Bring Your Own Device (BYOD) Market Size to exceed $300bn by 2022

BYOD Market size is set to exceed USD 300 billion by 2022; according to a new research report by Global Market Insights, Inc.
 

The BYOD market growth is attributed to factors such as favorable policies in enterprises and extensive adoption of unified communication & collaboration solutions to facilitate communication among remote employees. BYOD is transforming traditional workplaces by reducing dependencies of employees related to the physical location or rigidly configured devices. The employees are bringing their devices at workplaces to get benefits such as enhanced productivity, reduced IT costs, and high mobility. The rapid adoption of enterprise mobility solutions has raised concerns related to data security as mobile platforms are subject to increasing attacks. This has facilitated the need to adopt endpoint device security solutions and technologies to alleviate those concerns.

 

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The mid-to-large sized businesses will witness the rapid adoption of enterprise mobility solutions to increase employee productivity by allowing them to access enterprise data from their personal devices anywhere and anytime. The enterprises are defining BYOD policies, which include data security best practices such as implementing multifactor authentication, using virtual private networks and putting device lock using biometric controls. The implementation of mobility solutions among large enterprises is expected to accelerate over the forecast timeline to empower employees, enhancing their productivity through their choice of devices and delivering cost savings with less IT support for employee-owned devices.



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Among all devices, the laptop BYOD market is expected to hold a share of above 5% by 2022. The business environments are witnessing a heavy usage of personal devices including laptops to enable employees access data from anywhere. Laptops can handle all computational tasks and provide options such as touchscreens, tablet mode, and longer battery life. This makes them a preferable option as compared to tablets and smartphones.
 

Browse key industry insights spread across 103 pages with 25 market data tables & 25 figures & charts from the report, “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 (North America, Europe, Asia Pacific, Latin America, MEA), Growth Potential, Competitive Market Share & Forecast, 2012 - 2022” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/bring-your-own-device-BYOD-market
 

North America is projected to hold a major portion of the BYOD market share by 2022 due to the mass adoption of smartphones and tablets. The extensive accessibility of these devices among employees has accelerated their usage for personal & work purposes. Employees are inclining toward the usage of a single device for personal & professional applications to avoid inconvenience due to separate dedicated devices. The market growth in the region is also attributed to the presence of major BYOD solution providers.
 

The bring your own device (BYOD) market comprises established and emerging players, who are adopting strategies such as new product developments and partnerships to gain a foothold in the market. In October 2015, AT&T and IBM partnered to provide mobile cloud solutions for mobile users. The companies’ cloud security solution helped to deliver device and data security so that the companies can extend their mobile workforce.
 

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
 

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The bring your own device market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2012 to 2022, for the following segments:

By Device

  • Smartphones
  • Tablets
  • Laptops

By End Use

  • Mid-to-large sized businesses
  • Small businesses

The above information has been provided for the following regions and countries:

  • North America
  • Europe
  • APAC
  • Latin America
  • MEA

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