Global BYOD and Enterprise Mobility Market Report and Forecast 2024-2032

Global BYOD and Enterprise Mobility Market Outlook

The global BYOD and enterprise mobility market size reached a value of USD 40.80 billion in 2023. The market is expected to grow at a CAGR of 24.70% during the forecast period of 2024-2032, reaching a value of USD 297.20 billion by 2032.

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The rapid expansion of cloud-computing environments across enterprises is driving the BYOD and enterprise mobility market growth. Cloud-based mobility solutions provide an unparalleled data accessibility platform within an organisation which leverages superior computing abilities, resulting in enhanced productivity. In addition, cloud services provide instant access to various tools and software features which enhance the overall productivity of the workforce. Moreover, the advanced privacy features of cloud BYOD and enterprise mobility overweigh the safety concerns of employees which ensures productivity without compromising corporate data security. This factor is invigorating the BYOD and enterprise mobility industry. Further, cloud BYOD and enterprise mobility software are witnessing a heightened demand among large businesses to expand information accessibility such as contacts, geo-location data, and growth of competitors, among others.

According to the BYOD and enterprise mobility research report, sectors such as healthcare are developing heavy reliance on BYOD, to spearhead clinical trials as well as diagnostic, and treatment processes by quickly analysing medical information of patients using their own personalised internet-enabled devices. Among other verticals, BFSI accounts for a decent portion of the BYOD and enterprise mobility market share. BYOD and enterprise mobility services are highly efficient and quick and are able to augment an organisation’s expertise as well as customer service. Over the forecast period, advancements and innovations by BYOD and enterprise mobility market players, such as enforced passcodes, remote wipes of data, and device inventory receival, are expected to expand the scope of BYOD and enterprise mobility market analysis.

Market Likely to be Driven by Employees’ Preference for Using Personal Devices for Office Related Tasks

The BYOD and enterprise mobility market size is expected to be expanded by advancements in technology, increasing number of connected devices, employee preference for using their personal gadgets for office work related tasks, and the advantages offered by BYOD programs, such as employee access to corporate apps and data on personal devices, reduced costs for firms, and increased employee productivity and job satisfaction. North America, Europe and Asia are expected to be key markets.

Companies today are becoming increasingly reliant on remote workforce. While this is mutually beneficial to employers as well as employees, the arrangement has its challenges, including security risks and productivity issues.  With more businesses adopting and manging mobile technology, the increasing dependence on BYOD (bring your own device) and growing need to remain connected with remote workers are likely to be the key BYOD and enterprise mobility market trends. Mobile devices such as smartphones and tablets have become vital components to getting work done, and it is next to impossible to prevent employees from using these gadgets while on the job. In today’s business environment, a significant percentage of workers forms part of the remote workforce, and managers and employees require access to business applications and data to carry out tasks successfully. Under such circumstances, BYOD programs are becoming increasingly popular and companies are adopting BYOD to provide greater access to data in a secure manner, leading to an accelerated expansion of the global BYOD and enterprise mobility market.

Advantages Offered by BYOD Likely to Stimulate the Global BYOD and Enterprise Mobility Market

Some of the unique and enterprise revolutionising advantages offered by BYOD are highlighted in the BYOD and enterprise mobility market reports. For example, several advanced BYOD programs grant employees access to corporate email on their smartphones if the devices are updated with the firm’s newest security norms; if an employee’s device triggers a security alert, the device is locked out of the company’s internal network. Several firms employ managed mobility services (MMS) providers as external partners to help establish standards for an effective BYOD program as well as manage international telecom expenses. Moreover, the flexible working atmosphere and personalised experience provided by BYOD systems is further invigorating the BYOD and enterprise mobility market growth.

Advantages offered by BYOD programs include

Improved employee satisfaction – Employees are more comfortable working on their own devices as compared to the devices given by the company. Further, permitting employees to use their own gadgets eliminates the need and perceived hassle to learn how to operate a new device.

Better employee productivity – It is believed that employee productivity increases with the increased comfort employees experience when working on their personal devices.

Decreased cost – Incorporating a BYOD policy could help a firm reduce costs related to adding mobile devices to the company’s infrastructure. Under a majority of BYOD programs, users bear data costs and other monthly expenditures, and firms need not buy a data or network plan. Since companies are not required to buy the devices, overhead costs are not increased.

Decreased maintenance responsibility of firms – Majority of BYOD plans fix responsibility for mobile device maintenance on the user and not on the IT department. IT employees are thus left free to concentrate on other, more important tasks. Firms establish guidelines pertaining to caring for and updating the devices, and also specify penalties in case the regulations are not fulfilled.

Facilitation of remote work – While any mobile device enables completion of work, it is more likely for employees to carry their personal devices wherever they go, making it easier for them to work from almost anywhere they are.

Such advantages offered by BYOD are expected to boost the global BYOD and enterprise mobility market.

The Need to Protect Corporate Data on Employees’ Mobile Devices Expected to Boost Global BYOD and Enterprise Mobility Market

Enterprise mobility management (EMM) refers to a suite of services and technologies devised to secure corporate data on mobile devices of employees. Today, enterprise mobility management entails enabling mobility and designing productive mobile experiences for workers while protecting company data. The need to protect company data on workers’ mobile devices and initiate immediate responses if security guidelines are breached is likely to stimulate the market.

Market Segmentation

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By device, the market is segmented into:

• Smartphones

• Laptops

• Tablets/Phablets

By component, the market is classified into:

• Software (further broken down by type as given below)

• Mobile Device Management

• Mobile Application Management

• Mobile Data Management

• Mobile Email Management

• Mobile Telecom Expense Management

• Others

• Security (further broken down by type as given below)

• Device Security

• Email Security

• Application Security

• Mobile Content Security

• Identity Access Management

• Multi-User Management

• Network Security

• Service (further broken down by type as given below)

• Managed Services

• Professional Services

By deployment, the market is segmented into:

• Cloud

• On-Premises

By vertical, the market is divided into:

• Banking, Financial Services, and Insurance

• Automobile

• Manufacturing

• IT and Telecom

• Retail

• Healthcare

• Transportation and Logistics

• Energy and Utilities

• Others

By region, the market is segmented into:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Key Industry Players in the Global BYOD and Enterprise Mobility Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Microsoft Corporation

• Cisco Systems, Inc.

• Blackberry Limited

• Infosys Limited

• International Business Machines Corporation

• Oracle Corporation

• Sophos Ltd.

• VMware, Inc.

• Citrix Systems, Inc.

• Samsung Electronics Co., Ltd.

• Apple Inc.

• Broadcom, Inc.

• Hewlett Packard Enterprise Development LP

• Dell Inc.

• Zebra Technologies Corporation

• SOTI Inc.

• Mitsogo Inc.

• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report