(Bring Your Own Device) BYOD market size is estimated to be valued at USD 366.95 billion by 2022.

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BYOD and the Consumerization of IT
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Global Market Scenario of Bring Your Own Device

• Application of this system for enhancement of
  organizational productivity is predicted to
  positively impact BYOD market trend from 2015 to
  2022.
• It aids in reducing operating expenditure (OpEx)
  as well as capital expenditure (CapEx) by
  significantly reducing the cost incurred in
  purchasing systems. Users are also likely to be
  more convenient while using their own devices. 
• A well-implemented BYOD model ensures least IT
  support for employee-owned device, thus helping
  in cost savings.
• Cost optimization can also be achieved by
  selecting vendors strategically along with aiming
  for discounted pricing contracts for devices and
  applications.
• Increasing usage of mobile devices is predicted
  to drive the BYOD market size over the few coming
  years. Asia Pacific contributed the largest share
  for mobile phone subscriptions and it was
  reported to be home to around 3.6 billion
  subscribers in 2014

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• The rise in number of mobile phones can be
  attributed to low voice calling tariff,
  availability of low price handsets, and
  development of new technologies with considerable
  investment in building infrastructure by mobile
  operators.
• In addition, the proliferation of smartphones
  and the rollout of services such as 4G LTE are
  predicted to drive mobile phone market growth in
  both, developed as well as developing regions.
• The BYOD market size for smartphones was valued
  at over USD 50 billion in 2014, growing at a CAGR
  of over 17 from 2015 to 2022.
• A large number of users are forecast to utilize
  their own smartphones as the preferred device as
  it enables the user to combine their work as well
  as personal lives successfully.
•  

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North America BYOD market size, by device (USD
Billion)
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360 Analysis
Application Analysis Tablets are forecasted to
experience significant growth and the segment is
estimated to exceed USD 130 billion by 2022. The
rise in the sector can be attributed to the
ability of tablet programs to offer better
opportunities over the forecast period. Regional
Analysis U.S. BYOD market size accounted for
more than 30 of the overall industry share in
2014. It is projected to remain the largest
market from 2015 to 2022. Persistent usage
popularity among industry verticals, enterprises
and regions is expected to spur market
growth.  Asia Pacific BYOD market share is
anticipated to experience significant growth, at
a CAGR of over 20 from 2015 to 2022. Factors
such as increased smartphone penetration, reduced
hardware costs, and emergence of mobile business
user workforce are likely to spur
growth. Competitive Market Share Key industry
participants accumulating major BYOD market share
include Cisco Systems, Alcatel-Lucent, Good
Technology, MobileIron, and IBM Corporation.
Increasing use of personal devices in the
enterprises has resulted in increased
productivity owing to the need for a single
device only. Attributes such as safety of the
device in case of theft, security of information
along with cost structure and legal issues are
needed to be dealt with in order to offer support
to employee devices.

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