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.
In depth research report on Bring Your Own Device
(BYOD) 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.
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
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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.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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