BYOD Security Global Market Report 2023
According to the Zion Market Research analysts, The global BYOD security market is expected to grow from $42.72 billion in 2022 to $57.86 billion in 2023 at a compound annual growth rate (CAGR) of 35.5%. The prominent players active in the global BYOD market consist of ForeScout Technologies Inc., Bluebox, Fiber-Link Communications LLC, and Good Technology, among others. These players undertake a number of strategic approaches such as mergers & acquisitions, new product launch, and so on to set a firm foot in the global market. To cite, the 211G1 malware was identified by Fortinet Inc. and also built sophisticated methods for blocking the same.
Altering Role Of IT Likely To Boost The Demand For The BYOD Security In Near Future
The global BYOD security market growth is majorly driven by the altering function of IT and end of legacy applications. Furthermore, other factors propelling the growth of the global BYOD security market include the rising use of BYOD concept among diverse corporations so as to enhance productivity, the handiness of corporate data in comparison to smartphones, rise in cloud storage implementation by diverse businesses, decrease in cost of hardware by implementing BYOD concept in the business, along with the recognition of BYOD concept throughout diverse corporations. Nevertheless, low responsiveness toward security concern of tools and the rising network security threats are few of the factors restricting the market growth.
Mobile Device Management Segment To Rule The Global Market With Over 90% Share
The global BYOD security market is bifurcated based on solution, device, end-user, software, and region. The global BYOD security market, based on device, is divided into tablet, smartphone, and laptop. The market, on the basis of solution is categorized into mobile application management (MAM), mobile device management (MDM), mobile identity management (MIM), and mobile content management (MCM). Mobile Device Management (MDM), amongst all the segments, has been capturing over 90% of share of the global BYOD security solution market. Based on software, the global BYOD market is classified into mobile device security, network security, and mobile data security. The global BYOD market, based on end-user is categorized into small & medium enterprises (SMEs), large enterprises, and government enterprise.
Swift Advancement In Security-Based Technologies To Help North America Continue Its Dominance
The global BYOD security market is governed by North America and is projected to maintain its supremacy during the forecast period as well. The growth of this region can be attributed to the fast improvement in security-based technologies. Rising competition amongst industry players to boost productivity and produce high returns by concentrating on employee comfort might further drive the market growth in years to come. Moreover, Asia Pacific is also expected to witness considerable growth during the forecast period owing to the high smartphones demand and the rising foreign expenditure in emerging nations like India, China, Indonesia, and Singapore.
Few players in the global BYOD security market include
- Interactive Intelligence
- Connect First
- inContact
- Aspect Software Parent Inc.
- Enghouse Interactive
- 8X8
- Genesys
- Oracle Corporation
- Content Guru
- Cisco Systems
- Five9
- Live Ops
- Verizon
- Oracle
- Intelecom
- Altitude Software
- West Interactive
- NewVoiceMedia
- Interactive Intelligence Group
The global BYOD security market is segmented as follows:
By Device Type
- Smartphone
- Tablet
- Laptop
By Solution
- Mobile Device Management (MDM)
- Mobile Application Management (MAM)
- Mobile Content Management (MCM)
- Mobile Identity Management (MIM)
By Software
- Mobile data security
- Mobile device security
- Network security
By End-User
- Large enterprises
- Small and Medium Enterprises (SMEs)
- Government organizations
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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