Global Market for BYOD and Enterprise Mobility
Dublin, Aug. 05, 2022 (GLOBE NEWSWIRE) -- The "BYOD and Enterprise Mobility - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global BYOD and Enterprise Mobility Market to Reach $157.3 Billion by 2026
Amid the COVID-19 crisis, the global market for BYOD and Enterprise Mobility estimated at US$84.4 Billion in the year 2022, is projected to reach a revised size of US$157.3 Billion by 2026, growing at a CAGR of 16.7% over the analysis period.
The paradigm shift from the traditional office model to the digital workplace is attributed to the growing need for adaptability. The growing popularity of BYOD trend, propelled by increasing preference to working remotely, is a driving factor behind the market growth.
The numerous benefits of workplace mobility such as enhanced employee satisfaction, improved communications between organizations within a company, schedule flexibilities and increased productivity are factors driving companies to adopt enterprise mobility.
Traditional solutions are being substituted by EMM vendors who can provide consolidated services for a variety of mobile appliances along with hybrid IT deployment. The future will see a shift to Internet of things (IoT) products and services. EMM and (IoT) together can improve user productivity by enhancing collaboration and decision making. EMM is emerging as a one stop solution for encryption, user authentication, anti-virus controls and remote data/device access.
With COVID-19 ushering in a phase of social distancing and lockdowns, the trend towards remote working has gained momentum, stronger than ever before. There is a growing need for tools that allow teams to collaborate virtually. Due to this shift in work culture, access to corporate resources from home has surged, leading to quantum rise in network traffic.
Staying ahead of the competition involves embracing needed change which in the current times is companies going digital, enabling remote working options and adopting the Bring your own device (BYOD) approach, that are all characteristics of enterprise mobility. Enterprise mobility adds agility to the system and in turn enables businesses stay operational during times of crisis.
Devices, one of the segments analyzed in the report, is projected to record a 15.4% CAGR and reach US$82.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 16.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $26.1 Billion in 2022, While China is Forecast to Reach $33.7 Billion by 2026
The BYOD and Enterprise Mobility market in the U.S. is estimated at US$26.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$33.7 Billion by the year 2026 trailing a CAGR of 20.8% over the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.2% and 15.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR. In the US, Japan, and Europe, adoption of mobility solutions is widely popular across several end-use markets, including banking, finance & insurance (BFSI) entities, B2C companies, healthcare providers, retail chains, logistics & distribution companies, and manufacturing units, which makes enterprise mobility an established and well accepted enterprise communications technology.
Characterized by strong mobile application deployments, growing number of mobile workforce, and relatively lower penetration of enterprise mobility solutions, Asia-Pacific represents a strong market for mobile enterprise infrastructure software and services. Cloud deployment and increasing use of mobile devices for business purposes is fueling the growth in the Asia-Pacific region.
What`s New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to the digital archives
Complimentary updates for one year
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
COVID-19 Fast-Tracks Enterprise Mobility Initiatives
BYOD and Enterprise Mobility - Global Key Competitors Percentage Market Share in 2022 (E)
Enterprise Mobility: A Prelude
Snapshot of Business Cases Driving Adoption of Enterprise Mobility Solutions
Key Benefits Encouraging Mobility Trend among Enterprises Ranked by Importance Attached by Enterprises
Key Elements Targeted for Managed Mobility Deployments in the Short-Term Ranked by Priority Attached by Enterprise IT Departments
Bring Your Own Device (BYOD) Work Culture Encourages Growth
Key Factors Encouraging BYOD/COPE/COBO Trend among Enterprises Ranked by Importance Attached by Enterprises
Developed Markets: Key Revenue Contributors
Emerging Markets: Hotspots for Growth
Key Issues & Challenges
Device Management Issues
Lack of Enterprise Readiness
Core Issues for Enterprise Mobility Deployment Ranked by the Level of Apprehension Attached by Enterprises Issue Ranking
Enterprise Mobility Ecosystem: An Overview
Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 497 Featured)
AT&T Communications, LLC
Cisco Systems, Inc.
HCL Technologies Limited
Honeywell International Inc.
Tata Consultancy Services Limited
Tech Mahindra Limited
Verizon Communications Inc.
Vonage Holdings Corp.
3. MARKET TRENDS & DRIVERS
Growing Use of Mobile Computing Devices Drives Demand for Enterprise Mobility
Rapid Proliferation of Smartphones Lends Traction to Enterprise Mobility Market
Mobile Application Management Gains Momentum
Artificial Intelligence (AI) Redefines Enterprise Mobility
Cloud-based Applications Make Enterprise Mobility More Accessible
Pervasive Mobile Devices Drive BYOD
Introduction of 5G to Drive Enterprise Mobility
Breakdown of Network Latency (in Milliseconds) by Network Type
Global Smartphone Subscription Breakdown by Technology
Extension of Digital Features into the Physical World via Virtual Reality and Augmented Reality
Greater Complexity Calls for Simpler App Solutions
Tailored Apps Encourage Adoption
Cross-Platform App Development Gains Traction
Rise in Use of Virtual Personal Assistants by Enterprises
Integration of IoT and EMM Usher in Added Benefits
Location-Based Service to Become an Integral Part of Offices
Security Solutions Gain Prominence
Threat to Security and Privacy-Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
Rise in Use of Sophisticated Security Protocols
UEM Adoption Poised to Soar
Beacon Technology Gains Prominence
Enterprise Mobility Management (EMM) in Focus
IT and Telecom Industry: Foremost Adopters of Enterprise Mobility
Banking & Financial Services Sector at the Forefront
Insurers Leverage Enterprise Mobility for Quicker Claim Processing
Global Retailers Seek to Tap Proficiency of Enterprise Mobility
Enterprise Mobility Gains Increasing Role in E-Commerce Sector
Healthcare Sector Adopts Enterprise Mobility for Improved Patient Care
Warehouses Prioritize Enterprise Mobility to Infuse Agility & Flexibility
Role & Importance of Enterprise Mobility in Warehouse Environments: A Snapshot
Growing Adoption of Enterprise Mobility Strategy in Manufacturing Sector
Mobility Gaining Wider Traction in EHS Management
Logistics, Travel & Transportation Sectors: High Potential Verticals
SMB Sector Intensifies Adoption Curve
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/begsgd
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900