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Bring Your Own Device Market Estimated To Grow $238.39 Billion by 2020: Grand View Research, Inc.

Bring Your Own Device Market Estimated To Grow $238.39 Billion by 2020: Grand View Research, Inc.
"Grand View Research, Inc. - Market Research And Consulting."
According to report published by Grand View Research, Growing proliferation of smartphones and tablets coupled with the preference to use a single device is expected to fuel Bring Your Own Device market growth

According to a report “Bring Your Own Device (BYOD) Market Analysis by Device (Smartphones, Tablets, Laptops), By End-Use (Mid-To-Large Sized Businesses, Small Businesses) And Segment Forecasts To 2020”, published by Grand View Research, Inc. The global BYOD market is expected to reach USD 238.39 billion by 2020, according to a new study by Grand View Research, Inc. Growing proliferation of smartphones and tablets coupled with the preference to use a single device is expected to fuel market growth over the next six years. Grand View Research also observes that reduction in OpEx and CapEx is expected to drive BYOD adoption across enterprises.

Concerns regarding theft of the mobile device and safety of classified data are key challenges for enterprises implementing BYOD. Solutions such as mobile device management (MDM) and mobile application and content management have been employed by organizations in order to maintain security and management of data. Techniques including infrastructure provisioning, virtualization and containerization are used to ensure management.

Further key findings from the study suggest:

  • Smartphones were the most widely used BYOD devices and accounted for the largest market share in 2013. Although laptops are also used to a large extent, they are expected to exhibit slower growth as compared to tablets, which serve the dual purpose of higher processing power and increased portability.
  • Mid-to-large sized businesses accounted for over 75% of the overall market in 2013. BYOD can also help small businesses drive profitability as well as improve job satisfaction. Reduced hardware/device costs along with the use of cloud-based solutions are expected to favorably impact BYOD implementation. In terms of industry vertical, financial/insurance and healthcare have been among active adopters.
  • North America led the market and accounted for 34.7% of the global market share in 2013; and is further expected to remain the largest regional segment over the next six years. BYOD adoption is expected to remain high in emerging markets. This can be attributed to relatively lower provision rate of corporate mobile devices in these regions coupled with high degree of comfort and flexibility of individuals in working during traditional downtime. BYOD demand in Asia Pacific is expected to grow at the fastest rate of 20.6% from 2014 to 2020.
  • Key industry participants include Cisco Systems, MobileIron, IBM Corporation, and Good Technology Inc. among numerous others. In order to ensure successful implementation, it is essential to enforce BYOD policies and avoid data security risk.

The U.S. BYOD market by device (USD Billion), 2012 - 2020

The U.S. BYOD market by device (USD Billion), 2012 - 2020

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Grand View Research has segmented the global BYOD market on the basis of device, end-use and region:

BYOD Device Outlook (Revenue, USD Billion, 2012 - 2020)

  • Smartphones
  • Tablets
  • Laptops

BYOD End-Use Outlook (Revenue, USD Billion, 2012 - 2020)

  • Mid-to-Large Sized Businesses
  • Small Businesses

BYOD Regional Outlook (Revenue, USD Billion, 2012 - 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW
  •  

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist - U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/bring-your-own-device-market



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