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BYOD Security Market | Key Drivers, Business Insights and Future Trends along with Leading Market Players
According to the report published by Allied Market Research, The BYOD Security Market | Key Drivers, Business Insights and Future Trends along with Leading Market Players. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.Rise in the productivity of the organizations has led to the increased adoption of BYOD across varied industry verticals. This ultimately helps the market to grow at a rapid pace. As the 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. To secure confidential corporate data on mobile devices, BYOD security policies play an important role and regulate the use of the employee's personal devices at workplaces.
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BYOD security market size is expected to garner USD 24.6 billion by 2020, registering a CAGR of 36.3% during the forecast period 2014-2020.
The market is analyzed form the perspective of software tools such as Mobile Device Management (MDM), Mobile Application Management (MAM), Mobile Content Management (MCM) and Mobile Identity management. Presently MDM is driving the market of global BYOD security.
The BYOD security market analysis is also performed through various security software such as Mobile Data security, mobile data security and network security. Additionally, according to various end-users and large enterprises adopt the BYOD policies and have a large tendency to use BYOD security tools amongst others (small and medium scale and government organizations).
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Every year, market penetration of mobile devices such as smartphones, tablets and laptops are rising at a rapid pace. Rise in the use of mobile devices by working professionals, boosts the BYOD adoption across diverse sectors and regions, which has a greater impact on the global BYOD security industry.
Low awareness limits the use of personal devices for business purposes, which in turn hinders the growth of the BYOD security market. Further, an increase in the awareness for BYOD security software would increase the adoption rate in the years ahead. Hence, the impact of the factor would decrease by 2020.
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Geographically, the market is segmented across North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East & Africa). North America was the highest revenue-generating segment in 2013. A larger adoption of BYOD considerably increases security concerns and internal threats in the North American countries. This in turn increases the BYOD security market size in the region.
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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Key findings of BYOD Security Market:
● The global BYOD security market would grow due to increase in the adoption BYOD across companies in emerging markets and amplification of businesses during the forecast period (2014-2020)
● Tablet security software would witness an increasing growth with a CAGR of 46.2% during 2014-2020
● Mobile application management segment would grow at a rapid rate as compared to other solutions, which includes mobile device management, mobile content management and mobile identity management
● North American region generates highest revenue for the global market
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Lastly this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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