BYOD Security Market Overview:

BYOD Security Market at 37% CAGR between 2017 and 2023. By value, the market can be worth USD 69 bn by the end of the forecast period.

The vogue of bring your own device (BYOD) is about employees of the organization bring their own devices (usually laptops) to work. However, with the documents and data of an organization. The recently published report on the global BYOD security market published by Market Research Future (MRFR) foretells success

Monitoring the market structure, this report mensurates the future growth potential of the market. It characterizes the strategies of major market players in the market and aids the competitive developments like research & developments (R&D), new product developments, mergers & acquisitions, joint ventures.

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Foremost factors driving the global BYOD security market growth are the increasing demand for strong authentication to access the enterprise atmosphere and urgency to safeguard the encrypted sensitive data of the organization. Among the other factors ensuring security and subsequent market growth is the ability of secured architecture to remotely remove the enterprise data if the device is lost or the employee resigns from the organization.

The high adoption of smartphones, tablets, and laptops that supports the users to be more productive and efficient by providing them with an opportunity to work anytime and anywhere. Due to this factor, the enterprise allows the users to access the enterprise services and data from personal devices of employees even if they are outside the boundary of the trusted enterprise network. This is also triggering the global intake of BYOD security. Other factors supporting the global BYOD security market growth include improved productivity, more agility, ease of using office email, smooth access to documents, and lastly, greater flexibility in performing the job as the employee can use the device for both professional and personal use.

Key Players

Major players in the global BYOD security market include Avaya Inc. (USA), Cisco Systems (USA), Citrix Systems Inc. (USA), Fortinet Inc. (USA), Good Technology Corporation. (USA), Hewlett Packard Enterprise (USA), International Business Machines (IBM) Corporation (USA), Mobileiron Inc. (USA), Symantec Corporation (USA), and VMware Inc. (USA).

Latest Industry News

16 JUL 2019 Independent Software Vendor (ISV) SyncDog Inc. has forged a partnership with UK mobile security solutions company Nine23. This partnership aims to offer solutions regarding mobile security and data loss prevention.

Market Segmentation

The global BYOD security market segmentation covers device type, end-user, security solutions, and software. MRFR is decoding features of these segments to have a comprehensive picture of the global market.

By device type, this market has been segmented into laptop, smartphone, and tablet. Integration of smartphone to support the professional aspect is expected to fetch remarkable revenues.

Based on end-user, the market has been segmented into small & medium enterprises (SMEs) and large enterprises.

In the context of security solutions, the market has been segmented into mobile application management, mobile content management, mobile device management, and mobile identity management. The software-based segmentation of this market covers mobile data security, mobile device security, and network security.

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Regional Segmentation

The regional segmentation of the global BYOD security market covers Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW).

North America is the largest regional market due to the high adoption of BYOD concept by large- and small-scale enterprises as both are concerned about security. Other factors aiding the market growth in this region are technological advancement, availability of high-speed internet, developed IT infrastructure, and the presence of important market players. After USA, Canada is the other important country-specific market.

Asia Pacific can rise as the fastest growing regional market. Powerful economies in this region that can be major country-specific markets are China, India, and Japan. China and India have booming IT industries.

In Europe, most of the reasons for market growth are same as in North America. Vibrant economies that can be important country-specific markets in this region include France, Germany, and the UK.

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