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BYOD Security Market is predicted to see lucrative gains up to 2023, North America Dominated the regional landscape

Author : Ronak Bora | Published Date : 2019-05-20 

North America is predicted to lead BYOD security market size and continue its dominance over the forecast period. Rapid development in security based technologies is likely to propel growth across the region. Increasing competition among industry participants to increase productivity and earn high revenue by focusing on employee comfort may fuel the industry over the coming years.

Asia Pacific BYOD security market is predicted to experience substantial growth. This can be credited to surging foreign investments in emerging economies such as China, India, Singapore, and Indonesia, as well as high smartphones demand.

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Escalating demand for smartphones is anticipated to propel BYOD security market size growth. A large number of employees are likely to prefer and carry out work-related tasks such as accessing and sending emails on the go. This is predicted to ensure employee productivity independent of work location. Security risks involved are also high in case of theft or loss of device. Attributes such as light weight and compact size tablet phones is likely to lead the employees towards replacement of laptops with tablet phones for carrying out business tasks.

A larger number of business firms across the world are now promoting the application of these systems, thereby facilitating their employees to carry their own devices. It also facilitates employees in taking quick decisions and also allows to access real time data in BYOD security market. In addition, it also aids in accessing critical data by deployment of effective security solutions.

Global BYOD security market is anticipated to exceed USD 25 billion, growing at a CAGR of over 25% from 2016 to 2023. Increasing adoption of these solutions owing to protect against security threats is expected to drive the industry growth over the forecast period.

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BYOD Security Market share is anticipated to witness a paradigm shift from Mobile Device Management (MDM) to an app-centric Mobile Application Management (MAM) approach. Introduction of XenMobile by Citrix Systems is a perfect blend of enterprise-grade productivity apps and MAM and MDM technology.

Key participants with BYOD security market share are now increasingly investing in research and development in designing solutions in order to effectively tackle the rising number of security threats and also lessen their impact on the industry. For example, Fortinet Inc., recently detected 211G1 malware and also developed advanced techniques for blocking the same. Other important players in the industry encapsulate International Business Machines (IBM), Citrix Systems, VMware, Good Technology and MobileIron.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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