iCrowdNewswire Jan 5, 2021 5:48 PM ET
Market Research Future (MRFR), highlights that the Bring Your Own Device Market To Gain Popularity Owing To Need For Enterprise Flexibility.
Bring Your Own Device Market-Overview
The sharp preference turn towards employee-owned devices is estimated to incentivize the bring your own device market 2020. The semiconductors and electronics reports are made by Market Research Future, which includes market possibilities for advancement. A 16% CAGR is predicted to open up the earning potential to USD 96 billion by 2023.
The increase in BYODs is credited to the restricted access to non-essential personnel is estimated to further induce development in the bring your own device market. Besides, the aspect of augmented productivity and reduced hardware costs are estimated to further open up the scope for development in the bring your own device boost mobiles. The increased need for enterprise mobility is further projected to boost the bring your own device market share.
The reinforcement of the distribution channels is estimated to further place the market in the right place for the future. The emphasis on marketing strategies is estimated to decline due to the focus being placed on cost optimization. The contender’s progress in the market is estimated to be bolstered by the innovations that are being undertaken to enhance the core product offering in the upcoming period. The market is estimated to be energized by the incentives offered by the governments and the initiatives taken to spur the global market. The trade blockades are, however, estimated to slow down the momentum that could be attained by the market. The companies in the market are estimated to solely focus on getting their growth paths back on track to maximize the opportunities that may arise.
The noteworthy contenders in the bring your own device market are Cisco Systems, Inc. (U.S.), AirWatch (U.S.), AT&T (U.S.), Microsoft Corporation (U.S.), Tech Mahindra Limited (India), AT&T (U.S.), Honeywell International (U.S.), Capgemini (France), Oracle Corporation (U.S.), Accenture (Ireland), SAP SE (Germany), Alcatel-Lucent S.A. (France), Apperian (U.S.), Hewlett-Packard (U.S.), Duo Security (U.S.) and HCL (India).
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The segmental investigation of the market for bring your own device is conducted on the basis of device, component, deployment, region and vertical.
- On the vertical basis, the market of bring your own device consists of healthcare, retail, transportation, BFSI, I.T. & telecommunication, manufacturing, and others.
- Based on the regions, the market of bring your own device is segmented into the Asia Pacific, North America, Europe, and rest of the regions in the world.
- Based on the deployments, the bring your own device market is bifurcated into cloud and on-premise.
- On the basis of component, the market of bring your own device is segmented into security, solution, and service.
- Based on the devices, the market of bring your own device is segmented into tablets, smartphones, and laptops.
Detailed Regional Analysis
The regional review of the bring your own device market is studied in Asia Pacific, North America, Europe, and the rest of the regions in the world. For the principal segment of the market, it has been noted that the North American region is projected to account. In contrast, the Asia Pacific region is anticipated to propagate at the fastest rate for the duration of the forecast. The augmented implementation of cloud-based services and technological signs of progress across numerous industry verticals is accredited to induce growth of the bring your own device market in the region of North America.
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TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Bring Your Own Device Market, By Segments
- Competitive Analysis
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