Global Bring-your-own-Device (BYOD) Market Report 2020- presents competitive environment such as key competitors, segments, manufacturers, and technologies, key trends, expansions, future trends, challenges and acquisitions in the market.
Global “Bring-your-own-Device (BYOD) Market” 2020: – Bring-your-own-Device (BYOD) Market report offer inside and out data about industry with, overview, client situated statistical surveying, business strategies, procedures and financially savvy and expand approach. We likewise offer customization oblige customer detail and necessity, profound bits of knowledge of chances as per industry. The Bring-your-own-Device (BYOD) Market contains enlightening outline of competitive scene and top merchants in the Bring-your-own-Device (BYOD) Industry. this report assists with planning structure with prevailing industry’s conditions
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The global Bring-your-own-Device (BYOD) market is expected to register a CAGR of over 15% during the forecast period, 2019 to 2024. High-speed like 4G and 5G services offered by telecom companies drive the BYOD market in both developing and developed economies. The increase in demand of smartphones have also supported the growth of Bring-your-own-Device (BYOD).
Top Manufacturers Listed in the Bring-your-own-Device (BYOD) Market Report are:
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Detailed Overview about Bring-your-own-Device (BYOD) Market:
– Further, the increasing number of small and medium-sized enterprises, owing to the growing startup culture across developed and developing economies alike, has led to companies willing to adopt the BYOD culture to eliminate or restrict the initial infrastructure expenses which limit their early growth.
– In addition, organizations require employees to interact with customers and co-workers. The rise in the productivity of the organizations has led to the increased adoption of BYOD across varied industry verticals.
– To support a smooth workflow, in March 2018, BlackBerry and Microsoft partnered to empower the mobile workforce. By making Microsoft’s mobile apps seamlessly available from within BlackBerry Dynamics, enterprise users have a consistent experience when opening, editing, and saving a Microsoft Office 365 file such as Excel, PowerPoint, and Word on any iOS or Android device. This enabled users to work anytime, anyplace, with rich file fidelity.
– To ensure a large number of devices are connected, in April 2018-ForeScout Technologies Inc. expanded their device visibility platform to protect the extended enterprise. This ensured the implementation of an extra layer of security and support a large number of devices
– However, the integration of such concepts attracts large amounts of cyber threats and puts corporate data at risk of a data breach. This is expected to hamper the overall market growth over the forecast period.
Scope of the Report:
Bring your own device (BYOD) is an emerging technological trend, wherein an employee is encouraged to utilize their own devices to access the company’s enterprise system and data. Nowadays, many people and organizations face restrictions regarding geographical borders and long distance collaborations within the team, and BYOD conveniently manages to connect them and allows access to the required information. This is opening new avenues for the industry players, thus having a positive impact on market growth over the forecast period. In North America, the major share of the working population brings their own devices to their respective organizations. However, Europe is lagging behind, when compared to North America, in terms of the adoption BYOD.
Key Market Trends:
Retail Industry is Expected to Have Significant Growth in the Market
– Consumerization of retail where customers have increased access to information via technologies such as cloud, mobile and social is creating a new opportunity for retailers. To boost customer engagement, retailers are focused on data collection now more than ever before so that they help the customers to get better satisfaction. Organizations require employees to interact with customers and co-workers.
– BYOD is helping retailers to take advantage by providing more engaging in-store experiences to customers, reducing device procurement costs and gain visibility into in-store performance. BYOD helps the workers’ tip to acces resources at their fingertip increasing productivity and driving great employee and customer satisfaction.
– According to the Financial Impact of BYOD study, employees tackle work tasks the moment they receive them, accomplish them more quickly and gain some extra minutes, 37 minutes per week to be exact. United States BYOD users ranked highest on that scale, with an average 81 minutes saved per week. For retailers with a large number of associates, the regained minutes can quickly add up, translating into improved customer service that results in increased sales.
– With the increase in the number of connected wearable devices, the workers can keep themselves updated in real time information which will help them to take decision quicker and serve the customer as soon as they get the query.
Asia-Pacific to Witness the Highest Growth Rate
– The population of Asia-Pacific is booming because of the tech-savvy generation and increasing consumption of mobile devices among potential customers. Hence, organizations are adopting BYOD trends so as to retain the employees by providing benefits, such as flexible timing, internet use, and mobile technology for private as well as professional use.
– Additionally, rising IT spending across diverse sectors coupled with various government initiatives such as smart city, smart nation, digitization, etc., are anticipated to fuel growth in Asia-Pacific BYOD market in the coming years.
– Apart from this, the Asia-Pacific region has observed a change in the attitude of employees to adopt work from home culture which has improved their efficiencies, which in return Asia Pacific is an upcoming market for BYOD.
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Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states Bring-your-own-Device (BYOD) market trend, import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions, and other regions can be added.Bring-your-own-Device (BYOD) market forecast For the period of 2020-2023, this study provides the Bring-your-own-Device (BYOD) sales, revenue and market share for each player covered in this report.
Reasons to Purchase the Bring-your-own-Device (BYOD) Market Report:
– The report analyses how the shift towards safety will drive the global Bring-your-own-Device (BYOD) market.
– Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
– Study on the product type that is expected to dominate the market.
– Study on the regions that are expected to witness fastest Bring-your-own-Device (BYOD) Market growth during the forecast period.
– Identify the latest developments,Bring-your-own-Device (BYOD) market shares and strategies employed by the major market players.
– Analyzing what will be the Bring-your-own-Device (BYOD) Market size.
Major Points from Table of Contents:
1 INTRODUCTION1.1 Study Deliverables1.2 Study Assumptions1.3 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Market Overview4.2 Introduction to Market Drivers and Restraints4.3 Market Drivers4.3.1 Rising Smart Devices Penetration4.3.2 Enhanced Employee Productivity and Satisfaction4.4 Market Restraints4.4.1 Security Concerns and Government Compliance4.5 Value Chain / Supply Chain Analysis4.6 Industry Attractiveness – Porter’s Five Force Analysis4.6.1 Threat of New Entrants4.6.2 Bargaining Power of Buyers/Consumers4.6.3 Bargaining Power of Suppliers4.6.4 Threat of Substitute Products4.6.5 Intensity of Competitive Rivalry5 MARKET SEGMENTATION5.1 By Deployment5.1.1 On-premise5.1.2 Cloud5.2 By End-user Vertical5.2.1 Retail5.2.2 Healthcare5.2.3 Government5.2.4 Energy and Utility5.2.5 Automotive5.2.6 Other End-user Verticals5.3 Geography5.3.1 North America5.3.2 Europe5.3.3 Asia-Pacific5.3.4 Latin America5.3.5 Middle East and Africa6 COMPETITIVE LANDSCAPE6.1 Company Profiles6.1.1 VMware Inc6.1.2 Citrix Systems Inc.6.1.3 International Business Machines Corporation6.1.4 MobileIron Inc.6.1.5 SAP SE6.1.6 BlueBOX IT ( Lookout)6.1.7 Cisco Systems, Inc.6.1.8 Divide ( Google)6.1.9 Hewlett-Packard Company6.1.10 Pareteum Corporation6.1.11 Kaspersky Lab6.1.12 McAfee, Inc6.1.13 Oracle Corporation6.1.14 Sophos Group PLC6.1.15 Symantec Corporation6.1.16 Trend Micro Inc6.1.17 BlackBerry Limited6.1.18 Movius Corp.7 INVESTMENT ANALYSIS8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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