BYOD Market 2022 New Investment Projects Review

From: crystal market research
Published: Wed Dec 13 2017

In 2012, the Global Bring Your Own Device (BYOD) Market was worth around USD 64.95 billion and is predicted to reach around USD 318.41 billion with a compound annual growth rate (CAGR) of 15.38% during the projected period. Increased expansion of smartphones and the widespread of services like 4G LTE are anticipated to propel the industry growth in both developed and developing countries. Since the employees are more familiar with the devices which they personally owned and also they can execute tasks more proficiently with their own devices, thus promoting work productivity. Employees have exhibited a greater preference for employing the same device for professional as well as personal applications with the aim of avoiding the troubles like inconvenience and theft which is attributed to carrying two different devices. The requirement for carrying various devices and shifting from work to personal devices or vice versa is terminated. Defeating security worries offered by BYOD execution is among the key challenges for enterprises taking up this model. Potential security risks involve an unregulated intermediary approach to sensitive data, challenges in evaluating vulnerability to risk and tracing device theft, employees, and data with these gadgets leaving the company.

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Competitive Outlook and Trend Analysis

The major market players in the global BYOD industry are; Alcatel-Lucent, Cisco Systems, Mobile Iron, IBM Corporation, and Good Technology. Rising utilization of personal devices in the companies has ensued as amplified productivity due to the requirement for only a single device. Properties such as protection of data alongside the legal problems need to be managed to render high-level support to employees as well as device safety in case of theft, are the factors boosting the growth of this market.

The global BYOD market is segmented as follows :
By Device
By End User
Mid-to-Large Sized Businesses
Small Businesses

By Region
North America
o U.S
o Canada
o Mexico
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia Pacific
Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o United Arab Emirates

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