BYOD Security Market Development Strategy and Future Prospects 2023
Market Highlights:
The BYOD Security market is growing rapidly over 23% of CAGR and is expected to reach at USD 32 billion by the end of forecast period.BYOD security Market growing at exponential compound annual growth rate by forecast period of 2018 to 2023. The factors driving the BYOD market includes increased smartphone users in the organization, growing IoT trends and favorable government regulations. BYOD security market is expected to bring revolution in the IT and security industry. The increasing demand for strong authentication to access the enterprise atmosphere and need to safeguard the encryption of organization’s sensitive data is expected to drive the BYOD Security Market. Moreover, the secured architecture supports to remotely remove the enterprise data incase if the device is lost or the employee leaves the organization.
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BYOD security market is coming up with whole new innovation in mobile device security and retaining enterprise productivity. With BYOD implementation organization has increased employee productivity. The factors driving the BYOD market includes increased smartphone users in the organization, growing IoT trends and favorable government regulations.
There are some cyber threats and data loss and retrieval threats while using BYOD. Employees logging in from unsecure network, malicious software and application downloads, outdated or non-existent virus protection are all factors than can leave a company’s network at risk for cyber-attacks through personal devices. Protecting enterprise data from theft, deletion, loss, or unauthorized access is critical to network security. BYOD security market is expected to bring revolution in the IT and security industry. The increasing demand for strong authentication to access the enterprise atmosphere and need to safeguard the encryption of organization’s sensitive data is expected to drive the BYOD Security Market. Moreover, the secured architecture supports to remotely remove the enterprise data incase if the device is lost or the employee leaves the organization.
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KEY players:
Citrix Systems, Inc. (U.S.)
International Business Machines (IBM) Corporation (U.S.)
VMware, Inc. (U.S.)
Mobileiron Inc. (U.S.)
Good Technology Corporation. (U.S.)
Fortinet Inc. (U.S.)
Avaya Inc. (U.S.)
Cisco Systems (U.S.)
Hewlett Packard Enterprise (U.S.)
Symantec Corporation (U.S.)
Kaspersky Lab (Russia)
BYOD Security Market Segmentation
The BYOD security market has been segmented on the basis of devices. The device segmentation includes smartphone, laptops and tablet. With implementation of BYOD security in laptops the users can protect sensitive data from loss and alert if there is stealing of device as well address privacy, compliance and risk management.
Market Research Analysis:
Market Research Future Analysis shows the BYOD security market in devices, employees can use their devices from anywhere, and more flexible and productive. BYOD represents an economic advantage for small companies that avoid paying for new hardware, the user is more concerned about securing both his personal and professional information personal devices are faster and better than the old computers assigned by the IT department.
Regional analysis for BYOD security market is studied in different geographic regions as North America, Europe, Asia-Pacific and Rest of World. North America region is mainly dominating the market because of BYOD policy approved by organization. European region is gaining growth because with the help of BYOD, employees find flexibility at work, such as extending hours and convenience to work from anyplace. Enterprises are also benefited such as enhanced productivity, reduction in IT and operation costs, retention of employees, and better mobility for employees.
TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
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LIST OF TABLES
Table 1 Byod Security Market, By Device Type
Table 2 Byod Security Market, By Software
Table 3 Byod Security Market, By Security Solution
Continued…
LIST OF FIGURES
Figure 1 Research Type
Figure 2 Byod Security Market: By Device Type (%)
Figure 3 Byod Security Market: By Software (%)
Continued…
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