Press release
Bring Your Own Device Market To Expand With Increased Employee Efficiency And Customer Satisfaction By A CAGR Of Around 16% Throughout 2019-2027
Increasing preference for personal high end computing device and rising efficacy of people towards a particular operating system is expected to boost the bring your own device (BYOD) market. The market is anticipated to grow at a CAGR of around 16% over the forecast period i.e. 2019-2027. The ability of the system to remove the connectivity hindrance in the path of communication in-between the employees and employees to customers, by using dashboards, workflow management applications and profitability dashboards among others, is expected to drive the growth of the market.
The market is segmented by device type into tablet, laptop and smartphones. Among these segments, smartphones segment is anticipated to hold largest market share on account of growing sales of smartphones around the globe. Furthermore, added ease of portability, ability to multi-function, and being able to provide work and personal life balance, are some of the notable factors that are raising the growth of the market in the segment.
Growing demand amongst employers for increased efficiency and work life balance of employees, coupled with growing interests of enterprises to reduce capital expenditure and operational expenditure, and availability of supporting resources that supports smartphones, which is making convenient to the employees for utilization are some of the notable factors which are driving the growth of the bring your own device (BYOD) market during the forecast period.
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Geographically, the bring your own device market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Among all these regions, North America region is anticipated to have leading shares in the market growth owing to rise in technological developments and enterprise mobility in the region. Asia-Pacific is anticipated to witness significant growth in market share owing to increased smartphone demand coupled with benefits for instance low cost, high productivity and better customer satisfaction.
However, concerns for data leakage owing to utilization of personal devices in office network premises, coupled with lack of security and privacy of data for enterprises is anticipated to be the key restraining factor to the bring your own device (BYOD) market over the forecast period.
This report also studies existing competitive scenario of some of the key players of the bring your own device (BYOD) market, which includes profiling of Microsoft (NASDAQ: MSFT), Cisco System, Inc. (NASDAQ: CSCO), BlackBerry Limited (NYSE: BB), Infosys Limited (NSE: INFY), IBM Corporation (NYSE: IBM), Tata Consultancy Services Limited (NSE: TCS), SAP SE (ETR: SAP), Tech Mahindra Limited (NSE: TECHM), AT&T Intellectual Property (NYSE: T) and Honeywell International Inc. (NYSE: HON).
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Bring Your Own Device Market - Global Demand Analysis & Opportunity Outlook 2027”, analyses the overall bring your own device (BYOD) industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the bring your own device (BYOD) market in the near future.
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