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Global Bring-your-own-Device (BYOD) Market 2021 Recent Study including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts

Bring-your-own-Device (BYOD)

Bring-your-own-Device (BYOD) Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Bring-your-own-Device (BYOD) market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Retail Industry is Expected to Have Significant Growth in the Market

– Consumerization of retail where customers have increased access to information via technologies such as cloud, mobile and social is creating a new opportunity for retailers. To boost customer engagement, retailers are focused on data collection now more than ever before so that they help the customers to get better satisfaction. Organizations require employees to interact with customers and co-workers.
– BYOD is helping retailers to take advantage by providing more engaging in-store experiences to customers, reducing device procurement costs and gain visibility into in-store performance. BYOD helps the workers’ tip to acces resources at their fingertip increasing productivity and driving great employee and customer satisfaction.
– According to the Financial Impact of BYOD study, employees tackle work tasks the moment they receive them, accomplish them more quickly and gain some extra minutes, 37 minutes per week to be exact. BYOD users ranked highest on that scale, with an average 81 minutes saved per week. For retailers with a large number of associates, the regained minutes can quickly add up, translating into improved customer service that results in increased sales.
– With the increase in the number of connected wearable devices, the workers can keep themselves updated in real time information which will help them to take decision quicker and serve the customer as soon as they get the query.

Asia-Pacific to Witness the Highest Growth Rate

– The population of Asia-Pacific is booming because of the tech-savvy generation and increasing consumption of mobile devices among potential customers. Hence, organizations are adopting BYOD trends so as to retain the employees by providing benefits, such as flexible timing, internet use, and mobile technology for private as well as professional use.
– Additionally, rising IT spending across diverse sectors coupled with various government initiatives such as smart city, smart nation, digitization, etc., are anticipated to fuel growth in Asia-Pacific BYOD market in the coming years.
– Apart from this, the Asia-Pacific region has observed a change in the attitude of employees to adopt work from home culture which has improved their efficiencies, which in return Asia Pacific is an upcoming market for BYOD.

Market Overview:

  • The global Bring-your-own-Device (BYOD) market is expected to register a CAGR of over 15% during the forecast period, 2019 to 2024. High-speed like 4G and 5G services offered by telecom companies drive the BYOD market in both developing & developed economies. The increase in demand of smartphones have also supported the growth of Bring-your-own-Device (BYOD).
  • – Further, the increasing number of small and medium-sized enterprises, owing to the growing startup culture across developed and developing economies alike, has led to companies willing to adopt the BYOD culture to eliminate or restrict the initial infrastructure expenses which limit their early growth.
  • – In addition, organizations require employees to interact with customers and co-workers. The rise in the productivity of the organizations has led to the increased adoption of BYOD across varied industry verticals.
  • – To support a smooth workflow, in March 2018, BlackBerry and Microsoft partnered to empower the mobile workforce. By making Microsoft’s mobile apps seamlessly available from within BlackBerry Dynamics, enterprise users have a consistent experience when opening, editing, and saving a Microsoft Office 365 file such as Excel, PowerPoint, and Word on any iOS or Android device. This enabled users to work anytime, anyplace, with rich file fidelity.
  • – To ensure a large number of devices are connected, in April 2018-ForeScout Technologies Inc. expanded their device visibility platform to protect the extended enterprise. This ensured the implementation of an extra layer of security and support a large number of devices
  • – However, the integration of such concepts attracts large amounts of cyber threats and puts corporate data at risk of a data breach. This is expected to hamper the overall market growth over the forecast period.

    Key Manufacturers Like 

  • VMware Inc
  • Citrix Systems Inc.
  • International Business Machines Corporation
  • MobileIron Inc.
  • SAP SE
  • BlueBOX IT ( Lookout)
  • Cisco Systems, Inc.
  • Divide ( Google)
  • Hewlett
  • Packard Company
  • Pareteum Corporation
  • Kaspersky Lab
  • McAfee, Inc
  • Oracle Corporation
  • Sophos Group PLC
  • Symantec Corporation
  • Trend Micro Inc
  • BlackBerry Limited
  • Movius Corp..

    Scope of the Report:

  • Bring your own device (BYOD) is an emerging technological trend, wherein an employee is encouraged to utilize their own devices to access the company’s enterprise system and data. Nowadays, many people and organizations face restrictions regarding geographical borders and long distance collaborations within the team, and BYOD conveniently manages to connect them and allows access to the required information. This is opening new avenues for the industry players, thus having a positive impact on market growth over the forecast period. In North America, the major share of the working population brings their own devices to their respective organizations. However, is lagging behind, when compared to North America, in terms of the adoption BYOD.

    Bring-your-own-Device (BYOD) market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Bring-your-own-Device (BYOD) market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Bring-your-own-Device (BYOD) market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Bring-your-own-Device (BYOD) market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Bring-your-own-Device (BYOD) market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Bring-your-own-Device (BYOD) ?
    • Who are Opportunities, Risk and Driving Force of Bring-your-own-Device (BYOD) market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Bring-your-own-Device (BYOD) space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Bring-your-own-Device (BYOD) market opportunities, market risk and market overview of the Market?

    Lastly, the Global Bring-your-own-Device (BYOD) Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Bring-your-own-Device (BYOD) Market Report:

    • To provide a detailed analysis of the market structure along with the Bring-your-own-Device (BYOD) market forecast of various segments and sub-segments of the Bring-your-own-Device (BYOD) market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Bring-your-own-Device (BYOD) market trends that influence the global Bring-your-own-Device (BYOD) market

    Detailed TOC of Bring-your-own-Device (BYOD) Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rising Smart Devices Penetration
    4.3.2 Enhanced Employee Productivity and Satisfaction
    4.4 Market Restraints
    4.4.1 Security Concerns and Government Compliance
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment
    5.1.1 On-premise
    5.1.2 Cloud
    5.2 By End-user Vertical
    5.2.1 Retail
    5.2.2 Healthcare
    5.2.3 Government
    5.2.4 Energy and Utility
    5.2.5 Automotive
    5.2.6 Other End-user Verticals
    5.3 Geography
    5.3.1 North America
    5.3.2
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 VMware Inc
    6.1.2 Citrix Systems Inc.
    6.1.3 International Business Machines Corporation
    6.1.4 MobileIron Inc.
    6.1.5 SAP SE
    6.1.6 BlueBOX IT ( Lookout)
    6.1.7 Cisco Systems, Inc.
    6.1.8 Divide ( Google)
    6.1.9 Hewlett-Packard Company
    6.1.10 Pareteum Corporation
    6.1.11 Kaspersky Lab
    6.1.12 McAfee, Inc
    6.1.13 Oracle Corporation
    6.1.14 Sophos Group PLC
    6.1.15 Symantec Corporation
    6.1.16 Trend Micro Inc
    6.1.17 BlackBerry Limited
    6.1.18 Movius Corp.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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