BYOD Market Forecasts By Leading Key players:Alcatel-Lucent Enterprise, Aruba, a Hewlett Packard Enterprise company, Avaya, Cisco, Duo Security,HP, IBM, Meru Networks, MobileIron, Oracle, ThreatMetrix, Verizon, Vox Mobile

BYOD Market demand will be driven byincreasing employee preference towards using a single device for professional as well as personal use may positively. In addition, use of single device helps in avoiding hassles such as theft, loss, and inconvenience caused by carrying separate devices. In addition, as employees use their personal devices, they feel more comfortable while working; this in turn might improve job satisfaction level. It also aids in increasing productivity at work.

(Bring Your Own Device) BYOD market size is estimated to be valued at USD 366.95 billion by 2022, as per a new research report by Global Market Insights, Inc. Growing consciousness about advantages of adopting of this system will be critical for industry growth over the coming seven years. Effective application also aids in increasing organizational productivity and this is expected to propel industry growth. In addition, it also helps in minimizing operating as well as capital expenditure.

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Increasing employee preference towards using a single device for professional as well as personal use may positively impact the industry demand over the several coming years. In addition, use of single device helps in avoiding hassles such as theft, loss, and inconvenience caused by carrying separate devices. In addition, as employees use their personal devices, they feel more comfortable while working; this in turn might improve job satisfaction level. It also aids in increasing productivity at work.

Device as well as hardware cost can be avoided as employees bring their own personal devices to the workplace. A large number of employees are also likely to bear data costs incurred on their devices and thus help in lowering the overall cost incurred by the organization. As users find it suitable to use their own devices, the enterprise is needed to ensure support for the multitude along with type of operating system used by employee.

Increasing application of BYOD is expected to pose various security threats such as potential theft of device, data location and management, challenges in measuring risk exposure and tracking data, employees with BYOD devices leaving the organization and unregulated third-party access to sensitive information. Choose Your Own Device (CYOD) is likely to offer employees an advantage to select one among several enterprise-approved systems and this is predicted to eliminate standardization and security challenges of BYOD system.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Alcatel-Lucent Enterprise
2. Hewlett Packard Enterprise
3. Avaya
4. Cisco
5. Duo Security
6. HP
7. IBM
8. Meru Networks
9. MobileIron
10. Oracle
11. ThreatMetrix
12. Verizon
13. Vox Mobile

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U.S. BYOD market size accounted for more than 30% of the overall industry share in 2014. It is projected to remain the largest market from 2015 to 2022. Considerable popularity of the enterprise mobility model across the region will fuel revenue over the forecast timeline.

Asia Pacific BYOD market share is anticipated to experience significant growth, at a CAGR of over 20% from 2015 to 2022. This can be credited to the smartphone demand in the region, along with attractive attributes such as lowered costs as well as higher productivity.

Key industry participants accumulating major BYOD market share include Alcatel-Lucent,Apperian, AirWatch, Aruba Networks, AT&T Mobility, Avaya Inc, Bluebox, Cisco Systems Inc., Duo Security, Enterprise Mobility Solutions LLC, Fixmo, Good Technology, Inc., Hewlett-Packard, IBM Corporation, iPass Inc., Meru Networks, MobileIron, Mobiquity, Motorola Mobility Holding, Notify Technology Corporation, Oracle, ThreatMetrix, Verivo Software, Verizon Communication Inc., Vox Mobile, and WatchDox.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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