According to the latest report by IMARC Group, titled “Global BYOD Security Market Trends, Size, Share, Industry Trends, Growth, Report, Opportunity and Forecast 2022-2027“, 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 CAGR of 14.50% during 2022-2027.
Bring Your Own Device (BYOD) security represents the company policy of permitting employees to use their personal devices, including laptops, tablets, smartphones, etc., in the workplace. It allows them to access confidential information and applications belonging to an organization. As a result, BYOD security enhances the flexibility, independence, work satisfaction, productivity, and efficiency of employees. Furthermore, it also offers numerous advantages to the companies, including cutting down expenses on hardware, software licensing, device management, etc.
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
BYOD Security Market Trends and Drivers:
The growing incidences of cyber-attacks and data breaches to view, copy, and steal confidential data of small and medium-sized enterprises (SMEs) are primarily driving the BYOD security market. Moreover, the rising use of several cutting-edge security-based technologies is augmenting the demand for personal devices, which, in turn, is further catalyzing the market growth.
Apart from this, the elevating need for BYOD security measures to secure enterprise data and employee-owned devices is acting as another significant growth-inducing factor. Furthermore, the escalating adoption of the work-from-home culture, on account of the sudden outbreak of the COVID-19 pandemic, is also positively influencing the global market.
Additionally, the inflating usage of smartphones or tablets in companies that can be infected by malware via the internet and external storage gadgets, including media cards and universal serial buses, and the expanding information and technology (IT) sector are anticipated to fuel the BYOD security market over the forecasted period.
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Global BYOD Security Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key 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.
The report has segmented the market on the basis of region, 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
Market 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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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