- Opportunity and Forecast, 2016-2025
Bring your own device (BYOD) security preserves intellectual property and confidential information by preventing data breach and cyber-attacks. It also provides flexibility and convenience to employees to work from any location, and secures information and data from theft, and prevents unauthorized access. It enables access to real-time organization data and critical data by deploying effective security solutions, and helps in rapid decision-making. Organizations across the world are promoting use of BYOD and providing devices to their employees.
High demand for smartphones, rapid development of technologically advanced security solutions, and focus of companies on gaining high profits drive the growth in the global BYOD security market. However, malicious hackers and apparently harmless software applications restrain this growth. Investments in emerging economies, including China, India, Indonesia, and others, creates opportunities in the industry for growth.
The global BYOD security market is segmented into type, solution, software, and geography. Based on type, the market is divided into smartphones, tablets, and laptops. Based on solution, it is classified into mobile content management, mobile application management, and mobile identity management. Software segment is classified into mobile device security, mobile data security, and network security. Geographically, the market is analyzed across Europe, Latin America, North America, Asia-Pacific, and Middle East & Africa.
Key manufacturers operating in the industry are Fortinet, Inc., Citrix Systems, International Business Machines (IBM), VMware, MobileIron, Good Technology, and others. These manufacturers have formulated strategies, such as collaborations, expansion, partnerships, new product launches, joint ventures, mergers & acquisitions, to gain a strong foothold and gain competitive edge in the industry.
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