence
The Enterprise Mobility in Banking Market is expected to register a CAGR of 24.81% during the forecast period.
Key Highlights
- Mobile devices are almost ubiquitous and are displaying similar trends across enterprises. Thus, deploying appropriate controls in companies is expected to benefit them from mobility opportunities while ensuring that sensitive data and devices are safeguarded. For instance, an EMM policy ensures that the enterprise's application, content, and device are fully integrated and safe to use, including secure access mechanisms.
- The banks and allies are pivoting to allow BYOD and require EMM for secure data and regulatory compliance for their financial exchanges. With the proliferation of multiple OS, like macOS, Windows 10, and ruggedized devices, along with the Internet of Things (IoT), the mobile hardware context enlarges, enabling enterprises to focus on EMM.
- Further, the banking industry needs a proper system to manage the overall inventory of devices and track whether the devices are online or offline. Banks primarily need to keep track of all their mobile devices used in the field by the salesforce and ensure that the employees are using them effectively. Any unintended use of the devices, such as watching non-related videos, playing games, or installing any app, can lead to a loss of productivity.
- Additionally, the coronavirus outbreak caused an unpredictable worldwide situation for most businesses. Banks needed to enable their employees to operate remotely in the banking industry immediately. The rising need for digital infrastructure to facilitate the continuation of uninterrupted services is expected to create a demand for mobility solutions in the industry.
- However, one of the critical challenges and barriers to entry for mobilization is the high cost. Even with BYOD solutions, the budget still has to cover integration, development, telecom, and many others. Also, integrating new mobile apps and technologies into the existing infrastructure can be expensive and time-consuming.
Banking Enterprise Mobility Market Trends
Increase in Cyber Attacks to Drive Market Growth
- Data breaches lead to an exponential cost rise and the loss of valuable customer information. According to the X-Force Threat Intelligence Index of last year, 22.4% of attacks that X-Force addressed targeted financial and insurance businesses, out of which 70% of attacks were on banks. Thus, financial and insurance businesses were second in X-Force's industry rankings in the previous year. In pursuit of the most straightforward path possible to financial gain, cyber attackers attack the financial services industry.
- Moreover, according to the latest edition of Cisco's annual Security Outcomes Report launched in December 2022, cybersecurity resilience is a foremost priority for companies as they look to protect against a rapidly growing threat landscape as 62 percent of organizations surveyed stated they had experienced a security event that impacted business in the past two years.
- To secure their IT systems, secure customer vital data, and comply with government regulations, public and private banking institutes are focused on executing the latest technology to prevent cyber attacks. Additionally, with higher customer expectations, rising technological capabilities, and regulatory requirements, banking institutions are driven to adopt a proactive approach to security.
- Further, the growing technological penetration, coupled with digital channels, such as mobile banking and internet banking, are becoming customers' preferred choice for banking services. There is a greater need for banks to leverage advanced authentication and access control processes.
North America to Witness Significant Growth
- North America is expected to hold a significant share of enterprise mobility in the banking market, with the increasing adoption among banks and the presence of major vendors acting as the primary factors driving the market growth in the region.
- The penetration of smartphones and tablets is rising in the United States, which will likely propel the BYOD policy across enterprises.
- According to the Identity Theft Resource Center (ITRC), the number of data compromises in the United States witnessed 817 cases in the first half of the last year. These incidents have created a positive demand for enterprise mobility management in the country, especially for mobile security, as they are the most vulnerable endpoints a hacker can attack to gain entry into an enterprise system. With growing awareness among the end-users, the demand for managed mobility services in the country is expected to increase over the forecast period.
- Moreover, cyber attacks in the North American region, especially in the United States, are rising rapidly. They have reached an all-time high, primarily owing to the rapidly increasing number of mobile devices in the region. According to IBM, the average cost of a data violation in the United States amounted to USD 9.44 million in the last year, up from USD 9.05 million in 2021.
Banking Enterprise Mobility Industry Overview
The market for enterprise mobility for banking is fragmented, with many existing and new players offering mobility solutions through on-premise or cloud. The majority are focused on smartphone-related services.
In May 2022, GEMx Technologies announced its partnership with HokuApps to promote the shift to digital wallets after the COVID-19 pandemic. The partnership would enable digitizing and integrating banking and financial service workflows by creating an enterprise web solution to create easy payment experiences for businesses while improving customer experience.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitute Products
4.3 Assessment of COVID-19 Impact on the Industry
4.4 Market Drivers
4.4.1 Growth of Mobile Devices as the Preferred Medium of Accessing Internet, Enterprise Data, and Various Other Information
4.4.2 Rising Trend of BYOD
4.5 Market Challenges
4.5.1 High Cost of Implementation, Coupled with Lack of Acceptability Among Employees
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Solutions
5.1.1.1 Device Management
5.1.1.2 Access Management
5.1.1.3 Application Management
5.1.1.4 Other Solutions
5.1.2 Services
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia Pacific
5.2.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 BlackBerry Limited
6.1.2 VMware Inc.
6.1.3 Citrix Systems Inc.
6.1.4 IBM Corporation
6.1.5 Microsoft Corporation
6.1.6 Mobile Iron Inc.
6.1.7 Accenture Plc
6.1.8 Newgen Software Technologies Limited
6.1.9 Infosys Limited
6.1.10 HCL Technologies
7 VENDOR MARKET SHARE ANALYSIS
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security