Global BYOD and Enterprise Mobility Market | Cost Savings with BYOD to Lead the Market CAGR to Reach Almost 22% | Technavio
The global BYOD and enterprise mobility market size is poised to grow by USD 862.29 million during 2020-2024. However, the market is expected to decelerate at a CAGR of almost 22% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global BYOD and Enterprise Mobility Market 2020-2024 (Graphic: Business Wire)
The BYOD and enterprise mobility market is driven by the cost savings with BYOD. BYOD offers a huge benefit to the company in terms of cost-savings as the organizations do not have to spend on expensive devices for employees. In addition, employees can work from almost anywhere using the same device for both business and personal requirements. This relieves them from carrying more than one mobile device. Employees who might not be able to come to the office because of bad weather conditions or traffic congestion can work from home or anywhere else. Sometimes, it leads to savings on the budget by shifting the cost of purchasing the mobile device to the user.
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Growing Awareness of Cloud-based BYOD Security will be a Key Market Trend
The growing awareness of cloud-based BYOD security is one of the key BYOD and enterprise mobility market trends. The need for secure storage applications while reducing hardware costs gives traction to the demand for cloud-based BYOD security. Cloud security is convenient and cost-effective, can be controlled remotely, does not need additional hardware or software, and provides better protection, reduced bandwidth congestion, and also enables uninterrupted internet connection. Companies are increasingly adopting open-source BYOD security services that protect all relevant personal information, provides security against cyber threats and attacks, and limits access to critical data.
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BYOD and Enterprise Mobility Market 2020-2024: Key Highlights
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