The BYOD And Business Mobility Market Will Reach 73.30 Billion Dollars In 2021

With the aim of increasing productivity, achieving greater operational efficiencies and, at the same time, reducing hardware costs, companies will increasingly adopt mobility from 2018. According to the report “BYOD & Enterprise Mobility Market – Global Forecast to 2021”, published by MarketsandMarkets, it is estimated that the BYOD market and business mobility will grow up to 73.30 billion dollars by 2021, with a compound annual growth rate of 15.87%.

In recent years, companies have innovated with mobile applications to increase productivity and optimize costs. In the future, with IoT and other enabling technologies such as analysis and the cloud, companies of all sizes will become increasingly mobile. The mobile applications market is expected to reach 98.03 billion dollars in 2021. This growth will be driven by the growing demand for real-time data capture and the business approach in the mobile workforce.

BYOD, an upward trend among companies

Increased productivity and employee satisfaction, lower hardware cost for businesses, increased smartphone penetration, demand for enterprise mobility software in organizations with internal IT departments and growing importance of managed mobility services are some of the factors that will drive the growth of the BYOD market (Bring Your Own Device) and business mobility.

Likewise, it is expected that the increased use of work-related activities in virtualized platforms will increase to 5.68 billion dollars in 2021, with an annual growth rate of 21.3%. Virtualized platforms also help companies simplify security strategies in relation to data flow.

Mobile device management software will play a key role

The mobile device management software will have the largest market share in the BYOD and enterprise mobility market until 2021. It is expected that its market share will grow due to the rapid increase in the use of mobile devices for work. The management of mobile devices has allowed organizations to implement, monitor, integrate and manage these devices in the workplace.

Increase in the identity access management market

Security concerns in the BYOD market and business mobility drive the mobility security market. Among the enterprise mobility security markets, the identity access management market is expected to grow at the highest rate, followed by the mobile content security market. The management of access to identity provides authorized persons with access to resources and manages and supervises the activities of users to protect the information of the company.

North America will have the largest market share

According to the report, North America will have the largest participation in the BYOD market and business mobility until 2021. This is due to the great acceptance of BYOD and business mobility services by North American organizations. The growing innovative developments in technologies are benefiting all the stakeholders present in the business mobility and BYOD market ecosystem in this region.