Global Bring Your Own Device Market, By Device (Smartphones, Tablets, Laptops and Others), End-use (Mid-Large Size Business and Small-Sized Business) Industry Trends and Forecast to 2029.
Bring Your Own Device Market Analysis and Size
Bring your own device market is driven by the increased proliferation of smartphones and the inclination towards high speed internet such as 4G and 5G LTE services for both developing and developed economies. As employees are acquainted with more advanced self-owned devices they can perform tasks more efficiently thereby increasing work productivity and growth of the bring your own device (BYOD) market..
Global bring your own device market was valued at USD 73.30 billion in 2021 and is expected to reach USD 238.49 billion by 2029, registering a CAGR of 15.89% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Device (Smartphones, Tablets, Laptops and Others), End-use (Mid-Large Size Business and Small-Sized Business)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Cisco Systems, Inc. (U.S.), VMware, Inc. (U.S.), AT&T Intellectual Property. (U.S.), Microsoft (U.S.), Tech Mahindra Limited. (India), Honeywell International Inc. (U.S.), Capgemini (France), Oracle (U.S.), Accenture (Ireland), SAP (Germany), ALE International (France), Apperian (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Duo (U.S.), HCL Technologies Limited (India), BlackBerry Limited. (Canada), Infosys Limited (India), IBM (U.S.), Tata Consultancy Services Limited. (India)
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Market Opportunities
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Market Definition
A bring your own device is a policy that allows an individual to bring their personal devices at the workplace or at the place of study where they can use their personal devices for the related work. These devices include smartphones, laptops and tablets. Several MNCs are providing this facility as it enables to provide a flexible workplace with maximum employee satisfaction rates. With the rising IT solutions there has been maximum demands for bring your own device in various industries.
Bring Your Own Device Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased efficiency and flexibility at workplace
Bringing your own device at the workplace help employees increase flexibility and lets them balance their work and personal life. By bring your own devices to measure employees are able to save time which in turn leads to more concentration in the work and ultimately leads to better productivity.
Furthermore, the development of the 5G network fuels the market growth. The improved internet services and speed has granted improved file accessibility. The main factor propelling the market is the increasing demand for high-speed networks in the industries to analyze real-time data, enhance production processes, and provide secure as well as smooth data transmission increasing work efficiency.
Opportunities
- Growing Penetration and Technological Advancements
The growing penetration of mobile data and devices, reduced enterprise hardware costs and increased adoption of smartphones across the globe are the factors that are increasing the bring your own device market. In addition, the increased adoption of cloud-based technologies and growing popularity of the bring your own device (BYOD) measures will also offer numerous growth opportunities within the market.
Restraints/Challenges
- Lack of security and privacy
The data and the organization's lack of security and privacy is anticipated to be a restraining factor. The personal devices are connected to the office networks and databases, there might be a certain rise in the probability for the hacking or leakage of the confidential data of the organization. These factors are expected to obstruct market growth.
This bring your own device market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bring your own device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bring Your Own Device Market Scope
Bring your own device market is segmented on the basis of device and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Device
- Smartphones
- Tablets
- Laptops
- Others
End-use
- Mid-Large Size Business
- Small-Sized Business
Bring Your Own Device Market Regional Analysis/Insights
The bring your own device market is analyzed and market size insights and trends are provided by device and end-use as referenced above.
The countries covered in the bring your own device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the bring your own device market because of the advanced headways and sustained adoption of cloud-based administrations across different industry verticals.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising demand of high speed connectivity devices and skilled individuals with better production rates.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bring Your Own Device Market Share Analysis
The bring your own device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bring your own device market.
Some of the major players operating in the bring your own device market are
- Cisco Systems, Inc. (U.S.)
- VMware, Inc. (U.S.)
- AT&T Intellectual Property. (U.S.)
- Microsoft (U.S.)
- Tech Mahindra Limited. (India)
- Honeywell International Inc. (U.S.)
- Capgemini (France)
- Oracle (U.S.)
- Accenture (Ireland)
- SAP (Germany)
- ALE International (France)
- Apperian (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- Duo (U.S.)
- HCL Technologies Limited (India)
- BlackBerry Limited. (Canada)
- Infosys Limited (India)
- IBM (U.S.)
- Tata Consultancy Services Limited. (India)
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