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The BYOD and enterprise mobility market share is expected to increase by USD 1 trillion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 20.72%.
This BYOD and enterprise mobility market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers BYOD and enterprise mobility market segmentation by type (devices, security, and software) and geography (North America, Europe, APAC, MEA, and South America). The BYOD and enterprise mobility market report also offers information on several market vendors, including Alphabet Inc., Apple Inc., ASUSTeK Computer Inc., Cisco Systems Inc., Citrix Systems Inc., Hewlett Packard Enterprise Development LP, International Business Machines Corp., Microsoft Corp., Oracle Corp., and Samsung Electronics Co. Ltd. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The cost savings with BYOD is notably driving the BYOD and enterprise mobility market growth, although factors such as the growth of complementary technologies such as sdn and nfv may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the BYOD and enterprise mobility industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key BYOD And Enterprise Mobility Market Driver
The cost savings with BYOD is one of the key factors driving the growth of the global BYOD and enterprise mobility market. 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 a 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. BYOD offers a huge benefit to the company in terms of cost-saving as the organizations do not have to spend on expensive devices for employees. In addition, employees can work from almost anywhere using the same device for both business and personal requirements.
Key BYOD And Enterprise Mobility Market Trends
The growing awareness of cloud-based BYOD security will fuel the global BYOD and enterprise mobility market growth. 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. It responds to new security threats and unauthorized activities very fast. Cloud systems allow the firms to use software solutions on a pay-per-use basis and lessen their expenditure. Some of the factors like less dependency on internal IT personnel, no licensing costs, minimal maintenance costs, very limited hardware infrastructure, as well as the easier and faster implementation of IT solutions are driving SMEs toward the adoption of cloud-based BYOD security.
Key BYOD And Enterprise Mobility Market Challenge
The growth of complementary technologies such as SDN and NFV is a major challenge for the global BYOD and enterprise mobility market growth. The software focuses on solutions such as SDN and NFV. It has set up SDN and NFV testbeds to support European 5G developments. The dynamic virtual configuration of these solutions will allow the deployment of centralized and distributed architecture in public, private, and hybrid cloud systems, enabling fully managed 5G global digitalization. Virtualization technology will lower CAPEX and OPEX, thereby creating investments to develop innovative applications and services in a competitive 5G environment. SDN and NFV will mainly impact the high-end segment of this market during the forecast period as these technologies are at the inception level. The increased adoption of these virtualization technologies among enterprises is expected to decrease the sales of wireless computer network hardware equipment, such as adapters, access points, routers, repeaters, and antennas, which is a major threat to market growth.
This BYOD and enterprise mobility market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The global BYOD and enterprise mobility market is a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the BYOD and enterprise mobility market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the BYOD and enterprise mobility market encompasses successful business strategies deployed by the key vendors. The BYOD and enterprise mobility market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The BYOD and enterprise mobility market forecast report offer in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the BYOD and enterprise mobility market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global information technology spending market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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