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Global BYOD and Enterprise Mobility Market to Grow 22% Annually Through 2024

Strategic Insights

— 1 min read

The Global BYOD and Enterprise Mobility Market is expected to grow by $862.29 million during 2020-2024, driven by cost savings with BYOD, rapid adoption of BYOD policy, and increasing Internet users via devices. The market is projected to experience a compound annual growth rate (CAGR) of 22% during the forecast period. The market is being driven by several factors, including the growing awareness of cloud-based BYOD security, high-power processors developed for IoT devices, and increased adoption by Small and Medium-sized Enterprises (SMEs).

Key Takeaways:

  • The BYOD and enterprise mobility market is expected to grow from $3.48 billion in 2020 to $4.35 billion in 2024, with a CAGR of 22%.
  • Cost savings with BYOD, rapid adoption of BYOD policy, and increasing Internet users via devices are the primary drivers of the market growth.
  • Cloud-based BYOD security, high-power processors for IoT devices, and increased adoption by SMEs are key factors contributing to the market growth.
  • Alphabet Inc., Apple Inc., ASUSTeK Computer Inc., Cisco Systems Inc., Citrix Systems Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., and Samsung Electronics Co. Ltd. are among the leading vendors in the market.
  • The market analysis also highlights the emerging trends and challenges that will influence market growth, including the increasing demand for mobile devices, growing concerns about data security, and increasing competition from new entrants.

Statistics:

  • The global BYOD and enterprise mobility market is expected to grow by $862.29 million during 2020-2024.
  • The market is projected to experience a CAGR of 22% during the forecast period.
  • The market size is anticipated to reach $4.35 billion by 2024, up from $3.48 billion in 2020.
  • The market is being driven by several factors, including the growing awareness of cloud-based BYOD security, high-power processors developed for IoT devices, and increased adoption by SMEs.

Sources:

  • ResearchAndMarkets.com's report "Global BYOD and Enterprise Mobility Market 2020-2024"
  • BusinessWire.com article "ResearchAndMarkets.com Adds Report: Global BYOD and Enterprise Mobility Market 2020-2024"

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