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Global BYOD and Enterprise Mobility Market to Grow at a CAGR of 15.65% During the Period 2022-2027, Driven by Need to Protect Corporate Data

According to a new report by EMR titled, ‘Global BYOD and Enterprise Mobility Market Report and Forecast 2022-2027’, the global BYOD and enterprise mobility market is expected to grow at a CAGR of 15.65% during the period 2022-2027, led by advantages offered by BYOD programs.

The global BYOD and enterprise mobility market is expected to be driven by technological developments, growing number of connected gadgets, workers’ inclination to use their own gadgets for office work related tasks, and advantages offered by BYOD programs, including employee access to corporate apps and data on personal devices, reduced costs for firms, and increased employee productivity and job satisfaction. North America, Europe and Asia are projected to be key markets.

Enterprise mobility management (EMM) refers to a suite of services and technologies devised to secure corporate data on mobile devices of employees. Generally, it comprises a set of mobile management services and systems that secure firms’ intellectual property and data; systems are designed to integrate with a broad range of firms’ IT systems to fulfil and meet various firm requirements and concerns.  For example, mobile device management (MDM) helps in the management of the lifecycle of mobile devices and their individual platforms; MDM warrants the installation of distinct profiles on mobile gadgets. These profiles enable firms to remotely regulate, encode and implement policies on mobile devices. Mobile application management (MAM) enables firms to manage mobile applications; it addresses mobile app deployment and updating. MAM allows firms to enforce security policies to such apps and remove them selectively from a given device. This way, company information is protected without entirely wiping a device. Mobile identity management (MIM) ensures that only trusted gadgets and users may access company data and applications. Mobile information management (MIM) relates to remotely accessible databases. It is usually combined with MDM or MAM services as device- and app-management services depend on cloud-based means that store and sync files across several devices. Mobile content management (MCM) is a part of enterprise mobility management that allows workers to access content on mobile devices. Mobile expense management (MEM) helps firms regulate costs and monitor expenses related to mobile communications.

Enterprise mobility management market expanded after the emergence of BYOD (bring your own device). BYOD is a policy that allows employees to use their personal devices to carry out work related tasks. BYOD is gaining much popularity, and a rising number of workers are using personal desktops, laptops and tablets, apart from just smartphones. BYOD offers several advantages including improved employee satisfaction, better employee productivity, decreased cost, reduced maintenance responsibility of firms, and facilitation of remote work.  However, with more firms adopting flexible policies, the need was felt for enterprise mobility management to resolve problems (such as data theft and security threats) associated with permitting personal devices access to company data.

Key Findings of the Report:

  • Technological advances, employees’ inclination to use personal gadgets for office work related tasks, and advantages offered by BYOD programs are likely to boost market growth. 
  • The need to secure and protect corporate data on personal devices is expected to stimulate the market.
  • North America, Europe and Asia are likely to be key markets.

Market Analysis by Device, Component, Deployment, Vertical and Region:

  • By device, the market is segmented into Smartphones, Laptops and Tablets/Phablets.
  • By component, the market is classified into Software (further broken down by type into Mobile Device Management, Mobile Application Management, Mobile Data Management, Mobile Email Management, Mobile Telecom Expense Management and Others), Security (further broken down by type into Device Security, Email Security, Application Security, Mobile Content Security, Identity Access Management, Multi-User Management, and Network Security) and Service (further broken down by type into Managed Services and Professional Services).
  • By deployment, the market is segmented into Cloud and On-Premises.
  • By vertical, the market is divided into Banking, Financial Services, and Insurance; Automobile; Manufacturing; IT and Telecom; Retail; Healthcare; Transportation and Logistics; Energy and Utilities; and Others.
  • By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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