The BYOD security market is expected to grow at approximately USD 69 Billion by 2023, at 37% of CAGR between 2018 and 2023. BYOD security market has been segmented on the basis of device, security solution, software, and end user. The network security software can be used to improved productivity and agility.
BYOD Security Market, By Device Type (Smartphone, Tablet), By Software (Mobile Data Security, Mobile Device Security), By Security Solutions (Mobile Content Management, Mobile Identity Management), By End User (Large Enterprise, Small & Medium Enterprises) – Forecast 2023
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Market Research Future (MRFR) recognizes the following companies as the key players in the BYOD security market are – 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) among others.
The segmentation of BYOD security market on the basis of security solution include, mobile device management. It provides the ability to locate, lock, and potentially wipe lost devices. MDM is the more develop than traditional mobile security solution that involves managing enterprise mobility at the device level. A company using MDM to secure BYOD devices requires users to enroll personal devices into MDM to access work-related content, such as calendar, contacts and email.
The increase in the number of application on the device has increase the probability that it may contain malicious code or security issues. Applications developed or deployed by the organization to enable access to corporate data may contain security weakness.
The BYOD security strategy includes number of benefits for businesses, including improved employee job satisfaction, increased job efficiency and flexibility. BYOD provides cost savings from initial device purchase to ongoing usage and IT help desk provision support employees as they invest in their own devices.
BYOD Security Market Segmentation
By component segment, BYOD security market consists of software. The standard desktop operating system is quickly being overtaken by computing on mobile devices. Such mechanisms include the choice of mobile device by the user, encryption, authentication and remote wipe capabilities, lost phone hotline, firewalls, and utilization of third party software, intrusion prevention software and anti-virus for software.
By region, MRFR analysis shows that North America region accounts for largest market in BYOD security market due to advance security technology used in mobile devices. Asia-Pacific is also estimated to be fastest growing market because of major mobile device manufacturing hub present in the region. European region is one of the prominent player in BYOD security market due to adoption of BYOD security technology and to retain enterprise productivity.
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.
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The regional analysis of BYOD security market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America occupies major share in the BYOD security market due to high adoption of BYOD concept by Large & Small scale enterprises which increases the security concerns thereby supporting the growth of BYOD security market. Asia-Pacific is also estimated to be one of the fastest growing region due adoption of BYOD for retaining employees in the organization.
TABLE OF CONTENTS
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
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
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LIST OF FIGURES
Figure 1 Research Type
Figure 2 Byod Security Market: By Device Type (%)
Figure 3 Byod Security Market: By Software (%)
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