PUNE, India, November 3, 2016 /PRNewswire/ -- According to a new market research report "Mobile Device Management Marketby Solution (Device Management, Application Management, Security Management, and Network Service Management), Service, Deployment Type, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the MDM market size is expected to grow from USD 1.69 Billion in 2016 to USD 5.32 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.8% during the forecast period. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 87 market data Tables and 52 Figures spread through 151 Pages and in-depth TOC on"Mobile Device Management Market"http://www.marketsandmarkets.com/Market-Reports/mobile-device-management-market-105562389.htmlEarly buyers will receive 10% customization on this report. The major drivers of this market include increasing smartphone and tablet penetration and strong adoption of BYOD policies, growing security concerns to protect corporate data, and MDM capabilities to manage and synchronize different platform (Windows, Mac, iOS and Android) devices through a single console. Application management is expected to be the most promising solution during the forecast period The Mobile Device Management Market has been segmented into solutions, services, deployment types, and verticals. The application management is projected to grow at the highest CAGR during the forecast period. Application management is considerably important due to growing number of mobile apps, and this solution provides granular controls to the administrators in an organization which ultimately helps them in managing and securing the app data. Managed services is expected to hold the major market share during the forecast period Managed services segment commands the major share of the MDM services. These are services that are being offered by a third party to help any organization choose the best MDM solution and help it in deploying the same. These services are quite popular among the smaller organizations which do not have the expertise to effectively manage enterprise mobility. Thus, in order to maintain the desired level of safety and protection, they outsource it to the third parties who have expertise in such services.