BYOD Market Analysis and Research Report, 2016 to 2024

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BYOD (Bring Your Own Device) Market Share, Size,
Analysis, Regional Outlook, Growth, Trends and
Forecasts to 2024 Hexa Research
The global BYOD (Bring Your Own Device) market
is expected to surpass USD 350 billion by 2022
The global Bring Your Own Device (BYOD) Market is
projected to exceed 350 billion by 2022 from USD
94.15 billion in 2014. Widespread adoption of
devices, like tablets, smartphones, and laptops
can positively affect the market over the
forecast period (2016 - 2024). BYOD enables
employees bring their own devices to work. This
not only reduces hardware device costs but also
boosts employee productivity satisfaction.
4G LTE services offered by telecom companies can
drive the BYOD market in both developing
developed economies. High demand for mobile
phones owing to their low prices and low voice
calling tariffs may boost the Asia Pacific market
till 2024.
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BYOD increases the possibility of security risks,
such as device thefts, tracking data, and
hacking. Oftentimes, when employees using their
own personal devices at work, leave an
organization, take with themselves crucial
organizational data information. Moreover,
device seizure data loss and governance
compliance issues can restrain market demand.
The BYOD market is fragmented into software,
end-uses, devices, and regions. Software is
divided into Enterprise Mobile Email Management
(EMEM), Mobile Application Management (MAM),
Mobile Devices Management (MDM), Enterprise
Mobile Content Management (EMCM), and Telecom
Expense Management (TEM). Improvements in IT
technology can further increase the adoption of
BYOD, thus propelling market growth.
Based on end-use, the industry is segmented into
mid-to-large sized businesses and small
businesses. A number of companies are taking to
the BYOD concept to minimize both operating
expenditure (OpEx) and capital expenditure
(CapEx). Employees too, share the costs incurred
on their devices. This in turn, lowers the costs
borne by the company.
Small midsized businesses (SMBs) use MDM
(Mobile Device Management) solutions to manage
their mobile devices and to increase security. A
number of vendors have also introduced
tailor-made solutions for SMBs to capitalize on
their growth prospects. With a 75 market share
(in terms of revenue), mid-to-large sized
businesses dominated the industry in 2013. BFSI
(Banking, Financial services and Insurance) and
healthcare will play a key role in driving the
worldwide BYOD market. The growing need for
coordinating with customers co-workers and for
remote access to information can boost the
adoption of BYOD in BFSI.
Based on devices, the industry is segmented into
smartphones, tablets, and laptops. Owing to high
demand popularity, smartphones dominated the
market with a 55 share in total revenues in
2013. Since, tablets possess features of both
laptops and smartphones, they are a widely
preferred choice among consumers. This may aid in
market penetration and greater adoption of
tablets in BYOD.
Regions include North America, Europe, Asia
Pacific, and Rest of the World (RoW). North
America generated more than USD 25 billion in
2013. The region will continue to dominate the
global market during the forecast period. The
work from home option coupled with low
provision rate of corporate mobile devices could
increase the adoption of BYOD.
The Asia Pacific BYOD market is a rapidly growing
one. Factors fueling this region are the robust
use of smartphones and tablets and their
subsequent impact on information technology. Even
though there are a
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large number of employees who use their own
devices for work purposes, the absence of formal
policies supporting BYOD is a major challenge in
this region.
MobileIron, Cisco Systems, Good Technology Inc.,
and IBM Corporation are the prominent players in
the global BYOD market. These companies give
considerable importance to talent retention,
operational simplification, and cost reductions
for enhancing their respective market shares.
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Table of Content of Bring Your Own Device (BYOD)
Market
1. Methodology Scope
1.1 Research Methodology
1.1.1 Initial Data Exploration 1.1.2 Statistical
Modeling and Forecast 1.1.3 Industry Insights and
Validation 1.2 Research Scope Assumptions 1.3
List of Data Sources
2. Executive Summary
2.1 Industry Summary of Bring Your Own Device
Market
3. Industry Outlook
3.1 BYOD Market Segmentation 3.2 BYOD Market Size
and Growth Prospects 3.3 BYOD Market Dynamics
3.4 Key Opportunities Prioritized 3.5 Industry
Analysis - Porter's 3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 BYOD Market share by application, 2016 2024
5. Regional Outlook 5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa) 5.6 RoW (Rest of
the World)
6. Competitive Landscape
6.1 MobileIron
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6.1.1 Company Overview 6.1.2 Revenue
Analysis 6.1.3 Product Benchmarking 6.1.4
Strategic Initiatives 6.2 Cisco Systems
6.2.1 Company Overview 6.2.2 Revenue
Analysis 6.2.3 Product Benchmarking 6.2.4
Strategic Initiatives 6.3 Good Technology
Inc. 6.3.1 Company Overview 6.3.2 Revenue
Analysis 6.3.3 Product Benchmarking 6.3.4
Strategic Initiatives 6.4 IBM Corporation
6.4.1 Company Overview 6.4.2 Revenue
Analysis 6.4.3 Product Benchmarking 6.4.4
Strategic Initiatives
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