San
Francisco, 25 October 2018 - 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.
Full
Research Report On Global Bring Your Own Device Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/bring-your-own-device-market
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
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-bring-your-own-device
www.grandviewresearch.com/press-release/global-bring-your-own-device
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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