Worldwide BYOD And Enterprise Mobility market is expected to grow from USD 39.04 billion in 2017 to USD 94.41 billion by 2023, at a compound annual growth rate (CAGR) of 15.86% during the forecast period.
Increasing inclination of employees towards using personal devices such as smartphones, tablets, and other computing devices is expected to fuel the growth of the BYOD And Enterprise Mobility market as organizations have become more receptive towards this trend. Bring your own device trend in an organization allows employees to carry their devices to work on their projects not only at their workplaces but also away from their workplaces which increases employee productivity and helps in benefiting the company .This not only helps the employees to work efficiently but also benefits the company by reducing the infrastructural cost.Some of the other factors expected to spur the market growth include ongoing smart society reforms and increasing focus on mobile application development. However, growing security concerns regarding the theft of devices or cloud-based security may hamper the growth of BYOD and enterprise mobility market. Key players within the BYOD security market are increasingly investing huge sums in their research and development for better security solutions in order to effectively tackle the rising number of threats.
On the contrary, the growing concerns about data security and data theft, compliance and government issues, high cost of BYOD and enterprise mobility solutions, impact of the COVID-19 pandemic, and security risks may impede the global BYOD and enterprise mobility market growth over the forecast period.
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The MRFR report throws light on an inclusive segmental analysis of the global BYOD and enterprise mobility market based on software, security, service, deployment, and end users.
By software, the global BYOD and enterprise mobility market is segmented into telecom expense management, email management, data management, application management, device management, and others. Of these, the device management segment will lead the market over the forecast period.
By security, the global BYOD and enterprise mobility market is segmented into multiple-user management, identity access management, network security, content security, application security, and device security. Of these, the network security segment will dominate the market over the forecast period.
By service, the global BYOD and enterprise mobility market is segmented into professional services and managed services.
By deployment, the global BYOD and enterprise mobility market is segmented into on-premise and cloud. Of these, the cloud segment will spearhead the market over the forecast period.
By end users, the global BYOD and enterprise mobility market is segmented into transportation and logistics, healthcare, retail, IT and telecom, manufacturing, automobile, BFSI, and others. Of these, the retail segment will have the lions share in the market over the forecast period.
By region, the global BYOD and enterprise mobility market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will command the market over the forecast period. Growing cloud-based application industry, huge acceptance by enterprises, and increasing innovative developments in technologies are adding to the global BYOD and enterprise mobility market growth in the region.
In the APAC region, the global BYOD and enterprise mobility market is predicted to grow at a fast pace over the forecast period. Rapid adoption of industrial trends and increasing inclination of companies towards the use of mobile devices for professional purposes are adding to the global BYOD and enterprise mobility market growth in the region.
The prominent players profiled in the global BYOD and enterprise mobility market report include HCL Technologies (India), Accenture (US), Oracle Corporation (US), Capgemini (Germany), Honeywell International (US), AT&T (US), Tech Mahindra Limited (India), SAP SE (Germany), Tata Consultancy Services Limited (India), IBM Corporation (US), Infosys Limited (India), Blackberry Limited (Canada), Cisco Systems, Inc (US), and Microsoft Corporation (US), among others.
The BYOD and enterprise mobility market is fragmented and also competitive with the presence of many domestic as well as international industry players. They have incorporated assorted strategies to stay at the forefront and also cater to the surging needs of the customers, including collaborations, partnerships, contracts, geographic expansions, new product launches, joint ventures, and more. Additionally, these players are also making heavy investments in research and development activities for strengthening their portfolios and also creating a hold in the market.
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BYOD And Enterprise Mobility Market by Software (mobile device management and mobile application management), Security (device, application), Service (managed, professional), Deployment (Cloud, On-Premise), End-User (BFSI, IT and Telecom), And Region – Global Industry Forecast till 2027
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