The BYOD and enterprise mobility industry is expected to generate revenues of approximately US$ 308.25 billion by 2032, up from a projected net worth of US$ 72.96 billion in 2022. The market is expanding quickly throughout the projection period, with a CAGR of 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 increasing SMEs’ comfort with cloud-based services and the high demand for BYOD and enterprise mobility solutions from a variety of industries, including healthcare and the life sciences, energy and utilities, media and entertainment, retail and consumer goods, it and telecommunications, and transportation and logistics, are both contributing to the expected significant growth rate of the global BYOD and enterprise mobility market. Because cloud-based services are expanding quickly in these regions, North America and Western Europe are experiencing significant growth in the worldwide BYOD and enterprise mobility industry.
Global BYOD and Enterprise Mobility Market Dynamics:
The growth of the worldwide BYOD and business mobility market is driven by rising consumer electronics market, improving the comfort level of organisations with cloud-based services, developing MDM market, and digitalization. The global BYOD and enterprise mobility market is being driven by macroeconomic reasons such the expanding economy, the quick pace of urbanisation, the employment rate, as well as the rapid rate of industrialization.
The adoption of BYOD and enterprise mobility by small and medium-sized businesses (SMEs), high-security concern, and the need to manage security risks are some of the factors driving the global BYOD and enterprise mobility market. Due to the rapidly expanding industrial economies in areas like Asia-Pacific, Middle East & Africa, and Latin America, the company that works in the BYOD and enterprise mobility industry has extremely high possibility there.
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Global BYOD and Enterprise Mobility Market Segmentation:
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 security, the global BYOD and enterprise mobility market is segmented into:
Network Security
Device Security
IAM
Based on software, the global BYOD and enterprise mobility market is segmented into:
Mobile Content Management
Mobile Device Management (MDM)
Based on deployment type, the global BYOD and enterprise mobility market is segmented into:
On-Premise
In-Cloud
Based on end-use, the global BYOD and enterprise mobility market is segmented into:
Government and Defense
BFSI
Healthcare and Life Sciences
Manufacturing
Academia and Research
Energy and Utility
Media and Entertainment
Retail and Consumer Goods
IT and Telecommunication
Transportation and Logistics
Others
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Based on organization size, the global BYOD and enterprise mobility market is segmented into:
Small and Medium Enterprise (SME)
Large Enterprise
Global BYOD and Enterprise Mobility Market Regional Outlook:
According to geography, there are seven regions that make up the worldwide BYOD and business mobility market: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific (excluding Japan), Japan, and the Middle East & Africa. Due to their early adoption of software-defined perimeters and their rapid rate of technical improvement, North America and Western Europe hold a disproportionately large share of the worldwide BYOD and business mobility industry in terms of value.
Due to the strong demand for BYOD and enterprise mobility services by large businesses, the Asia-Pacific region, with the exception of Japan, also accounts for a sizeable portion of the worldwide BYOD and enterprise mobility market. Significant value shares in the worldwide BYOD and enterprise mobility industry are also held by Eastern Europe and Japan. The global BYOD and enterprise mobility market has seen significant expansion in developing economies like the Middle East, Africa, and Latin America. Over the course of the projection period, the outlook for the worldwide BYOD and enterprise mobility market will be favourable.
Global BYOD and Enterprise Mobility Market Player:
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.
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