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(BYOD) Bring Your Own Device Market Report Key Players: Alcatel-Lucent, 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

03-20-2020 06:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global market Insights

Bring Your Own Device Market

Bring Your Own Device Market

U.S. bring your own device market 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.

The bring your own device market report discusses the in-depth analysis of the Bring Your Own Device industry at the regional level, including India, Korea, Indonesia, Taiwan, Japan, Australia, China, Singapore, New Zealand, Malaysia, Philippines, and U.S.

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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.

Smartphones, tablets, and laptops are the three major devices through which the concept of bring your own device is implemented. Surging demand for smartphones coupled with high-speed data services is expected to boost the overall market size. Bring your own device industry for smartphones will exhibit robust growth, with a projected annual rate of more than 17% over 2016-2022. Mounting popularity of tablets is anticipated to bring a revolution in the global bring your own device market. Tablets based bring your own device industry is forecast to record a revenue of more than USD 130 billion in the next five years.

Businesses ranging from small to large scale enterprises, are collectively contributing toward bring your own device market. Demand from small scale business is experiencing a noticeable growth and is expected to surpass a revenue of USD 90 billion by 2022, with a projected CAGR of 19.7% over 2016 -2022. Global bring your own device industry expansion from mid-to-large sized business is projected to be the dominant sector with revenue record set to exceed USD 90 billion by 2022.

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The bring your own device market report covers competitive analysis of the market discussing the profiles, key market strategies of major market players accumulating major market share in the market are: Alcatel-Lucent, Cisco Systems, MobileIron, Good Technology,and IBM Corporation.

Increased productivity owing to growing use of personal devices is expected to trigger the bring your own device market growth. Possible security threats, including device theft, challenges in tracking data and risk exposure, etc. need to be addressed to support the employees.

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