The latest research study “BYOD Security Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027” by IMARC Group, finds that The global BYOD security market reached a value of US$ 48.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 113.37 Billion by 2027 exhibiting a CAGR of 14.50% during 2022-2027.
Bring your own technology The company’s policy, known as “Bring Your Own Device” (BYOD), allows employees to use personal electronics like tablets, computers, and cellphones at work. They can use it to access applications and private data that belongs to an enterprise. Employee independence, job happiness, adaptability, productivity, and efficiency all rise thanks to BYOD security. Businesses can save money by paying less for hardware, software licencing, and device management. As a result, BYOD security has many uses in small, large, and medium-sized businesses as well as in governmental institutions around the world.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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BYOD Security Market Trends and Drivers:
The escalating adoption of innovative safety measures to secure enterprise data and employee-owned devices is one of the primary factors driving the BYOD security market.
Besides this, the rising utilization of smartphones and tablets in companies that can be infected by malware through the Internet and external storage gadgets, including USBs and media cards, is further augmenting the need for BYOD security solutions.
Apart from this, the growing popularity of the work from home (WFH) culture in organizations, on account of the sudden outbreak of the COVID-19 pandemic, is also catalyzing the global market. Moreover, the increasing focus of leading players on acquisitions, investments, partnerships, and mergers is acting as another significant growth-inducing factor. Additionally, the expanding information and technology (IT) sector and the increasing tech-savvy population are expected to bolster the BYOD security market in the coming years.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Global BYOD Security Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alcatel-Lucent Enterprise (Nokia Oyj), Aruba Networks (Hewlett Packard Enterprise Development LP), Avaya Inc., BlackBerry Limited, Broadcom Inc., Cisco Systems Inc., Citrix Systems Inc., Forescout Technologies Inc., International Business Machines Corporation, iPass Inc. (Pareteum Corporation), Ivanti and VMware Inc.
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The report has segmented the market on the basis of region, device type, solution, deployment type and end user.
Breakup by Device Type:
- Smart Phone
Breakup by Solution:
- Mobile Device Management
- Mobile Application Management
- Mobile Content Management
- Mobile Identity Management
Market Breakup by Deployment Type:
Breakup by End User:
- Large Enterprises
- Small and Medium-sized Enterprises
- Government Organizations
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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