The surging adoption of the bring-your-own-devices (BYOD) policy is one of the biggest factors fueling the demand for virtual mobile infrastructure across the world. Currently, enterprises are looking for methods for increasing the productivity and efficiency of their employees.

With the burgeoning requirement for greater mobility in workplaces, companies are increasingly adopting the BYOD policy. The adoption of this policy helps businesses improve their productivity and reduce their expenditure in information technology (IT). Because of the aforementioned reasons, the popularity of virtual mobile infrastructure (VMI) is rising rapidly across the globe.

This is, in turn, fueling the expansion of the global virtual mobile infrastructure (VMI) market. As a result, the value of the market is predicted to grow from $115.8 million to $194.3 million from 2018 to 2024. The market is also predicted to advance at a CAGR of 9.7% between 2019 and 2024. Geographically, the virtual mobile infrastructure market will register the highest growth in North America in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India.

This is credited to the rapid technological advancements and innovations, the presence of a well-established IT infrastructure, the growing usage of smartphones, the increasing internet penetration, and the existence of well-developed healthcare, IT & telecom, and banking, financial services, and insurance (BFSI) industries.

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This market research report provides a comprehensive overview of the virtual mobile infrastructure market

Historical and the present size of the virtual mobile infrastructure market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential