Bring Your Own Device (BYOD) Market Size By End-Use (Small Businesses, Mid-To-Large Sized Businesses), By Device (Tablets, Smartphones, Laptops), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2015- 2022
Published Date: Mar 2016 | Report ID: GMI114 | Authors: Preeti Wadhwani, Sachin Kasnale
Bring Your Own Device (BYOD) Market size estimated at over USD 90 billion in 2014 and is poised to register around 15% growth from 2015 to 2022.
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The BYOD market growth is driven by the rising need among organizations to develop BYOD programs to meet workforce demands. The supportive policies have enabled heavy usage of mobile devices and laptops at workplaces to increase productivity, improve business process efficiencies, and facilitate employee collaboration. The trend is gaining momentum in enterprises as it supports innovative ways of interacting with business partners and customers while fulfilling business requirements. The influx of connected devices to transform enterprise workspaces is expected to accelerate market growth. Another factor accelerating market growth is huge cost savings as BYOD minimizes the cost of procuring and maintaining devices employees use for work.
|Base Year:||2014||Market Size in 2014:||90 Billion (USD)|
|Historical Data for:||2012 to 2014||Forecast Period:||2015 to 2022|
|Forecast Period 2015 to 2022 CAGR:||15%||2022 Value Projection:||300 Billion (USD)|
|Pages:||103||Tables, Charts & Figures:||50|
|Geographies covered:||North America, Europe, Asia Pacific, Latin America, MEA|
|Segments covered:||End-Use, Device and Region|
|Companies covered (27):||Alcatel-Lucent, Alcatel-Lucent, Apperian, AirWatch, Aruba Networks, AT&T Mobility, Avaya Inc, Bluebox, Cisco Systems Inc., Duo Security, Enterprise Mobility Solutions LLC, Fixmo, Good Technology, Inc., Hewlett-Packard, IBM Corporation, iPass Inc., Meru Networks, MobileIron, Mobiquity, Motorola Mobility Holding, Notify Technology Corporation, Oracle, ThreatMetrix, Verivo Software, Verizon Communication Inc., Vox Mobile, WatchDox|
By End Use
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The small business segment is expected to grow at a CAGR of over 15% between 2015 and 2022 due to the growing popularity of enterprise mobility solutions to meet organizational needs. As SMEs are rapidly expanding their business domestically and internationally to gain a foothold in the market, they need to implement effective BYOD programs to support the implementation of several employees’ devices. This also enables them to govern how devices are being used and ensure network security. Moreover, to ensure that the infrastructure is secure, enterprises need to provide a high level of security for devices, data, and applications through encryption solutions.
The smartphone market held a dominant market share in 2014 and is estimated to maintain its dominant position by 2022. The bring your own device (BYOD) market demand is attributed to the ease with which smartphones can be connected, rise in the number of smartphone manufacturers, and advanced wireless connectivity infrastructure. The mobile manufacturers globally are investing heavily in their R&D labs to develop new phones with advanced capabilities to support real-time communication. By integrating smartphones and tablets with existing enterprise communication applications, the mobile workforce can efficiently connect with corporate network resources for real-time communication irrespective of their location.
The Asia Pacific BYOD market is expected to grow at a CAGR of around 20% due to favorable government initiatives & policies for workforce mobility and the burgeoning smartphone & tablet sales in the countries including China, India, and Japan. For instance, in 2014, the Chinese smartphone company Xiomi sold around 61.12 million smartphones. The increasing number of startups and the rising adoption of cloud platforms are pushing the demand for enterprise mobility solutions in the region. However, as BYOD is gaining popularity in the region, risks associated with connected devices have also increased to a greater extent, augmenting the demand for endpoint security solutions.
Competitive Market Share
The market competition is characterized by the presence of several established and emerging companies offering mobility solutions to cater to the customers’ needs. For instance, Cisco offers a BYOD solution, which automatically sets identity-based policies and provides secure network access to users and applications. In March 2014, SAP introduced a new deployment solution, SAP Mobile Secure, which helps enterprises in embracing BYOD policies while securing apps, data, and devices.
Some of the key players operating in the market are Alcatel-Lucent, Apperian, Aruba Networks, Avaya Inc., Cisco Systems Inc., Bluebox, Enterprise Mobility Solutions LLC, Good Technology, Inc., IBM Corporation, Meru Networks, Motorola Mobility Holding, Oracle, Verizon, WatchDox, and Verivo Software.
With the advent of smartphones and tablets, enterprises have been evolving toward BYOD. The trend has steadily grown since its inception and is gaining popularity due to the growing need at workplaces to foster communication and collaboration among employees. To meet the unprecedented needs of workplaces and the next-generation of employees, the demand for the implementation of BYOD policies has increased sharply as it enables them to improve productivity, enhance efficiency, and reduce costs.
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