Industry insight
The
global BYOD security market 2020 is estimated with a valuation of USD 69
Billion by the year 2023, according to the report found by Market Research
Future. The report also states that the market is set to grow at a rate of ~37%
during the assessment period.
Top
Impacting Factors
BYOD
is known by “Bring Your Own
Device.” In current times,
employees are accepting personal mobile gadgets such as smartphones, tablets,
PCs at the workplace to complete work through efficiently. In the existing
working environment, every company wants its employees to be more productive as
well as healthier networks with the safety of corporate data. The usage of
personal devices at the workplace can surge the productivity of the employees
simultaneously raises the risk of data leaking. All these factors have made the
market of BYOD security more valuable than previous years that could make
growth possibilities higher in the forecast period.
The
implementation of BYOD security systems aided in preserving an organization's
intellectual property by avoiding cyber attacks. It also facilitates employees
in taking optimal advantage of working from convenient locations. This factor
is also motivating the market growth for the assessment period. In fact, a more
significant number of business firms, across the world, are also promoting the
application of these systems, thereby facilitating the employees to carry their
own devices. It also encourages the employees to make quick decisions and
access real time data easily. Besides, it also aids in accessing relevant data
by the deployment of effective security solutions. All these factors have
profoundly contributed to the growth of the global BYOD
security market.
Over
these factors, more factors such as escalating demand for smartphones is
anticipated to propel BYOD security market growth. A large number of employees
are likely to prefer and carry out work-related tasks such as accessing and
sending emails. This is predicted to ensure employee productivity independent
of the work location. Security risks are also high in case of theft or loss of
the device. Some attributes such as lightweight and compact size tablet phones
are likely to lead the market on the path of replacement of laptops with tablet
phones for carrying out business tasks.
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Segmentation
of Market: BYOD Security
BYOD
security market, as per segmental analysis has included the segments of device,
security solution, software, and end-user.
Among
the device type segment, the global BYOD security market has included
smartphones, tablets, and laptops. Out of which, smartphones and tablets are
likely to be more and more critical for the global BYOD security market over
the assessment period owing to its growing use by employees working remotely.
Among
the software segment, the global BYOD security market has included mobile
device security, mobile data security, and network security.
Among
the security solution segment, the global BYOD security market has included
mobile application management, mobile device management, mobile identity
management, and mobile content management.
Among
the end-user segment, the global BYOD security market has included large
enterprises and small & midsized enterprises.
Regional
Outlook
North
America is to be expected to lead the regional market for BYOD security over
the assessment period owing to the expanding demand for BYOD policies in the
region. Employers in the region are ever more adopting BYOD policies in order
to save charge on workplace equipment and maintenance. The mounting development
of advanced telecommunications systems in North America is also anticipated to
be a key driver for the BYOD security market in the region, as this facilitates
the easy adoption of BYOD policies in several countries. Several leading
internet security market players are also based out of North America, leading
to the smooth growth of the BYOD security market in North America over the
assessment period.
In
fact, the Europe region is also likely to retain a lead share in the global
BYOD security market over the forecast period owing to the rising demand for
BYOD working policies in the region.
The
mounting corporate sector in the Asia Pacific region and the increasing
availability of advanced telecommunications solutions to activate BYOD
operations smoothly is to drive the Asia Pacific market for BYOD security
solutions over the forecast period. Asia Pacific is also likely to exhibit the
fastest growth in the global BYOD security market over the assessment period.
Top
Market Players
The
foremost players in the global BYOD security market are listed as IBM, Hewlett
Packard Enterprise, Symantec Corporation, Avaya Inc., Cisco Systems, Good
Technology Corporation, Fortinet Inc., VMware Inc., Mobileiron Inc., and Citrix
Systems Inc.
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https://www.marketresearchfuture.com/reports/byod-security-market-2961
BYOD Security Market Research Report:
Information by Technology (Hall Effect, Magneto Resistive, Variable
Reluctance), By Application (Automotive, Industrial, Aerospace & Defense,
Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle
East & Africa, and South America)—Forecast till 2030
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