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BYOD Security Market 2020 - key vendors, growth probability, and future Scenario | SAP, Symantec, VMware, Citrix Systems, Mobile Iron, Good Technology, Trend Micro, IBM

06-01-2020 08:39 AM CET | IT, New Media & Software

Press release from: Allied Market Research

BYOD Security Market 2020 - key vendors, growth probability,

Introduction of BYOD security software reduces the security risks associated with BYOD, due to which the adoption of BYOD policies by the companies in emerging markets is increasing. BYOD concept is gaining foothold due to its benefits for the enterprises such as lowering down infrastructure cost, increased productivity of the organizations and allowing employees to work according to their convenient time and place. The increasing importance of BYOD concept would ultimately support BYOD security market to rise in emerging markets by 2020.

BYOD i.e. bring your own device, is also referred as bring your own technology (BYOT), and bring your own phone (BYOP). It is a practice in which employee of the organization allowed to bring personally owned devices (tablets and smart phones) to their workplace and permitted to use these devices to access privileged company information and applications. Many IT departments struggling to keep updated with yearly changing technology hence increasing number of employees are seeking to use personal devices to access corporate data. BYOD security protects such devices from security threats that can harm the intellectual property of the organization.

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BYOD security market size is expected to garner $24.6 billion by 2020, registering a CAGR of 36.3% during the forecast period 2014-2020.

The initial investment to implement BYOD security policies is high, due to which majorly large-scale enterprises have implemented BYOD security policies in their organizations. Therefore, the revenue from the sales of BYOD security software to large-scale enterprises is prominent as compared to small- and medium-enterprises. However, small- and medium-scale enterprises (SMEs) have started adopting BYOD concept in their organizations, which would eventually create a need of BYOD security software among SMEs. Considering above factors, the revenue generated from the end users would eventually increase and contribute a significant amount of revenue for global market by 2020.

Though mobile device management (MDM) solution is popular among all other solutions across the enterprises for the implementation of BYOD security policies, mobile application management (MAM), mobile content management (MCM) and mobile identity management (MIM) would also increase their penetration into the market in coming years. The increasing awareness about the BYOD security solutions and introduction of wide range of apps for business purposes (appification) would support MAM to gain its prominence in the market. In order to secure corporate as well as personal data on the device, mobile data security software is largely preferred by the enterprises, which is followed by mobile device security.

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Smartphone is a key device that is majorly being used by the employees for work purposes. The ease of accessibility of corporate or business data by smartphones is driving the smartphone usage. However, security risks are also high with the usage of smartphones as in case of loss or theft of such devices. Compact size and light weight of tablet phones is leading the employees to replace their laptops with tablet phones for business purposes. The usage of tablets would eventually increase, which would ultimately increase the revenue generated through the tablet security software in years ahead.

The initial investment to implement BYOD security policies is high, due to which majorly large-scale enterprises have implemented BYOD security policies in their organizations. Therefore, the revenue from the sales of BYOD security software to large-scale enterprises is prominent as compared to small- and medium-enterprises. However, small- and medium-scale enterprises (SMEs) have started adopting BYOD concept in their organizations, which would eventually create a need of BYOD security software among SMEs. Considering above factors, the revenue generated from the end users would eventually increase and contribute a significant amount of revenue for global market by 2020.

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The market growth is attributable to acquisitions and collaborations of the players in the market to excel their services to the customers. For instance, on 26 January, 2014, VMware acquired AirWatch, a leader in delivering secure and enterprise-mobile management solutions, for $1.175 billion. This acquisition has helped VMware to boost mobile security offerings to the customers. Similarly, in August 2014, SAP in collaboration with VMware has developed a mobile security software platform for mobile applications, which offers simplified user experience for all mobile applications. Prominent players profiled in the report are SAP, Symantec, VMware, Citrix Systems, Mobile Iron, Good Technology, Trend Micro, IBM, Alcatel Lucent and Cisco Systems.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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