The policy of bringing own device such as smartphones, tablets, laptops, PDAs to workplace, and using enterprise mobile apps to access corporate data is known as Bring Your Own Device(BYOD) Market. Enterprise mobility management is an outcome of the Bring Your Device (BYOD). BYOD and enterprise mobility together brings in higher flexibility in conducting business operations, provides convenience to employees, better workforce connectivity and smooth communication resulting in employee satisfaction and productivity. BYOD along with enterprise mobility is beneficial to various industrial sector such as large retailers, manufacturing, logistics, healthcare, automobile, construction and education industries.
Increasing Adoption of Smart Devices and Applications Is Expected To Drive Growth Of The Bring Your Own Device (BYOD) & Enterprise Mobility Market
Enterprise mobility applications supports BYOD. Organizations require employees to interact with customers and co-workers. There are multiple applications available to support this requirement. Some of the applications includes enterprise Dashboards, operational dashboards, financial dashboards, workflow management application, profitability dashboard which includes HR and expenses tracker, inventory and PO receipt management, fleet management, invoice approval application and many more.
Increasing demand for smart devices and apps, owing to cost saving, productivity, employee satisfaction, deep consumer knowledge, operational flexibility is a key factor driving growth of the global bring your own device (BYOD) & enterprise mobility market. Moreover, increasing adoption for BYOD in industrial sector across the globe is the ongoing trend observed, which is expected to support market growth in the near future. Organizations today are believing in the fact that BYOD is very useful to employees to be productive and confident along with convenience to use their own devices to access applications. BYOD is a cost saving solution as it helps in cost reduction of upfront device purchases. However, rising concerns about data security and data theft is the major factor expected to restrain market growth over the forecast period. various organizations are concerned about the security and dynamic changes taking place in the organization. Therefore, providing the right security measure and setting the right policy is most critical.
The global bring your own device (BYOD) & enterprise mobility market report has been segmented on the basis of solution type, deployment type, end-use vertical and region. On the basis of region, the global bring your own device & enterprise mobility market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Currently, the North America market dominates the global bring your own device (BYOD) & enterprise mobility in terms of revenue. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing adoption for BYOD Policy is expected to boost growth of the global bring your own device (BYOD) & enterprise mobility market.
Key players in the global bring your own device (BYOD) & enterprise mobility market include, Microsoft Corporation, Cisco Systems, Inc., Blackberry Limited, Infosys Limited, IBM Corporation, Tata Consultancy Services Limited, SAP SE, Tech Mahindra Limited, AT&T and Honeywell International.