Enterprise Mobility Market - CYOD and BYOD to Surge Demand For Enterprise Mobility Solutions

Transparency Market Research has added a report that illustrates the scenario of the global enterprise mobility market. This market is highly fragmented and fast moving as many new players are emerging in the market. The agile technology is providing opportunities for new players to fill the market with new products, while the same agility is motivating big players to advance for strategically mergers and acquisitions. This market features the presence of some prominent companies that together dominate the global market. Whereas, the competition within these players is resilient.

The report estimates that the global enterprise mobility market will grow at 24.7% CAGR over the forecast period of 2015-2022. The market was valuated US$86.36 bn in 2014 and due to massive expansion of CAGR it is estimated to be gain the value of $510.39 bn by 2022.

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North America Leads the Market Due to High Concentration of Tech Giants

Currently, enterprise mobility has found the key applications across industries such as the IT and telecommunications, logistics, transportation, retail, manufacturing, financial services and insurance (BFSI), and banking. Among these industries, the IT and telecom industry has prominent influence over the global enterprise mobility market. In 2014, telecom and IT industries together formed 28.5% share of the market, contributing the revenue of about US$24.64 bn. This industry is anticipated to sustain its position in the global market and by the end of 2022, is expected to contribute about US$151.12 bn to the global market.

The North America is currently leading the global enterprise mobility market, contributing to about US$25.18 bn revenue to the global market in 2014, and accounting to 29% of the total share. The high rate of adoption of technological advances across enterprises and concentration of leading vendors are the key factor leading to the North America’s dominance. It is expected that the market North America will continue to grow over the forecast period.

CYOD and BYOD to Surge Demand For Enterprise Mobility Solutions

Globally spread enterprises are constantly demanding for the solutions that will channel their large number of computing devices and create an advance communication infrastructure that will facilitate the communication throughout all their devices. Furthermore, enterprise policies such as choose-your-own-device (CYOD) and bring-your-own-device (BYOD) is increasing the number of devices needed to be integrated with enterprise networks. This scenario is demanding for advanced enterprise mobility solutions, which is a key driver of this market.

Modern enterprise business strategies are demanding for solutions offered by enterprise mobility players that will facilitate a faster pace of operations. Enterprises that are focusing on creating global network need much advanced and cheaper solutions that will help them execute their operations. Furthermore, as enterprise mobility solutions enhance the decision-making speed, enterprises are constantly demanding for better solutions.

Ability to Interconnect Employees Drives the Market

Security of communication has been an important concerns of all the enterprises. Risks such as sensitive data loss, device theft, and malicious software existed before mobile technology. However, mobility has added new complications such as immature management, short device life cycle, no dominant operating system, and endpoint ownership. Nevertheless, technologists are constantly strengthening the security of enterprise mobility solutions, which will assist the marketer to overcome the aforementioned complications.

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The ability of enterprise mobility to interconnect the vast number of employees in enterprises with the help of wireless IP networks, managed services, cloud computing, smartphones, and tablets is one of the key driving forces of this market.

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This release was published on openPR.