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Las Vegas, NV -- (ReleaseWire) -- 09/28/2018 --Overview: 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.
Competitive Insights 2018:
The major market players in the global BYOD industry are; Alcatel-Lucent, Cisco Systems, MobileIron, 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.
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The BYOD Market is segmented as follows-
BYOD Market, By Device Type, Estimates and Forecast, 2012-2022 ($Million)
BYOD Market, By End User, Estimates and Forecast, 2012-2022 ($Million)
- Mid-to-Large Sized Businesses
- Small Businesses
Industry Outlook and Trend Analysis:
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.
In 2013, North American regional BYOD market was worth around USD 25 billion. This region is anticipated to continue its supremacy during the forecast years.
In 2013, the North America region has bestowed to the global industry share and is projected to remain the leading market during the forecast years. Numerous companies in the United States present their employees a choice to work from home, on account of which in North America, the infiltration is very high.
Asia Pacific regional BYOD market has been boosted by the expansion of tablets and smartphones together with IT's consumerization. Even though a lot of users in this region utilize their devices all through work, the shortage of official regulations for BYOD support is a dispute. Employees in India and China show a strong inclination for working after the office hours too, this trend is not noticed in the many of the European countries and the United States.
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Major TOC of BYOD Market:
Chapter3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
Chapter4. BYOD Market, By Device Type
4.2. BYOD Market Assessment and Forecast, By Device Type, 2012-2022
4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
Chapter5. BYOD Market, By End User
5.2. The BYOD Market Assessment and Forecast, By End User, 2012-2022
5.3. Mid to Large Sized Businesses
5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)
5.4. Small Businesses
…CONTINUED FOR TOC
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