The global BYOD market is
expected to reach USD 238.39 billion by 2020, according to a new study by Grand
View Research, Inc. Growing proliferation of smartphones and tablets coupled with
the preference to use a single device is expected to fuel market growth over
the next six years. Grand View Research also observes that reduction in OpEx
and CapEx is expected to drive BYOD adoption across enterprises.
Concerns regarding theft of the
mobile device and safety of classified data are key challenges for enterprises
implementing BYOD. Solutions such as mobile device management (MDM) and mobile
application and content management have been employed by organizations in order
to maintain security and management of data. Techniques including
infrastructure provisioning, virtualization and containerization are used to
ensure management.
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Further Key findings from the study suggest:
- Smartphones were the most widely used BYOD devices and accounted for the largest market share in 2013. Although laptops are also used to a large extent, they are expected to exhibit slower growth as compared to tablets, which serve the dual purpose of higher processing power and increased portability.
- Mid-to-large sized businesses accounted for over 75% of the overall market in 2013. BYOD can also help small businesses drive profitability as well as improve job satisfaction. Reduced hardware/device costs along with the use of cloud-based solutions are expected to favorably impact BYOD implementation. In terms of industry vertical, financial/insurance and healthcare have been among active adopters.
- North America led the market and accounted for 34.7% of the global market share in 2013; and is further expected to remain the largest regional segment over the next six years. BYOD adoption is expected to remain high in emerging markets. This can be attributed to relatively lower provision rate of corporate mobile devices in these regions coupled with high degree of comfort and flexibility of individuals in working during traditional downtime. BYOD demand in Asia Pacific is expected to grow at the fastest rate of 20.6% from 2014 to 2020.
- Key industry participants include Cisco Systems, MobileIron, IBM Corporation, and Good Technology Inc. among numerous others. In order to ensure successful implementation, it is essential to enforce BYOD policies and avoid data security risk.
For the purpose of this study, Grand View Research has
segmented the global BYOD market on the basis of device, end-use and region:
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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