BYOD Market Size to Grow by USD 69.07 Bn, Reduced Hardware Cost for Enterprises to Drive Growth – Technavio – QNT Press Release


NEW YORK, Oct. 6, 2022 /PRNewswire/ — The bring your own device (BYOD) market will be driven by factors such as the reduced hardware cost for enterprises. BYOD is becoming popular, as employees prefer using their own devices, which makes them more productive and increases the probability of innovation. BYOD offers benefits such as cost savings, as they need not spend significantly on expensive devices. Such factors will contribute to the growth of the global BYOD market during the forecast period.

The global bring your own device (BYOD) market size is expected to grow by USD 69.07 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 15.06% during the forecast period, according to Technavio.

Find a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format

Global Bring Your Own Device (BYOD) Market: Trends and Challenges

The adoption of BYOD in SMEs is a trend in the market. Enterprise mobility solutions help SMEs improve customer services and satisfaction, increase their revenues, and reduce the cost of acquiring customers. This trend is leading to a reduction in the use of desktops, with the advent of Internet-enabled wireless gadgets such as smartphones, PDAs, and tablets. SMEs are focusing on 3G/4G wireless routers, and the market is expected to experience constant growth during the forecast period owing to abundant mobility benefits. These factors will boost the growth of the global BYOD market.

Infrastructure constraints and connectivity issues will challenge the growth of the bring your own device (BYOD) market during the forecast period. Several developing countries lack the infrastructure and connectivity for implementing BYOD policies. The low Internet speed and latency as well as poor infrastructure will negatively impact the adoption of enterprise mobile devices. Such factors will challenge the growth of the global BYOD market during the forecast period.

Global Bring Your Own Device (BYOD) Market: End-user

By end-user, the market has been segmented into healthcare, retail, energy and utilities, government, and others. The healthcare segment will be the largest contributor to market growth during the forecast period. Many hospitals and healthcare organizations are shifting to mobile health (mHealth), which requires employees to use their own personal devices. These factors are driving the growth of this segment

Global Bring Your Own Device (BYOD) Market: Geographic Landscape

By geography, the market has been segmented into North AmericaAPAC, Europe, South Americaand the Middle East and Africa. North America will account for 35% of the market’s growth during the forecast period. This growth is attributed to factors such as the rise in the adoption of smartphones and tablets. The US and Canada are the key countries for the bring your own device (BYOD) market in North America.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

Global Bring Your Own Device (BYOD) Market: Companies Covered

  • 42Gears Mobility Systems Pvt Ltd
  • ALE International
  • BlackBerry Ltd
  • Cisco Systems Inc.
  • Citrix Systems Inc.
  • HCS Technology Group
  • Hewlett Packard Enterprise Co.
  • International Business Machines Corp.
  • Lookout Inc.
  • Miradore Oy
  • Mitsogo Inc
  • Oracle Corp.
  • Samsung Electronics Co. Ltd.
  • SAP SE
  • Tata Sons Pvt. Ltd.
  • Verizon Communications Inc.
  • VMware Inc.

Bring Your Own Device (BYOD) Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist in the bring your own device (BYOD) market growth during the next five years
  • Estimation of the bring your own device (BYOD) market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the bring your own device (BYOD) market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bringing your own device (BYOD) market vendors

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Bring Your Own Device (BYOD) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15.06%

Market growth 2022-2026

USD 69.07 billion

Market structure

Fragmented

YoY growth (%)

14.1

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

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