The global bring your own device market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the roll-out of services and the increased proliferation of smartphones.
BYOD can be defined as ‘Bring Your Own Device’ for an individual, which primarily focus on remote work and telework trends. BYOD will give a work platform for establishing remote work, in which employees perform their professional responsibilities using their own devices and the worldwide Internet. Enterprise mobile application development is supported by smart market, allowing businesses to take advantage of the benefits of the BYOD movement. BYOD and workplace mobility policies allow employees to use personal consumer electronics devices such as smartphones, tablets, and laptops for official functions. The impact of COVID-19 pandemic has been positive on BYOD market. Due to the introduction of remote working, it helped in adoption of the technology globally.
Market Trends, Drivers, Restraints, and Opportunities
- Increased efficiency and work life balance of employee is one of the key factors driving the market growth.
- Reduction in capital expenditure and operational expenditure owing to implementation of BYOD is expected to boost the market growth in the coming years.
- Issue related to security concern and protection of the information presents a major challenge. This is anticipated to hamper the market growth in the projected period.
- Inadequate trust among employees related to BYOD implementation in offices is projected to hinder the market expansion during the forecast period.
- Wide adoption of the technology in major sectors, such as healthcare, IT, finance, and insurance is projected to create significant growth opportunities for the market in the near future.
Scope of the Report
The report on the global bring your own device market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Bring Your Own Device Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2020
|
|
Historic Data
|
2018–2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
End-users (Small Businesses and Mid-to-large Sized Businesses) and Devices (Smartphones, Laptops, and Tablets)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
ALE International SAS; MobileIron Inc.; Good Technology; Cisco Systems, Inc.; and IBM Corp.
|
Market Segment Insights
Mid-to-large sized businesses segment to grow at a rapid pace
Based on end-users, the global bring your own device market is bifurcated into small businesses and mid-to-large sized businesses. The mid-to-large sized businesses segment is expected to grow at a rapid pace during the forecast period owing to the sophisticated communication networks with adequate security provisions and availability of more resources. However, the small businesses segment is anticipated to hold a key share of the market in the coming years due to mobile device management solution for managing and governing mobile devices to alleviate security concerns.
Mobile developers to drive the smartphones segment
On the basis of devices, the market is segregated into smartphones, laptops, and tablets. The smartphones segment is projected to expand at a considerable CAGR during the forecast period attributed to the fact that mobile developers have released various applications that are similar to major programs, such as Microsoft Excel, Microsoft Word, and Microsoft PowerPoint, which assist employees in balancing their personal and professional lives. On the other hand, the laptops segment is anticipated to account for a major market share during the forecast period due to the familiarity with the working of the mentioned programs, which help employees create a work environment at home.
North America to constitute a key market share
In terms of regions, the global bring your own device market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the presence of a large number of service providers in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period attributed to the proliferation of tablets and smartphones along with the consumerization of IT across the region.
Segments
Segments Covered in the Report
The global bring your own device market has been segmented on the basis of
End-users
- Small Businesses
- Mid-to-large Sized Businesses
Devices
- Smartphones
- Laptops
- Tablets
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ALE International SAS
- MobileIron Inc.
- Good Technology
- Cisco Systems, Inc.
- IBM Corp.
Competitive Landscape
Key players competing in the global bring your own device market are ALE International SAS; MobileIron Inc.; Good Technology; Cisco Systems, Inc.; and IBM Corp. As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.
Request For Customization
Enquiry Before Buying
Speak With Analyst
