The new report by Expert Market Research titled, 'Global BYOD and Enterprise Mobility Market Report and Forecast 2022-2027', gives an in-depth analysis of the global BYOD and enterprise mobility market, assessing the market based on its segments like devices, components, deployment, verticals, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 65%
The global industry for BYOD and enterprise mobility is expected to be driven by advancements in technology, an increasing number of connected devices, employees' preference for using their personal gadgets for office work-related tasks, and the advantages offered by BYOD programs, such as employee access to corporate apps and data on personal devices, reduced costs for firms, and increased employee productivity and job satisfaction. The rise in the comfort level of businesses with cloud-based services, and the growth of the consumer electronics industry, are driving the BYOD and enterprise mobility market. The growing use of BYOD and enterprise mobility by small and medium businesses (SMEs) due to the high level of convenience and flexibility, and rising security concerns, is propelling the BYOD and enterprise mobility market forward.
Industry Definition and Major Segments
BYOD (bring your own device) and enterprise mobility refer to the practise of allowing employees to use their personal devices, such as cellphones, laptops, and tablets, for organisational purposes. It enables work freedom, convenience, increased performance, and lowers the cost of infrastructure for businesses.
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By device, the market is segmented into:
By component, the market is classified into:
- Mobile Device Management
- Mobile Application Management
- Mobile Data Management
- Mobile Email Management
- Mobile Telecom Expense Management
- Device Security
- Email Security
- Application Security
- Mobile Content Security
- Identity Access Management
- Multi-User Management
- Network Security
- Managed Services
- Professional Services
By deployment, the market is segmented into:
By vertical, the market is divided into:
- Banking, Financial Services, and Insurance
- IT and Telecom
- Transportation and Logistics
- Energy and Utilities
On the basis of region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Companies nowadays are becoming increasingly reliant on a remote workforce. While this is mutually beneficial to employers and employees, the arrangement has its challenges, including security risks and productivity issues. With more businesses adopting and managing mobile technology to remain connected with remote workers, BYOD (bring your own device) is an area that is expected to witness significant development across the globe. The rapid expansion of mobile data and mobile devices, lower hardware prices for businesses, and increasing smartphone usage around the world all have an impact on the BYOD and enterprise mobility sector. Additionally, the rise in employment rate, rapid rate of urbanisation and industrialisation, growing economy, digitisation, increasing need to mitigate security risks, the surge in investment and benefits offered by the technology, such as increased productivity and employee satisfaction positively affects the BYOD and enterprise mobility market.
Key Market Players
The major players in the market are Microsoft Corporation, Cisco Systems, Inc., Blackberry Limited, Infosys Limited, International Business Machines Corporation, and Oracle Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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