San Francisco, Oct 22 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.
Browse full research report on Bring Your Own Device (BYOD) 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
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
Browse press release of this report
by Grand View Research: 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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