Market Synopsis:
Bring your own device is an ongoing corporate trend that requires the employees to bring their own devices to work. It has gained much popularity in recent years as it is advantageous to both employers and employees. Market Research Future (MRFR)’s study indicates that the global bring your own device (BYOD) market is presumed to expand at 16% CAGR over the forecast period 2017 to 2023. It further suggests that the BYOD market valuation is e4stimatd to reach USD 96 Bn by the end of the forecast period.
The organizations that have adopted the trend saves on maintenance cost of systems. It is supposed to boost the growth of the organizations. This, in turn, is supposed to drive the expansion of the bring your own device (BYOD) market in the upcoming years. In addition, it also helps in increasing the productivity of the organization as well as the employees as these employees are accustomed to their systems. These factors are supposed to lead the augmentation of the market in the coming years.
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The adoption of cloud-based services is poised to support the rising popularity of the BYOD trend. Also, the availability of advanced security management systems has boosted the demand for the adoption of ‘bring your own device’ policy. However, problems related to privacy of the employees remain an impediment to market augmentation.
Market Segmentation:
On the basis of component, the bring your own device (BYOD) market has been segmented into solution, security, and service. The sub-segments of the solution segment profiled in this report are mobile device management, mobile data management, mobile email management, mobile application management, mobile telecom expense management, and others. The security segment has been further narrowed down to email security, device security, application security, network security, identity access management, mobile content security, and multi-user management. Managed services and professional services are the sub-segments of the service segment.
By devices, the segmental analysis of the bring your own device (BYOD) market covers tablets, smartphones, and laptops.
Based on deployment, the segments of the bring your own device (BYOD) market are cloud and on premise.
By vertical, the bring your own device market size has been segmented into BFSI, manufacturing, retail, healthcare, IT & telecommunication, transportation, and others.
Regional Analysis:
The regional evaluation of the global bring your own device (BYOD) market has been covered in this report for the following regions - Asia Pacific, North America, Europe, and the Rest of the World (RoW). These segments based on region are narrowed down to country-level basis for detailed analysis. North America is expected to witness exception growth and is likely to maintain its forefront position in the near future. Enterprises in the region are mostly equipped with advanced technologies which accelerate the adoption of BYOD. In addition, increasing innovations in cloud technology are also prognosticated to support the expansion of the bring your own device (BYOD) market in the region. Asia Pacific is also a key revenue pocket. It is poised to exhibit the fastest growth rate over the next couple of years. Increasing advancements in the IT infrastructure of the region is supposed to drive market growth in the forthcoming years.
Competitive Dashboard:
Microsoft Corporation (U.S.), Blackberry Limited (Canada), Cisco Systems, Inc. (U.S.), Infosys Limited (India), Tata Consultancy Services Limited (India), IBM Corporation (U.S.), SAP SE (Germany), AT&T (U.S.), Tech Mahindra Limited (India), Honeywell International (U.S.), Oracle Corporation (U.S.), Capgemini (France), Accenture (Ireland), MobileIron Inc. (U.S.), Alcatel-Lucent S.A. (France), Apperian (U.S.), AirWatch (U.S.), AT&T (U.S.), Hewlett-Packard (U.S.), Duo Security (U.S.) and HCL (India) are few of the major participants of the global bring your own device (BYOD) market.
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