The global BYOD market is expected to reach USD
238.39 billion by 2020, according to a new study by Grand View Research, Inc.
Growing proliferation of smartphones and tablets coupled with the preference to
use a single device is expected to fuel market growth over the next six years.
Grand View Research also observes that reduction in OpEx and CapEx is expected
to drive BYOD adoption across enterprises.
Concerns regarding theft of the mobile device and
safety of classified data are key challenges for enterprises implementing BYOD.
Solutions such as mobile device management (MDM) and mobile application and
content management have been employed by organizations in order to maintain
security and management of data. Techniques including infrastructure
provisioning, virtualization and containerization are used to ensure
management.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/bring-your-own-device-market
Further Key findings from the study
suggest:
- Smartphones were the most widely used BYOD devices and accounted for the largest market share in 2013. Although laptops are also used to a large extent, they are expected to exhibit slower growth as compared to tablets, which serve the dual purpose of higher processing power and increased portability.
- Mid-to-large sized businesses accounted for over 75% of the overall market in 2013. BYOD can also help small businesses drive profitability as well as improve job satisfaction. Reduced hardware/device costs along with the use of cloud-based solutions are expected to favorably impact BYOD implementation. In terms of industry vertical, financial/insurance and healthcare have been among active adopters.
- North America led the market and accounted for 34.7% of the global market share in 2013; and is further expected to remain the largest regional segment over the next six years. BYOD adoption is expected to remain high in emerging markets. This can be attributed to relatively lower provision rate of corporate mobile devices in these regions coupled with high degree of comfort and flexibility of individuals in working during traditional downtime. BYOD demand in Asia Pacific is expected to grow at the fastest rate of 20.6% from 2014 to 2020.
- Key industry participants include Cisco Systems, MobileIron, IBM Corporation, and Good Technology Inc. among numerous others. In order to ensure successful implementation, it is essential to enforce BYOD policies and avoid data security risk.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
For the purpose of this study, Grand View Research
has segmented the global BYOD market on the basis of device, end-use and
region:
BYOD Device
Outlook (Revenue, USD Billion, 2012 - 2020)
• Smartphones
•
Tablets
•
Laptops
BYOD End-Use
Outlook (Revenue, USD Billion, 2012 - 2020)
•
Mid-to-Large Sized Businesses
•
Small Businesses
BYOD Regional
Outlook (Revenue, USD Billion, 2012 - 2020)
•
North America
•
Europe
•
Asia Pacific
•
RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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