BYOD Market is Booming Worldwide with Key Players: Aruba Networks, AT&T Mobility, Avaya Inc, Cisco Systems Inc., Duo Security, Hewlett-Packard, IBM Corporation, iPass Inc., Motorola Mobility Holding, Oracle, Verizon Communication Inc.

U.S. BYOD market is expected to continue its dominance with the largest market share in the projected time frame. Asia Pacific 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 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, 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, WatchDox.

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The trending demand for enterprise mobility to efficiently perform business tasks, is expected to be the driving force behind BYOD market's rapid expansion. Increase in employee productivity, reduced hardware cost, and strong claim for mobility software in large scale enterprises are some of the pushing factors influencing the market globally. Many companies have already embraced this program to increase their organization productivity. "Bring your own device market worth USD 94.15 billion in 2014, is poised to exceed a revenue of USD 350 billion by 2022." Furthermore, the noticeable trend observed among employees to prefer their own device for professional as well as personal usage is likely to uplift the BYOD market trends in the coming years.

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 BYOD market. 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 BYOD 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 BYOD market 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.

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.

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Increased productivity owing to growing use of personal devices is expected to trigger the BYOD 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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