The global BYOD and enterprise mobility market to grow at a CAGR of 24.12% during the period 2017-2021.
The report, Global BYOD and Enterprise Mobility Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is growing awareness of cloud-based BYOD security. Cloud is a convenient and cost-effective way to store business critical data, and thus its adoption is increasing among small- and medium-sized businesses (SMBs) worldwide. The need for cloud security solutions, such as cloud-based BYOD security, is also increasing in effect. The adoption of premise-based security software among SMEs is limited due to budget constraints, sparse resources, and a lack of expertise to address security problems. Cloud-based BYOD security does not require any hardware or software and is controlled remotely, making it cost effective for end-users.
According to the report, one of the major drivers for this market is Cost savings with BYOD. BYOD is an IT policy wherein employees of a company are encouraged to use their own personal mobile devices such as smartphones, tablets, and laptops to access enterprise data. Implementing BYOD policy in an organization is a tricky business as the concept has advantages as well as disadvantages (if the policy is not implemented properly). BYOD helps in increasing productivity and promoting innovation. Employees are more comfortable with and adept at using their own mobile devices making them more productive and increasing the probability of innovation. Employees prefer using their own devices as they can avoid carrying multiple devices to their workstations.