The BYOD (Bring Your Own Device) and enterprise mobility market size is predicted to touch USD 94.41 billion at a 15.86% CAGR between 2018- 2023, states the recent Market Research Future (MRFR) analysis. BYOD or bring-your-own device is the policy to allow employees to bring their own devices like PDAs, laptops, tablets, and smartphones to the workplace and also use enterprise mobile applications for accessing corporate data.
Various factors are propelling the global BYOD and enterprise mobility market share. According to the recent MRFR report, such factors include the growing adoption of cloud-based services by SMEs, growing demand for BYOD & enterprise mobility solutions in different sectors such as transportation and logistics, healthcare, retail, IT and telecom, manufacturing, automobile, BFSI, and others, growing economy, and increasing employment rate.
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By region, the BYOD and enterprise mobility industry covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Among these, North America will dominate the market over the forecast period. The preference of employees to work on tablets and smartphones for business purposes, coupled with the booming cloud-based application industry, is adding to the global BYOD and enterprise mobility market growth in the region.
The global BYOD and enterprise mobility market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing adoption of industry trends, coupled with high adoption of BYOD solutions for rising acceptance by companies for mobile handset device uses for professional purposes.
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