Bring Your Own Device (BYOD) Market

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In 2012, the Global Bring Your Own Device (BYOD) Market was worth around USD 64.95 billion and is predicted to reach around USD 318.41 billion with a compound annual growth rate (CAGR) of 15.38% during the projected period. Increased expansion of smartphones and the widespread of services like 4G LTE are anticipated to propel the industry growth in both developed and developing countries.

BYOD Market to Reach USD 318.41bn by 2022

In 2012, the Global Bring Your Own Device (BYOD) Market was worth around USD 64.95 billion and

is predicted to reach around USD 318.41 billion with a compound annual growth rate (CAGR) of 15.38%

during the projected period. Increased expansion of smartphones and the widespread of services like 4G

LTE are anticipated to propel the industry growth in both developed and developing countries. Since the

employees are more familiar with the devices which they personally owned and also they can execute

tasks more proficiently with their own devices, thus promoting work productivity. Employees have

exhibited a greater preference for employing the same device for professional as well as personal

applications with the aim of avoiding the troubles like inconvenience and theft which is attributed to

carrying two different devices. The requirement for carrying various devices and shifting from work to

personal devices or vice versa is terminated. Defeating security worries offered by BYOD execution is

among the key challenges for enterprises taking up this model. Potential security risks involve an

unregulated intermediary approach to sensitive data, challenges in evaluating vulnerability to risk and

tracing device theft, employees, and data with these gadgets leaving the company.

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Competitive Outlook and Trend Analysis

The major market players in the global BYOD industry are; Alcatel-Lucent, Cisco Systems, Mobile Iron,

IBM Corporation, and Good Technology. Rising utilization of personal devices in the companies has

ensued as amplified productivity due to the requirement for only a single device. Properties such as

protection of data alongside the legal problems need to be managed to render high-level support to

employees as well as device safety in case of theft, are the factors boosting the growth of this market.

The global BYOD market is segmented as follows :

By Device




Smartphones

Tablets

Laptops

By End User



Mid-to-Large Sized Businesses

Small Businesses

By Region


North America

o

o

o

U.S

Canada

Mexico


Europe

o

o

o

o

o

o

Germany

France

UK

Italy

Spain

Rest of Europe

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Asia-Pacific

o

o

o

o

o

o

Japan

China

Australia

India

South Korea

Rest of Asia Pacific


Rest of the World

o

o

o

o

Brazil

South Africa

Saudi Arabia

United Arab Emirates

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