BYOD And Enterprise Mobility Market Including Growth Factors, Applications
Posted by Sakshi Mishra on April 21st, 2021
The BYOD (Bring Your Own Device) and enterprise mobility market size is predicted to touch USD 94.41 billion at a 15.86% CAGR between 2018- 2023, states the recent Market Research Future (MRFR) analysis. BYOD or bring-your-own device is the policy to allow employees to bring their own devices like PDAs, laptops, tablets, and smartphones to the workplace and also use enterprise mobile applications for accessing corporate data.
Various factors are propelling the global BYOD and enterprise mobility market share. According to the recent MRFR report, such factors include the growing adoption of cloud-based services by SMEs, growing demand for BYOD & enterprise mobility solutions in different sectors such as transportation and logistics, healthcare, retail, IT and telecom, manufacturing, automobile, BFSI, and others, growing economy, and increasing employment rate. Additional factors adding market growth include urbanization, growing economy, the rapid rate of industrialization, reduced hardware costs, rising penetration of smartphones, and increasing need for enterprise mobility software in large enterprises.
On the contrary, risk about the security of data, varying nature of government regulations and rules, the high price of BYOD, and the ongoing COVID-19 impact may limit the global BYOD and enterprise mobility market growth over the forecast period.
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By region, the BYOD and enterprise mobility industry covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Among these, North America will dominate the market over the forecast period. The preference of employees to work on tablets and smartphones for business purposes, coupled with the booming cloud-based application industry, is adding to the global BYOD and enterprise mobility market growth in the region.
The global BYOD and enterprise mobility market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing adoption of industry trends, coupled with high adoption of BYOD solutions for rising acceptance by companies for mobile handset device uses for professional purposes, is adding to the global BYOD and enterprise mobility market growth in the region.
The global BYOD and enterprise mobility market in Europe is predicted to have healthy growth over the forecast period. Better work culture and system, increasing adoption, technological advances, and the increasing awareness of the benefits of using this technology such as high integration possibilities and better cloud facilities are adding to the global BYOD and enterprise mobility market growth in the region.
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About the AuthorSakshi Mishra
Joined: September 30th, 2020
Articles Posted: 512
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