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The mobile device management standard has been experiencing an upward trend in the past decade. The analysts are of the view that the upward trend would continue and that too at a slightly rapid pace during the forecast period. The historical CAGR for the mobile device management market was 19.7%, and the anticipated CAGR is 22.7%.
There are a number of reasons which have led to this anticipated increase. One of the primary reasons is an upgradation from 4G to 5G. This has enabled the functioning of these services with increased efficiency and at a better pace as well.