BYOD Security Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 14.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
BYOD Security Market Analysis
BYOD Security Market revenue is expected to grow at a CAGR of 14% over the next five years. The BYOD security market is a term that revolutionizes the IT and security industry. The market is growing popularly in different sectors because of its multiple applications and functionalities.
- BYOD refers to a corporate policy that allows employees to use their own devices in the office, such as laptops, tablets, and smartphones. It also allows them to gain access to confidential information and apps belonging to a company. Following this, it benefits companies by cutting hardware, software licensing, and device management expenses. The increasing cyber-attacks and data breaches from private companies and government organizations increase the BYOD security market demand.
- The BYOD Security Market is overgrowing because of the increasing use of smartphones, laptops, and tablets. To keep the device secure, IT created BYOD policies and implemented mobile device management (MDM) to keep them under control. This approach was crucial in helping with software distribution, service configuration, policy, security, and inventory management. With the MDM's help, IT organizations could be confident that data and information were being accessed securely, outside the office or on non-corporate-owned devices. Employees began to adapt to working from home mode and thus increasing the growing demand in the BYOD security market.
- Furthermore, key players in the market are focused on investments, acquisitions, and partnerships. These strategies are projected to increase the growth opportunities for the market. For Instance, Oracle partners with Microsoft to access Oracle databases on Oracle Cloud Infrastructure (OCI).
- BYOD Security solutions are highly used by organizations to prevent devices from cyber attacks. It also helps employees to work at their convenient locations. Due to these factors, the market would grow immensely over the next five years.
- The COVID-19 pandemic had a positive impact on the BYOD security market growth. During the COVID-19 pandemic, companies enabled bring-your-own-device (BYOD) environments for employees and partners due to massive changes in the employee working culture, with most organizations adopting BYOD trends. Organizations have been forced to adopt a BYOD policy to enable their workforces to operate from home, increasing the BYOD security market growth.
BYOD Security Market Trends
This section covers the major market trends shaping the BYOD Security Market according to our research experts:
Increasing Smart Devices Penetration
- The major drivers of the market are the increasing adoption of smartphones, laptops, and tablets. MDM (mobile device management) is security software that enables IT departments to apply policies to manage, monitor, and secure these end-user devices, including laptops, printers, smartphones, and tablets. MDM software is beneficial when a device is lost or stolen and can delete confidential data remotely.
- For Instance, NC (North Carolina) State University uses VMware Horizon virtual desktop infrastructure (VDI) solution to simplify desktop management and provides users with what they need. It also includes support services to access high-performance 3D graphics applications that offer a consistent and reliable end-user experience for faculty, staff, and students to address BYOD challenges.
- Mobile application management (MAM) software manages the security of company data accessed via a mobile device by delivering to and managing enterprise software on users' smartphones and tablets. Key players in the market are offering MAM software for customers to secure mobile devices. For Instance, Webex integrated with Enterprise Mobility Management (EMM) Microsoft Intune, a cloud-based service that provides both Mobile Application Management (MAM) and Mobile Device Management (MDM) capabilities.
- For Instance, Singapore Airlines (SIA) chose VMware, Inc.'s Workspace ONE solution to enable enhanced employee digital experiences across numerous apps and devices. With a focus on augmenting SIA's mobile-friendly Bring Your Own Device BYOD strategy, the VMware Workspace ONE platform will streamline mobile app distribution across more than 14,000 employee-owned devices and over 6,000 company-issued machines.
Norh America is Expected to Register Significant Market Growth During the Forecast Period
- The North America BYOD security market is expected to grow significantly over the next five years due to the growing smartphone sales, rising cybercrime and cyber-attack threats, advanced security-based technologies emergence, and key players' presence in this region are driving the market growth.
- Furthermore, the region includes a considerable presence among BYOD vendors. Cisco Systems Inc., IBM Corporation, and Oracle Corporation are among the firms supporting market progress in this area. The suppliers in the area are working together to develop digital transformation solutions. For instance, Ducati announced a partnership with RISE with SAP solution to facilitate a significant business transition involving essential business operations. The collaboration intends to build an intelligent corporate network that improves information quality and timeliness while expanding process digitalization.
- The trend toward providing employees access to mission-critical information regardless of location increased the adoption of BYOD security solutions. BYOD usage in the region is expected to grow substantially over the next five years due to the increased adoption of laptops, smartphones, and tablets.
- According to the IBM Cost of a Data Breach Report in the last year, healthcare breach costs have risen by 41.6% since the 2020 report, making it the most expensive sector for the past 12 years. Further, end-user industries, such as healthcare, are observing network security concern growth which will increase the BYOD security market demand.
BYOD Security Industry Overview
The competitive rivalry in this market is high because of dominant players like VMware, Inc., Cisco Systems, Hewlett Packard Enterprise, Citrix Systems, Inc., IBM, etc. The industry players constantly develop their product portfolios to gain competitive advantages with mergers and acquisitions, partnerships, and constant innovation.
June 2022 - Kyndryl partnership with Oracle to help customers accelerate their journey to the cloud by delivering managed cloud solutions to enterprises worldwide.
August 2022 -VMware Inc plans for innovations across its expanding networking and security portfolio to help customers embrace the cloud operating model.
BYOD Security Market Leaders
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VMware, Inc.
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Cisco Systems
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Hewlett Packard Enterprise
-
Citrix Systems
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IBM
*Disclaimer: Major Players sorted in no particular order
BYOD Security Market News
- November 2022 - Citrix released security upgrades to address a severe authentication bypass problem in its application delivery controller (ADC) and Gateway products used to take control of affected systems.
- November 2022 - Allot Ltd. collaborated with Verizon to deliver network-based cybersecurity protection to portions of the company's wireless and fixed wireless Small and Medium Business (SMB) and Internet of Things (IoT) clients to protect them from a wide range of cyber-attacks.
BYOD Security Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Smart Devices Penetration
5.1.2 Increasing Cyberattacks Drive the Demand for BYOD Security Solution
5.2 Market Restraints
5.2.1 Security Concerns and Government Compliance
6. MARKET SEGMENTATION
6.1 By Device
6.1.1 Smartphone
6.1.2 Tablet
6.1.3 Laptop
6.2 By Solution
6.2.1 Mobile Device Management (MDM)
6.2.2 Mobile Application Management (MAM)
6.2.3 Mobile Content Management (MCM)
6.2.4 Mobile Identity Management
6.3 By Software
6.3.1 Mobile Data Security
6.3.2 Mobile Device Security
6.3.3 Network Security
6.4 By Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 VMware, Inc.
7.1.2 Cisco Systems
7.1.3 Hewlett Packard Enterprise
7.1.4 Citrix Systems Inc.
7.1.5 Oracle Corporation
7.1.6 IBM Corporation
7.1.7 Tata Consultancy Services Limited
7.1.8 Verizon Communicatiomns
7.1.9 Aruba Networks
7.1.10 Blue Box
7.1.11 Forescout Technologies
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
BYOD Security Industry Segmentation
Bring your own device (BYOD) refers to employees using personal devices to connect to an organization's network, allowing them to access work-related systems and potentially sensitive data.
BYOD Security Market is segmented by the device (smartphone, tablet, laptop), solution (Mobile Device Management (MDM), Mobile Application Management (MAM), Mobile Content Management (MCM), Mobile Identity Management), software (mobile data security, mobile device security, network security), by geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are in value (USD million) for all the above segments.
| By Device | |
| Smartphone | |
| Tablet | |
| Laptop |
| By Solution | |
| Mobile Device Management (MDM) | |
| Mobile Application Management (MAM) | |
| Mobile Content Management (MCM) | |
| Mobile Identity Management |
| By Software | |
| Mobile Data Security | |
| Mobile Device Security | |
| Network Security |
| By Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East and Africa |
BYOD Security Market Research FAQs
What is the current BYOD Security Market size?
The BYOD Security Market is projected to register a CAGR of 14% during the forecast period (2024-2029)
Who are the key players in BYOD Security Market?
VMware, Inc., Cisco Systems, Hewlett Packard Enterprise, Citrix Systems and IBM are the major companies operating in the BYOD Security Market.
Which is the fastest growing region in BYOD Security Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in BYOD Security Market?
In 2024, the North America accounts for the largest market share in BYOD Security Market.
What years does this BYOD Security Market cover?
The report covers the BYOD Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the BYOD Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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