CHICAGO, July 1, 2024
/PRNewswire/ -- The global BYOD and Enterprise
Mobility Market size is projected to grow from USD 72.7 billion in 2024 to USD 133.9 billion by 2029 at a Compound Annual
Growth Rate (CAGR) of 13.0%, according to a new report by
MarketsandMarkets™. The market encompasses a spectrum of solutions
such as including Mobile Device Management (MDM), Mobile
Application Management (MAM), Identity Access Management (IAM), and
others that are designed to facilitate the secure and efficient use
of personal devices for work purposes.
The market's growth is driven by several factors, including
advancements in enterprise mobility solutions that ensure seamless
integration and management of diverse device types and operating
systems. Further, the proliferation of smartphones and tablets and
the rise of cloud computing and IoT (Internet of Things)
accelerates the demand for robust enterprise mobility solutions.
Businesses are increasingly leveraging these technologies to enable
remote work capabilities, enhance employee productivity, and
streamline operational workflows. Moreover, stringent data security
standards and regulatory compliance requirements, such as GDPR and
HIPAA, drive the adoption of secure BYOD policies and solutions
across industries. As organizations prioritize agility and
scalability in their IT strategies, the BYOD and Enterprise
Mobility Market emerges as a critical enabler of digital
transformation and competitive advantage in today's interconnected
business landscape.
Browse in-depth TOC on "BYOD and Enterprise Mobility
Market"
250 – Tables
52 - Figures
260 –
Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2018-2029
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2029
|
Forecast
units
|
Value (USD)
Billion
|
Segments
Covered
|
Offerings, Verticals,
and Region
|
Region
covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, and Latin
America
|
Companies
covered
|
Microsoft Corporation,
Inc. (US), Cisco Systems (US), IBM (US), Blackberry (Canada),
Broadcom (US), Honeywell (US), TIBCO (US), AT&T (US), Samsung
(South Korea), Infosys (India), Ivanti (US), Oracle (US), HPE (US),
HCL (India), Tech Mahindra (India), TCS (India), Zoho Corporation
(US), Sophos (UK), SAP (Germany), Google (US), SOTI (Canada),
Hexnode (US), B2M Solutions (UK), Miradore (Finland), 42Gears
(India), N-able (US), JumpCloud (US), Zimperium (US), Lookout (US),
ProMobi Technologies (India), Matrix42 (US), Jamf
(US).
|
Based on solutions, the identity access & management
segment to hold the second largest market size during the forecast
period.
With the proliferation of BYOD policies and remote work
arrangements, IAM solutions have managed identities, enforced
authentication protocols, and maintained regulatory compliance.
These solutions offer comprehensive capabilities such as single
sign-on (SSO), multi-factor authentication (MFA), and identity
lifecycle management, which are crucial for maintaining data
integrity and regulatory compliance in BYOD environments. Factors
such as the complexity of cybersecurity threats and regulatory
requirements are driving the demand for IAM solutions, as
businesses are prioritizing robust identity governance and access
controls. The IAM segment is further poised to grow as the
importance of identity-centric security measures is gaining
momentum across various industries. Furthermore, it can be expected
that with the increasing adoption of cloud-based IAM solutions,
advancements in biometric authentication technologies, and the
expansion of regulatory frameworks emphasizing data protection and
privacy, IAM solutions will become a critical part of the BYOD and
Enterprise Mobility Market.
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By vertical, transportation & logistics segment is
expected to hold a second highest growth rate during the forecast
period.
The transportation & logistics segment is rapidly adopting
mobile technologies. The growth of this segment is mainly driven by
the need to optimize supply chain operations, improve fleet
management, and enhance overall operational efficiency. Companies
in this sector are deploying enterprise mobility solutions such as
MDM, GPS tracking systems, and real-time communication tools to
optimize fleet management, monitor assets, and streamline logistics
operations. By using these technologies, the companies can have
seamless coordination between drivers, dispatchers, and logistics
managers. This enables them to facilitate efficient route planning,
asset tracking, and timely deliveries. Moreover, BYOD and
enterprise mobility solutions empower field workers with mobile
access to critical information, enhancing decision-making
capabilities and customer service levels. The segment is further
expected to grow as the rising need for compliance with stringent
regulatory standards and safety protocols is prompting companies to
invest in BYOD policies and enterprise mobility solutions in order
to ensure adherence and mitigate operational risks. The
technological advancements are expected to boost this growth as it
will optimize the supply chain operations and logistics
management.
North America is expected to
hold the largest market size during the forecast period.
North America is expected to
dominate the market with the largest share throughout the forecast
period owing to its early adoption of advanced digital
technologies, robust IT infrastructure, and stringent data privacy
regulations. Enterprise mobility solutions are pivotal in ensuring
data integrity, enforcing security policies, and mitigating cyber
threats in BYOD environments. Additionally, the presence of leading
technology giants such as Microsoft, Cisco, IBM, Broadcom, and
others, and a thriving ecosystem of startups further strengthens
North America's position as a hub
for cutting-edge IT developments and market leadership in the
global landscape. Moreover, these regional companies are at the
forefront of digital innovation, integrating cloud computing,
artificial intelligence (AI), and machine learning into their
mobility strategies to enhance operational efficiency and maintain
regulatory compliance. This technical prowess positions
North America as a leading hub for
BYOD and enterprise mobility solutions, driving continuous growth
and innovation in the global market.
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Top Key Companies in BYOD and Enterprise Mobility
Market:
The major vendors covered in the BYOD and Enterprise Mobility
Market are Microsoft Corporation, Inc. (US), Cisco Systems (US),
IBM (US), Blackberry (Canada),
Broadcom (US), Honeywell (US), TIBCO (US), AT&T (US), Samsung
(South Korea), Infosys
(India), Ivanti (US), Oracle (US),
HPE (US), HCL (India), Tech
Mahindra (India), TCS
(India), Zoho Corporation (US),
Sophos (UK), SAP (Germany), Google
(US), SOTI (Canada), Hexnode (US),
B2M Solutions (UK), Miradore (Finland), 42Gears (India), N-able (US), JumpCloud (US), Zimperium
(US), Lookout (US), ProMobi Technologies (India), Matrix42 (US), Jamf (US). These
players have adopted various growth strategies, such as
partnerships, agreements and collaborations, new product launches,
enhancements, and acquisitions to expand their footprint in the
BYOD and Enterprise Mobility Market.
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