BYOD and Enterprise Mobility Market Size to Grow by $ 1.01 Billion through 2021-2025
Technavio research projects the BYOD and enterprise mobility market to grow by $ 1.01 bn, decelerating at a CAGR of almost 20.72% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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BYOD and Enterprise Mobility Market: Key Market Driver
One of the primary factors that will trigger the growth of the BYOD and enterprise mobility market size is cost savings with BYOD. 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 benefits companies 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. Growth by the devices segment will be significant during the forecast period. Employees have shown an inclination to adopt a single device for professional and personal applications to circumvent the inconvenience caused by carrying separate mobile devices. Such factors will drive the growth of the devices segment in the BYOD and enterprise mobility market.
This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
BYOD and Enterprise Mobility Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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