Bring Your Own Device Market in United States to see 15% CAGR till 2022 | Leading Key Players are Alcatel-Lucent Enterprise, Aruba, a Hewlett Packard Enterprise company, Avaya, Cisco, Duo Security, HP, IBM, Meru Networks, MobileIron, Oracle
Bring Your Own Device Market in U.S. is expected to continue its dominance with the largest market share in the projected time frame. Asia Pacific BYOD market share is likely to witness substantial growth, at a growing CAGR of 20% during the expected period owing to lower hardware expenses, and surging smartphone penetration.
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North America dominated the bring your own device market acquiring more than 30% share owing to high demand from the consumers. Early adoption of the enterprise mobility model by the companies in this region are among the chief drivers of this trend. Asia Pacific BYOD market is estimated to exhibit a CAGR of over 20%, largely due to the proliferation of smartphones and related devices, as well as changing company policies.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & analysis:
1. Alcatel-Lucent Enterprise
3. Hewlett Packard Enterprise company
6. Duo Security
9. Meru Networks
14. Vox Mobile
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Use of Internet of Things (IoT) enables users to connect and monitor multiple devices simultaneously. The companies have growth opportunities by integrating this technology for smooth and secure business operations. Companies mandating the security software installation in employee device helps in safeguarding the proprietary data.
On the basis of device, smartphones dominated the BYOD market share owing to considerable number of employees opting for smartphones to carry out business operations. The demand for tables employing this business model is estimated to cross USD 130 billion by 2022.
Healthcare, financial services and insurance industry segments are predicted to be most key verticals. Moreover, both mid-to-large sized and small scale businesses have started adopting the system and are predicted to further the growth. The report discusses the in-depth analysis of the bring your own device market at the regional level, including India, Korea, Indonesia, Taiwan, Japan, Australia, China, Singapore, New Zealand, Malaysia, Philippines, and U.S. The software companies developing applications for supporting smartphones are focused towards increasing the convenience of using a single device for professional and personal use. Growing adoption of 4G LTE led to increased internet speeds, and increasing the overall accessibility and availability. Favorable policy framework by employers, including SMBs and enterprises alike helps the companies in reducing the operating and capital expenditure. This also results in companies saving on purchasing cost of these devices which increases net profits of the company.
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Bring your own device Market is set to reach USD 350 billion by 2022. Growth is attributed to the employee convenience and increasing demand for smartphones, tablets, and laptops. Employees preferring single device for professional commitments and personal use fuels the adoption of BYOD policy.
Recently BYOD has been adopted across various verticals including logistics and retail, Telecom, IT, manufacturing, healthcare, public etc. This surging adoption of this system for enhancing organizational productivity is expected to drive the bring your own device market growth.
Increasing use of, tablets, and laptops is anticipated to have a positive impact on the bring your own device market. Furthermore, the proliferation of smartphones and 4G LTE is expected to fuel the market growth. A smartphone is expected to be the most preferred device, as it simplifies handling of both personal life and office work. The tablet segment is forecast to witness substantial growth over 130 billion in a predicted time frame.
Midd to large enterprises are estimated to account for more than 70% of the total bring your own device market share. Rapid adoption of this policy in financial, healthcare and insurance companies resulted in these segments contributing significantly to the overall revenue. Substantial growth is expected in small organizations owing to increased use of portable communication devices.
Key industry participants accumulating major bring your own device 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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