According to new study based Report on Bring Your Own Device by Global Market Insights, BYOD market size worth USD 94.15 billion in 2014 is forecast to reach USD 350 billion from 2015 to 2022. The report provides granular quantitative information on market together with key BYOD industry insights.
View a summary of the “Bring Your Own Device (BYOD) Market Size, Industry Analysis Report” @ https://www.gminsights.com/industry-analysis/bring-your-own-device-BYOD-market
Recently BYOD has been adopted across various verticals including logistics and retail, Telecom, IT, manufacturing, healthcare, public etc. This surging adoption of this system for enhancing organizational productivity is expected to drive the market growth.
Increasing use of, tablets, and laptops is anticipated to have a positive impact on the market. Furthermore, the proliferation of smartphones and 4G LTE is expected to fuel the market growth. A smartphone is expected to be the most preferred device, as it simplifies handling of both personal life and office work. The tablet segment is forecast to witness substantial growth over 130 billion in a predicted time frame.
Healthcare, financial services and insurance industry segments are predicted to be most key verticals. Moreover, both mid-to-large sized and small scale businesses have started adopting the system and are predicted to further the growth.
The report discusses the in-depth analysis of the Bring Your Own Device industry at the regional level, including India, Korea, Indonesia, Taiwan, Japan, Australia, China, Singapore, New Zealand, Malaysia, Philippines, and U.S.
U.S. BYOD market is expected to continue its dominance with the largest market share in the projected time frame. Asia Pacific BYOD market share is likely to witness substantial growth, at a growing CAGR of 20% during the expected period owing to lower hardware expenses, and surging smartphone penetration.
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The report covers competitive analysis of the market discussing the profiles, key market strategies of major market players accumulating major market share in the market are: Alcatel-Lucent, Cisco Systems, MobileIron, Good Technology,and IBM Corporation.
Increased productivity owing to growing use of personal devices is expected to trigger the market growth. Possible security threats, including device theft, challenges in tracking data and risk exposure, etc. need to be addressed to support the employees.
The report features:
- Market Definition for BYOD along with restraints, drivers, challenges, opportunities and adoption of trends in the market
- Market sizing and forecast
- Segmentation of competitive market and assessments on a regional scale
- Distribution channel assessment
- Analysis with factors influencing the market landscape
- Competitive Analysis of major market participants, company profiles and strategic activities
- Pricing and substantiality trends
Author Name : Dhananjay Punekar