Global BYOD and Enterprise Mobility Market Report 2022: Market to Surpass $150 Billion by 2026 with COVID-19 Fast-Tracking Enterprise Mobility Initiatives
DUBLIN, Aug. 3, 2022 /PRNewswire/ -- The "BYOD and Enterprise Mobility - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global BYOD and Enterprise Mobility Market to Reach $157.3 Billion by 2026
Amid the COVID-19 crisis, the global market for BYOD and Enterprise Mobility estimated at US$84.4 Billion in the year 2022, is projected to reach a revised size of US$157.3 Billion by 2026, growing at a CAGR of 16.7% over the analysis period.
The paradigm shift from the traditional office model to the digital workplace is attributed to the growing need for adaptability. The growing popularity of BYOD trend, propelled by increasing preference to working remotely, is a driving factor behind the market growth.
The numerous benefits of workplace mobility such as enhanced employee satisfaction, improved communications between organizations within a company, schedule flexibilities and increased productivity are factors driving companies to adopt enterprise mobility.
Traditional solutions are being substituted by EMM vendors who can provide consolidated services for a variety of mobile appliances along with hybrid IT deployment. The future will see a shift to Internet of things (IoT) products and services. EMM and (IoT) together can improve user productivity by enhancing collaboration and decision making. EMM is emerging as a one stop solution for encryption, user authentication, anti-virus controls and remote data/device access.
Staying ahead of the competition involves embracing needed change which in the current times is companies going digital, enabling remote working options and adopting the Bring your own device (BYOD) approach, that are all characteristics of enterprise mobility. Enterprise mobility adds agility to the system and in turn enables businesses stay operational during times of crisis.
Devices, one of the segments analyzed in the report, is projected to record a 15.4% CAGR and reach US$82.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 16.9% CAGR for the next 7-year period.
The BYOD and Enterprise Mobility market in the U.S. is estimated at US$26.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$33.7 Billion by the year 2026 trailing a CAGR of 20.8% over the analysis period.
Among the other noteworthy geographic marketsare Japan and Canada, each forecast to grow at 14.2% and 15.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR. In the US, Japan, and Europe, adoption of mobility solutions is widely popular across several end-use markets, including banking, finance & insurance (BFSI) entities, B2C companies, healthcare providers, retail chains, logistics & distribution companies, and manufacturing units, which makes enterprise mobility an established and well accepted enterprise communications technology.
Characterized by strong mobile application deployments, growing number of mobile workforce, and relatively lower penetration of enterprise mobility solutions, Asia-Pacific represents a strong market for mobile enterprise infrastructure software and services. Cloud deployment and increasing use of mobile devices for business purposes is fueling the growth in the Asia-Pacific region.
Key Topics Covered:
2. FOCUS ON SELECT PLAYERS (Total 497 Featured)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/sd2m01
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