BYOD Security Market size to exceed USD 25 billion

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BYOD Security Market size anticipated to exceed
USD 25 billion, growing at a CAGR of over 25
from 2016 to 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of BYOD Security Market

• Asia Pacific is predicted to experience
  substantial growth. This can be credited to
  surging foreign investments in emerging economies
  such as China, India, Singapore, and Indonesia,
  as well as high smartphones demand.
• North America is predicted to lead BYOD security
  market size and continue its dominance over the
  forecast period. Rapid development in security
  based technologies is likely to propel growth
  across the region.
• Increasing competition among industry
  participants to increase productivity and earn
  high revenue by focusing on employee comfort may
  fuel the industry over the coming years.

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Application Analysis of BYOD Security Market

• A larger number of business firms across the
  world are now promoting the application of these
  systems, thereby facilitating their employees to
  carry their own devices.
• It also facilitates employees in taking quick
  decisions and also allows to access real time
  data. In addition, it also aids in accessing
  critical data by deployment of effective security
  solutions.
• Escalating demand for smartphones is anticipated
  to propel BYOD security market size growth. A
  large number of employees are likely to prefer
  and carry out work-related tasks such as
  accessing and sending emails on the go.

4
Competitive Market Share of BYOD Security
Market

• Key participants with BYOD security market share
  are now increasingly investing in research and
  development in designing solutions in order to
  effectively tackle the rising number of security
  threats and also lessen their impact on the
  industry.
• For example, Fortinet Inc., recently detected
  211G1 malware and also developed advanced
  techniques for blocking the same.
• Other important players in the industry
  encapsulate International Business Machines
  (IBM), Citrix Systems, VMware, Good Technology
  and MobileIron.

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