Market Overview:

The global BYOD security market reached a value of US$ 48.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 113.37 Billion by 2027 exhibiting a growth rate (CAGR) of 14.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Bring your own device (BYOD) refers to the company policy of permitting employees to utilize their personal devices, such as laptops, tablets, and smartphones, in the workplace. It also enables them to access confidential information and applications belonging to an organization. As a result, it increases the flexibility, independence, work satisfaction, productivity, and efficiency of employees. In line with this, it benefits companies by cutting down expenses spent on hardware, software licensing, and device management. At present, due to a surge in cyber-attacks and data breaches to view, copy and steal confidential data of private companies and government organizations, there is a rise in the demand for BYOD security worldwide.

BYOD Security Market Trends:

The growing usage of BYOD security measures to secure enterprise data and employee-owned devices represents one of the key factors driving the market. Moreover, the rising utilization of various cutting-edge security-based technologies is promoting the use of personal devices for business purposes. This, along with a considerable increase in the adoption of the work from home (WFH) culture in organizations across the globe due to coronavirus disease (COVID-19) outbreaks, is propelling the growth of the market. Besides this, there is a rise in the use of smartphones and tablets in companies that can be infected by malware through the Internet and external storage gadgets, such as media cards and universal serial buses (USBs). Additionally, the expanding information and technology (IT) sector and the growing tech-savvy population around the world are positively influencing the market. Furthermore, key market players are focusing on investments, acquisitions and partnerships, and mergers. These strategies are projected to bolster the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global BYOD security market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on device type, solution, deployment type and end user.

Breakup by Device Type:

• Laptop
• Smart Phone
• Tablet
   

Breakup by Solution:

• Mobile Device Management
• Mobile Application Management
• Mobile Content Management
• Mobile Identity Management
   

Breakup by Deployment Type:

• On-premises
• Cloud-based
   

Breakup by End User:

• Large Enterprises
• Small and Medium-sized Enterprises
• Government Organizations
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alcatel-Lucent Enterprise (Nokia Oyj), Aruba Networks (Hewlett Packard Enterprise Development LP), Avaya Inc., BlackBerry Limited, Broadcom Inc., Cisco Systems Inc., Citrix Systems Inc., Forescout Technologies Inc., International Business Machines Corporation, iPass Inc. (Pareteum Corporation), Ivanti and VMware Inc.

Report Coverage: