Global BYOD Security Market to Reach US$ 198.2 Billion by 2032, Propelled by Rising Security Concerns Over Sensitive Enterprise Data

September 13, 2022 | Technology & Media

According to the latest report by IMARC Group, titled “BYOD Security Market Report by Device Type (Laptop, Smart Phone, Tablet), Solution (Mobile Device Management, Mobile Application Management, Mobile Content Management, Mobile Identity Management), Deployment Type (On-premises, Cloud-based), End User (Large Enterprises, Small and Medium-sized Enterprises, Government Organizations), and Region 2024-2032”, the global BYOD security market reached a value of US$ 64.6 Billion in 2023. BYOD security refers to the additional layer of protection, such as a password, pin, or another authentication factor, that secures sensitive enterprise data. It is generally shared via the personal devices of employees to access their organizational networks. Depending on the activity, personal devices could include smartphones, personal computers, tablets, or USB drives that access corporate emails, connect to company networks, and access corporate apps and data. Its usage reduces costs associated with hardware, software licensing, and device management. There has been an increasing demand for BYOD security worldwide due to the growing incidences of cyber-attacks and data breaches involving private companies and government agencies.

Global BYOD Security Market Trends:

The global market is majorly driven by escalating security concerns regarding sensitive enterprise data and employee-owned devices. This can be attributed to the rising number of security threats and data breaches across the corporate sector. Additionally, the rising usage of smartphones and tablets that are susceptible to malware infections through external storage devices, such as USBs and other media cards, is propelling the market. The growing number of work-from-home (WFH) employees using their own devices in numerous organizations is also acting as a significant growth-inducing factor for the market. The market is further fueled by continual technological advancements, along with the augmenting adoption of the internet of things (IoT) and artificial intelligence (AI). Some of the other factors providing an impetus to the market include considerable growth in the information technology (IT) sector, rapid digitization, increasing penetration of high-speed 5G internet connection, an increase in the tech-savvy population, and extensive research and development (R&D) activities conducted by key players. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 198.2 Billion by 2032, exhibiting a CAGR of 13during 2024-2032.

Market Summary:

  • Based on the device type, the market has been segmented into laptop, smartphone and tablet.
  • On the basis of the solution, the market has been divided into mobile device management, mobile application management, mobile content management, and mobile identity management.
  • Based on the deployment type, the market has been categorized into on-premises and cloud-based.
  • On the basis of the end user, the market has been classified into large enterprises, small and medium-sized enterprises, and government organizations.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include 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:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Device Type, Solution, Deployment Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
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Global BYOD Security Market to Reach US$ 198.2 Billion by 2032, Propelled by Rising Security Concerns Over Sensitive Enterprise Data
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