The report on the Global BYOD And Enterprise Mobility Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.
Growing smartphones and penetration of the internet has bolstered the global market for BYOD and enterprise mobility by 2023. The growth rate of the market is recorded to be 15.86% CAGR, where the market is also expected to gain a valuation of USD 94.41 billion from USD 39.04 billion that was valued way back in 2017. This research report has been published by Market Research Future Reports by studying about the market in depth.
The BYOD is referred to as ‘bring your own device’ which enables employees to use their electronic devices such as tablets, smartphones, and laptops for professional purposes. In this, increased productivity, employee satisfaction, and reduced hardware costs are positively impacting the company, its employees and the overall growth of the market.
As per the reports, the global BYOD and enterprise mobility market is proliferating owing to some of the essential factors that are accounted as surging demand for workforce mobility coupled with increasing adoption of SMACT technologies. The SMACT technologies are being used across diverse sectors such as retail, manufacturing, healthcare, government, logistics, BFSI and many more. With the use of such technology, the market of BYOD and enterprise mobility market is being fueled in broader ways and expecting to cater more opportunities in the future line.
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Currently, several companies are more attracted towards BYOD trend, which may be one of the most exceptional fueling reasons for the global market growth. With the increase in the global ‘bring your own device’ (BYOD) & enterprise mobility market, it is observed that the market will continue with its growth owing to the high penetration of smartphones. Furthermore, reduced cost of hardware for enterprise also enhances the global bring your own device (BYOD) & enterprise mobility market in a positive aspect.
On the other hand, the global BYOD & enterprise mobility market is also multiplying owing to outstanding company strategies of merger and acquisition; which in turn is anticipated to foster the global bring your own device (BYOD) & enterprise mobility market by the forecasted period. Similarly, a security system that is established in every organization to achieve success in BYOD & enterprise mobility is a perilous job and may restrain the global market growth in the forecasted period. Moreover, other factors impacting the market includes ongoing smart society reforms and increasing focus on mobile application development. More factors such as demand for enterprise mobility software in large enterprises with experts in IT departments, and growing eminence of managed mobility services are bolstering the BYOD and enterprise mobility market.
The key players in the BYOD and enterprise mobility market such as Microsoft Corporation, Cisco Systems, Inc., Blackberry Limited, Infosys Limited, IBM Corporation, Tata Consultancy Services Limited, SAP SE, and Tech Mahindra Limited are contributing to the best of their efforts making the market more prominent and rise in the years to come.
Rendering to the mentioned reports on BYOD and Enterprise Mobility Market, it has been divided as software, security, service, deployment, and end-user.
By software segmentation, the market includes device management, application management, data management, email management, telecom expense management, and others.
By security segmentation, the market includes device security, application security, content security, network security, identity access management, and multiple-user management.
By service segmentation, the market includes managed and professional services.
By deployment segmentation, the market includes cloud and on-premise.
By end-user segmentation, the market includes BFSI, automobile, manufacturing, IT & telecom, retail, healthcare, transportation and logistics, and others.
The prominent players, according to MRFR in the BYOD and enterprise mobility market are Microsoft Corporation (US), Cisco Systems, Inc (US), Blackberry Limited (Canada), Infosys Limited (India), IBM Corporation (US), Tata Consultancy Services Limited (India), SAP SE (Germany), and Tech Mahindra Limited (India). Other players in the BYOD And Enterprise Mobility market are AT&T (US), Honeywell International (US), Capgemini (Germany), Oracle Corporation (US), Accenture (US), and HCL Technologies (India)
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In the reports of MRFR, regionally, the global BYOD and enterprise mobility market has covered the central regions of North America, Europe, Asia-Pacific, and the rest of the world.
Among these, North America leads to the BYOD and enterprise mobility market owing to the growing cloud-based application industry in most of the countries.
Whereas, Asia-Pacific is boosting at a considerable growth rate of the market and is expected to appear as one of the fastest growing markets attributing to the rapid adoption of modern trends. These regions have come over to be the chief adopters of BYOD solutions owed by the increasing inclination of companies towards the use of mobile devices for professional purposes. Also, the increase in adoption of tablets and smartphones by employees for business purposes are purposely creating heights for the market to expand exponentially in the mentioned time.
Europe also accounts for a high share of market owing to growing economy, urbanization, and increasing employment rate. It has also been mentioned that speedy rate of industrialization is driving the global BYOD And Enterprise Mobility market tremendously in the present years, which will bolster even in the forecast period as well.
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