Market Trends of BYOD Security Industry
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.
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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.
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