BYOD Security Market Size Is Booming Worldwide | SAP, Symantec, VMware, Citrix systems, MobileIron

BYOD Security Market, including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth. Additionally, included in this study are the market's significant accomplishments, studies and upgrades, new product introductions, a local boom, fierce competition against the norm, and local scale. The business report analysis and insights contain the boom in producer guidance sales, percentage, supply, opportunity, problems, and improvement restraints.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

The market for BYOD has significantly evolved in regions such as North America and Europe. Rise in the productivity of the organizations lead to the BYOD adoption across varied industry verticals. This ultimately helps the market to grow at a rapid pace. As BYOD concept is gaining popularity across various regions, implementation of BYOD security solutions has become highly important. These BYOD security solutions allow remote management of mobile devices used for business purposes viz., smartphones, tablets and laptops.

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To protect the important corporate data over the mobile devices, BYOD security policies plays an important role and supports the use of employee's own devices at their work places. Increasing adoption of BYOD concept across emerging markets is one of the key driver for BYOD security market. Increased productivity, reduction in the hardware cost and popularity of BYOD across various industry verticals are some additional drivers for the BYOD security market. On the other hand, low awareness about the BYOD security tools limits the growth of market.

The vendors presently are manufacturing mobile devices that are integrated with security solutions. These in-built security policies allow employees to access both their personal and corporate data from a single device and from various access points. Additionally, the vendors in the market are acquiring and collaborating with the top companies in the market to enhance their product portfolio. For instance, on 26 January, 2014, VMware acquired AirWatch, which is 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.

The global BYOD security market is segmented based on the type of device used for business purposes, BYOD solutions for the implementation of BYOD in enterprises, security software, end users and geography. The employees at their workplaces usually prefer Smartphones, tablets and laptop, where smartphones holds large percentage of market size, amongst others. Solution segment is further classified as mobile device management, mobile application management, mobile content management and mobile identity management.

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The segment of security software is classified as mobile data security, mobile device security and network security. The end users for the BYOD security market are large enterprises, small and medium enterprises (SME's) and government organizations. The microscopic analysis of the market has been performed by examining various regions such as North America, Europe, Asia-Pacific and LAMEA.

Key Benefits

The analysis of the global market provides an overview of the global BYOD security market with special reference to market trends, market structure, limiting factors and opportunities
The global market has been analyzed in a comprehensive manner to help the stakeholders identify the key market opportunities
Quantitative analysis of the current market and estimations through 2013-2020 would determine the financial caliber of the market
Porter's five forces model has been used to analyze the potential of buyers and suppliers, and the competitive structure of the market, to guide the market players in developing effective strategies
Value chain analysis provides a systematic study on the key intermediaries involved, which would in turn help the stakeholders to make appropriate strategies

Key Players

SAP
Symantec
VMware
Citrix systems
MobileIron
Good Technology
Trend Micro
IBM
Alcatel Lucent
Cisco Systems

KEY MARKET SEGMENTS
Market by Device Type

Smartphone
Tablet
Laptop

Market by Solution

Mobile Device Management (MDM)
Mobile Application Management (MAM)
Mobile Content Management (MCM)
Mobile Identity Management (MIM)

Market by Security Software

Mobile data security
Mobile device security
Network security

Market by End User

Large enterprises
Small and medium Enterprises (SMEs)
Government organizations

Market by Geography

North America
Europe
Asia-Pacific
LAMEA

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This release was published on openPR.