The BYOD and enterprise mobility market is predicted to reach a net worth of US$ 72.96 Billion in 2022 and achieve figures of over US$ 308.25 Billion by 2032. The market is growing at an aggressive CAGR of 15.5% during the forecast period. Some of the advancing factors in the market are:
| Attributes | Details |
|---|---|
| BYOD and Enterprise Mobility Market Value (2022) | US$ 72.96 Billion |
| BYOD and Enterprise Mobility Market Value (2032) | US$ 308.25 Billion |
| BYOD and Enterprise Mobility Market CAGR (2022 to 2032) | 15.5% |
The BYOD (bring your own device) and enterprise mobility is a policy the enable employees to use their personal consumer electronics devices such as smartphones, tablet, and laptop for official purposes.
The global BYOD and enterprise mobility market is expected to have significant growth rate, attributed to growing SMEs comfort in cloud-based services and high demand for BYOD and enterprise mobility solutions by various sectors such as healthcare and life sciences, energy and utility, media and entertainment, retail and consumer goods, it and telecommunication, and transportation and logistics.
North America and Western Europe has substantial growth in the global BYOD and enterprise mobility market, owing to rapidly growing cloud-based services in the region.
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The US is anticipated to dominate the global market by registering a significant share during the forecast period. The rising adoption of software-defined perimeter and advanced technologies are surging the US market. Rapid urbanization and adoption of BYOD and enterprise mobility boosting market share.
The adoption of cloud-based computing systems is widely growing in the US due to their flexibility, security and quality control. Recently, the demand for high speed, automatic software integration and unlimited storage capacity is increasing the adoption of cloud-based computing in the US market. China is the second leading nation in the global market to contribute a high CAGR during the forecast period.
The presence of prominent players and growing R&D activities are increasing the US market opportunities. The newly launched products and acquisitions among companies uplift the market size to another level.
The players are innovating marketing tactics and experimenting with several projects to increase the market share. A few prominent players in the market are Tech Mahindra, Cisco Systems, Accenture, SAP SE, Infosys Ltd, Oracle Corporation and Tata Consultancy Services Ltd.
The growth of the global BYOD and enterprise mobility market is driven by growing consumer electronics market, increasing the comfort level of companies with cloud-based services, growing MDM market, and digitalization. Macroeconomic factors such as growing economy, the rapid rate of urbanization, and employment rate as well as the rapid rate of industrialization driving the global BYOD and enterprise mobility market.
Factors trending the global BYOD and enterprise mobility market include the adoption of the BYOD and enterprise mobility by small and medium enterprises (SMEs), high-security concern and need to mitigate security risks.
The company operates in the BYOD and enterprise mobility market have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing industrial economy. The BYOD and enterprise mobility market also has a significant opportunity in the North America and Western Europe region, attributed to growing cloud-based application industry in the region.
Principal Consultant
The global BYOD and enterprise mobility market is segmented on the basis of security, software, deployment type, end-use, organization size, and region. On the basis of deployment mode, the global BYOD and enterprise mobility market is segmented as on-premise and in-cloud, wherein in-cloud segment have significant revenue share and is expected to have substantial growth rate.
Based on the geographies, the global BYOD and enterprise mobility market is fragmented into seven regions -- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, North America and Western Europe account for a relatively high share of the global BYOD and enterprise mobility market in terms of value, attributed to the early adoption of software-defined perimeter and rapid rate of technological advancements in the region.
The Asia-Pacific except Japan region also accounts for the significant share in the global BYOD and enterprise mobility market with substantial growth rate, owing to the high demand for BYOD and enterprise mobility services by the large enterprises. Eastern Europe and Japan also accounts for significant value share in the global BYOD and enterprise mobility market.
The developing economy such as Middle East Africa and Latin America have a substantial growth in the global BYOD and enterprise mobility market. Overall, the outlook for the global BYOD and enterprise mobility market will have a positive growth over the forecast period.
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Few players in the global BYOD and enterprise mobility market include Interactive Intelligence, Connect First, inContact, Aspect Software Parent Inc., Enghouse Interactive, 8X8, Inc., Genesys, Oracle Corporation, Content Guru, Cisco Systems, Inc., Five9, Inc., Live Ops, Verizon, Oracle, Intelecom, Altitude Software, West Interactive, NewVoiceMedia, and Interactive Intelligence Group, Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The market is likely to register a CAGR of 15.5% through 2032.
The market is currently valued at US$ 72.96 Bn in 2022.
The market is likely to grow to a valuation of US$ 308.25 Bn by 2032
North America is likely to be a leading market during the forecast period.
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BYOD And Enterprise Mobility Market
