BYOD Security Market – 24.97% CAGR To 2020 Driven By Cloud Bring Your Own Device Security And North America
RnRMarketResearch.com adds Global BYOD Security Market 2016-2020 latest research report, the analysts forecast global BYOD security market to grow at a CAGR of 24.97% during the period 2016-2020.
July 22, 2016 /MarketersMedia/ —
The global BYOD security market analyst says a trend boosting market growth is the increase in number of DDoS attacks. Hackers are focusing on attacking network layers instead of application layers. DoS are one of most common techniques used to steal confidential data. Hackers use it to send harmful data into a user’s web server and network resources to increase traffic. It automatically generates requests for access, blocking both the server and accessibility to legitimate users. Hackers are opting for DDoS techniques, an improved version of DoS, to initiate a coordinated attack from multiple systems, which has a more powerful effect than DoS.
Complete report on BYOD security market spread across 54 pages, analyzing 5 major companies and providing 23 data exhibits is now available at http://www.rnrmarketresearch.com/global-byod-security-market-2016-2020-market-report.html
According to the2016 BYOD security market report, a key growth driver is the increased use of mobile devices. The increased use of mobile devices has led to an increase in access to critical information and the storage of data on mobile devices. So, the need for securing mobile devices is increasing. The increase in employee mobility and the rising adoption of the BYOD policy is leading to the increased use of mobile devices. Mobile devices are used for many purposes such as uploading pictures, reading e-mail attachments, downloading documents, and making online transactions. During its use, it may connect with the virtual private network (VPN) inside a corporate firewall. It is easy for hackers to gain access to mobile devices and unauthorized access to corporate networks, firewalls, and virtual private networks. This may lead to cases of fraud and misuse of critical corporate and business data.
The growing popularity of cloud-based BYOD security is the latest trend in the global BYOD security market. Cloud-based BYOD security does not require any hardware or software and can be controlled remotely, making it cost-effective for the end-users. Also, it has a faster response rate to the new security threats and unauthorized activities as well as allows companies to use software products on a pay-per-use basis and is cost effective. Limited hardware infrastructure, less dependency on internal IT personnel, faster implementation of IT solutions, no licensing costs, and low maintenance costs are some of the advantages of a cloud-based BYOD security system. Order a copy of Global BYOD Security Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=620505
At present, North America accounts for more than 36% of the market share to dominate the global BYOD security market. The growing awareness among enterprises about the benefits of using BYOD security solutions on mobile devices coupled with the rise in the number of cyber-attacks and malware are some of the key factors contributing to the growth in the BYOD security market in the Americas during the forecast period.
The following companies are the key players in the global bring your own device (BYOD) security market: Citrix Systems, Good Technology, IBM, MobileIron, and VMWare. Other prominent vendors in the market are: Apperian, Bluebox, Cisco Systems, Kaspersky, McAfee, MOCANA, SAP, Sophos, SOTI, Symantec, Trend Micro, and Veracode.
The mobile content management (MCM) segment occupies almost 52% of the market share to dominate the global BYOD security market. MCM is gaining prominence among large enterprises, government organizations, and small and medium-sized business (SMBs) because of the increased acceptance of the BYOD policy. Some vendors in the MCM market are even providing additional security features in the products that they are offering to gain consumer interest and market shares.
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