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Growth of the Global Bring Your Own Device (BYOD) Market to be Propelled by Increased Employee Productivity and Reduced Expenditures by CAGR of around 16% During 2019-2027

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Research Nester has released a report titled Bring Your Own Device (BYOD) Market – Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the bring your own device market in terms of market segmentation by device type, by deployment type, by end user type and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The global bring your own device market can be segmented on the basis of device type into tablet, smartphones and laptop, out of which smartphones segment is anticipated to hold largest market share on the back of rising sales of smartphones, ease of portability, and others.

The bring your own device (BYOD) market is anticipated to have CAGR of around 16% during the forecast period, i.e. 2019-2027. Rising on the back of the factors such as rise in awareness about the benefits of this system, better customer satisfaction and employee productivity, enterprises are raising the demand for deployment of BYOD system, which is estimated to promote the demand for BYOD market throughout the forecast period.

Regionally, the bring your own device (BYOD) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America region is anticipated to have leading shares in the market growth owing to rise in technological developments and enterprise mobility in the region. Moreover, Asia-Pacific is anticipated to witness significant growth in market share owing to increasing demand of smartphone coupled with low cost, high productivity and better customer satisfaction.

Increased Efficiency and Work Life Balance of Employees

Concerns for employee retention amongst employers are growing rapidly owing to lack of work flexibility and work life balance. Factors such as this is also affecting employee efficiency at a greater rate. By the implementation of bring your own devices (BYOD), employees are benefitted with greater flexibility at workplace and an increase in work life balance. Employers are benefitted by its happy employees, which on the other hand helps to increase their efficiency at work, and helping in generating more business revenue. Moreover, implementation of BYOD also helps employers by reducing their capital expenditure and operational expenditure, which adds to their profit margin ratio. Furthermore, with technical advances and growing availability of software and services for BYOD, and the ability to work-from-home, all of these factors are anticipated to contribute significantly to the growth of the market throughout the forecast period.

However, security threats and data breach issues are expected to operate as barriers to the growth of bring your own device market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the bring your own device market which includes company profiling of Microsoft (NASDAQ: MSFT), Cisco System, Inc. (NASDAQ: CSCO), BlackBerry Limited (NYSE: BB), Infosys Limited (NSE: INFY), IBM Corporation (NYSE: IBM), Tata Consultancy Services Limited (NSE: TCS), SAP SE (ETR: SAP), Tech Mahindra Limited (NSE: TECHM), AT&T Intellectual Property (NYSE: T) and Honeywell International Inc. (NYSE: HON). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the bring your own device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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