(BYOD) Bring Your Own Device Market is Expected to Grow At A CAGR of 15% by 20222
Increasing smartphone penetration in countries such as India and China will lead to APAC bring your own device market growing at a remarkable CAGR of 20.8% over 2015-2022
Selbyville, United States – September 30, 2019 /MarketersMedia/ —
Bring Your Own Device Market size worth USD 94.15 billion in 2014 is forecast to reach USD 350 billion from 2015 to 2022. The report provides granular quantitative information on market together with key BYOD industry insights.
Literally and figuratively, bring your own device refers to the practice of permitting employees to bring their own devices (computers, laptops, tablets, palmtops, and smartphones) to work. The successful implementation of this model has led to improved productivity across the IT sector. An intelligently designed and executed bring your own device model is likely to reduce the necessity for continuous IT support staff, thereby profiting the organization in terms of reduced staff recruitment and fueling global bring your own device market.
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Increasing smartphone penetration in countries such as India and China will lead to APAC bring your own device market growing at a remarkable CAGR of 20.8% over 2015-2022. Reasonably priced internet plans coupled with high productivity in companies will augment the regional growth.
Rising popularity of the enterprise mobility model across North America and the huge rate of smartphone usage will also propel U.S. bring your own device industry, which is projected to grow at a high annual growth rate of 15% over 2015-2022. Having attributed to more than 30% of the regional market share in 2014 with a revenue of USD 30 billion, U.S. will be the highest revenue generator over 2015-2022, enormously fueling the regional growth.
With increasing applications across small, mid-sized, and large businesses, global bring your own device market is driven by the surging use of laptops and tablets and the rising technological advancements in the mobile industry. Excellent internet plans (4G) and low calling rates offered by premium service providers will further augment bring your own device market size.
Rising usage of smartphones across various sectors coupled with the high demand for the BYOD model from small enterprises will propel bring your own device market share from small businesses. This market is projected to be the most lucrative end-use segment, projected to grow at a rate of 19.7% with a target revenue estimation of USD 90 billion by 2022.
Having been valued at USD 50 billion in 2014, bring your own device market from smartphones is predicted to grow at a CAGR of 17% over 2015-2022, driven by the highly escalating global demand for smartphones subject to the convenience factor offered by these devices in terms of combining work and entertainment.
Browse key industry insights spread across 103 pages with 25 market data tables & 25 figures & charts from the report, “Bring Your Own Device Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/bring-your-own-device-BYOD-market
Rising adoption of tablets and increasing technological innovations in this sector will lead bring your own device market from tablets to experience maximum growth between 2015-2022, with a projected revenue of USD 130 billion by 2022.
Major players partaking in global bring your own device industry include Good Technology, IBM Corporation, Cisco Systems, MobileIron, and Alcatel-Lucent. In a bid to retain employees, companies are focusing on providing data security and device safety to enhance overall productivity standards of the enterprise.
Major Key Points from Table of Content:
Chapter 4. BYOD Device Insights
4.1. BYOD market share by device, 2014 & 2022
4.2. Smartphones
4.2.1. Global market estimates and forecasts, (USD Million), 2012 – 2022
4.2.2. Global market estimates and forecasts by region, (USD Million), 2012 – 2022
4.3. Tablets
4.3.1. Global market estimates and forecasts, (USD Million), 2012 – 2022
4.3.2. Global market estimates and forecasts by region, (USD Million), 2012 – 2022
4.4. Laptops
4.4.1. Global market estimates and forecasts, (USD Million), 2012 – 2022
4.4.2. Global market estimates and forecasts by region, (USD Million), 2012 – 2022
Chapter 5. BYOD End-Use Insights
5.1. BYOD market share by end-use, 2014 & 2022
5.2. Mid-to-large sized businesses
5.2.1. Global market estimates and forecasts, (USD Million), 2012 – 2022
5.2.2. Global market estimates and forecasts by region, (USD Million), 2012 – 2022
5.3. Small businesses
5.3.1. Global market estimates and forecasts, (USD Million), 2012 – 2022
5.3.2. Global market estimates and forecasts by region, (USD Million), 2012 – 2022
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/bring-your-own-device-BYOD-market
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