IMARC Group, a leading market research company, has recently releases report titled “BYOD Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global BYOD security industry share, size, trends, and growth, forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the BYOD security market?
The global BYOD security market size reached US$ 56.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 130.5 Billion by 2028, exhibiting a growth rate (CAGR) of 14.43% during 2023-2028.
What is BYOD security?
Bring your own device (BYOD) security is designed to maintain the safety of personal devices used by employees of an organization. It comprises a wide variety of security measures, such as device management software, encryption, password protection, remote wipe capabilities, and network access controls to secure the confidential data and files of the company from malware and ransomware attacks. It also enables employees to work efficiently without worrying about unwanted cybersecurity breaches, which can jeopardize their careers and reputation in their offices. Furthermore, as BYOD security is effective in maintaining the comprehensive security of a wide variety of devices, such as laptops, tablets, and smartphones, its demand is increasing around the world.
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What are the growth prospects and trends in the BYOD security industry?
At present, the increasing demand for BYOD security due to the rising risks of hacking represents one of the key factors supporting the growth of the market. Besides this, the growing utilization of work-from-home (WFH) models to increase employee productivity and efficiency and maintain work-life balance is offering a favorable market outlook.
In addition, the increasing number of companies allowing their employees to use their own laptops for work to reduce the requirement of adequate infrastructure and eliminate maintenance costs of office devices is propelling the growth of the market.
Furthermore, rising cloud computing activities to delegate routine tasks and maintain operational flexibility are bolstering the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Device Type:
- Laptop
- Smart Phone
- Tablet
Breakup by Solution:
- Mobile Device Management
- Mobile Application Management
- Mobile Content Management
- Mobile Identity Management
Breakup by Deployment Type:
- On-premises
- Cloud-based
Breakup by End User:
- Large Enterprises
- Small and Medium-sized Enterprises
- Government Organizations
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Alcatel-Lucent Enterprise (Nokia Oyj), Aruba Networks (Hewlett Packard Enterprise Development LP), Avaya Inc., BlackBerry Limited, Broadcom Inc., Cisco Systems Inc., Citrix Systems Inc., Forescout Technologies Inc., International Business Machines Corporation, iPass Inc. (Pareteum Corporation), Ivanti and VMware Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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