Global BYOD-Enterprise Mobility Market
BYOD (Bring Your Own Device)-enterprise mobility is the availability of certain technologies and software systems which ensure that the users of these devices cannot misuse the enterprise content for their own individual purposes. Enterprise mobility for these components majorly deals in incorporating all of the relevant applications, data and integration of the required software solutions so that user’s devices can run smoothly and they can fulfil their tasks without any complications.
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The main factors behind the growth of the market are:
- High productivity and employee satisfaction: With the adoption of this trend, the productivity of employees is largely more effective than when compared with providing them enterprise-based devices as they are more adept and comfortable in their own devices. They have to get used to newer devices whenever they are provided with enterprise-based devices which can reduce the levels of comfort and productivity of various users. This has resulted in various enterprises giving their employees the opportunity to operate on their own devices, although this requires integration of specialized software and technologies to ensure better management of security
- Reduced hardware cost for enterprises: This trend of running their businesses helps various enterprises in significant reduction in relation to their hardware costs as their employees bring their own devices and the enterprises do not have to incur any expenditure on the acquisition of various devices and hardware systems. All that these enterprises require is the adoption of specialized enterprise mobility software which is significantly more economical and cost-effective when compared with promoting the usage of their own hardware
The market is segmented on the basis of device as smartphones, laptops, tablets/phablets; component as software, security, service; deployment as cloud, on-premises; vertical as BFSI, automobile, manufacturing, IT & telecom, retail, healthcare, transportation & logistics, energy & utilities, others.
Some of the key market developments are as follows:
- In February 2019, Seqrite announced the launch of their “Enterprise Mobility Management (EMM) portfolio to enhance the levels of security associated with mobile devices which are connected to the network of enterprises. The portfolio includes two new solutions that will be deployed over the cloud, “MobiSMART” for securing enterprise information on smartphones and “mSuite” for management of mobile apps and device itself. These services availability exhibits the commitment of Seqrite to ensure better operations of BYOD trend with availability of advanced security measures
- In April 2018, Qualys, Inc. announced that they had acquired 1Mobility’s software assets with the company based out of Singapore. This acquisition will result in the integration of services offerings of 1Mobility with that of Qualys’ helping them provide their services ranging from enterprise mobility management, over the air security policies, and management of BYOD for enterprise of different sizes
“According to Data Bridge Market Research, global BYOD-enterprise mobility market is expected to be growing at a healthy CAGR of 16.3% during the forecast period of 2017 to 2024”
Some of the major players operating in the market are Cisco Systems, Inc., Microsoft, BlackBerry Limited, Infosys Limited, IBM Corporation, Tata Consultancy Services Limited, SAP SE, Tech Mahindra Limited, AT&T Intellectual Property, Honeywell International Inc., Capgemini, Oracle, Accenture, HCL Technologies Limited among others.
One of the focuses of various service users is adoption of cloud-based deployment model for enterprise mobility and management of bring your own device trend. This has given a valuable growth opportunity for the different service providers to accommodate their service offerings over the cloud ensuring that they can reach a greater consumer base; this trend gives rise to a greater amount of revenue expansion solutions.