Global consulting and market research company MarketsandMarkets released a new report about the anticipated growth of the Bring-your-own-device market. The report, which was released at the beginning of the month, is titled: “Bring-your-own-device market [Enterprise Mobility; Consumerization of IT; MDM; MAM; Telecom Expense Management] – Global Advancements, Business Models, Market Forecasts & Analysis (2012-2017).”
The MarketsandMarkets report indicates that the total BYOD and Enterprise Mobility market is expected to reach $181.39 billion by 2017. In 2011, the global BYOD market was $67.21 billion. The estimated CAGR from 2012 to 2017 is 15.17 percent. In addition to forecasting BYOD and Enterprise Mobility growth, the report offers market strategies and trends and factors generating global market growth.
Since companies are relying more on mobility they need to be connected with their employees through mobile devices. Smart phones, tablets, and laptops allow employees to gain instant access to their company networks, whether they are at work, home, or on the road. With the increased usage of employee BYOD an emerging challenge for enterprises will be to create boundaries for personal and professional mobile device usage.
The new BYOD report indicates that the North American market will claim the largest share of the overall managed BYOD and Enterprise Mobility market. In 2011, the North American market claimed 36.10 percent at $24.26 billion. By 2017, the North American market is expected to reach $58.60 billion.
Software and security companies are another factor to consider when thinking about this growing market. Since there will be more BYOD users, software and security vendors will have to continue to develop effective strategies to protect company networks. The growth of the BYOD market will change the way companies and employees handle network security challenges.