A new research report by Transparency Market Research (TMR) presents a complete overview of the global market for BYOD security. The market study, titled “BYOD Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” states that the rising adoption of bring your own device (BYOD) policies in organizations is fueling this market significantly.
BYOD is an emerging trend among enterprises and professionals across the world. The reduced hardware expenses, as well as increased productivity, achieved through implementation of BYOD has encouraged companies to implement this as a policy in their organization. However, this trend has also exposed these companies to various threats related to data security. According to the research study, this factor is the main growth driver of the global BYOD security market.
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Apart from this, the increasing preference of professionals for working while on the move is also supporting the BYOD trend, which, in turn, is boosting the demand for BYOD security solution considerably. However, the heavy initial investment required to deploy these solutions is projected to limit the market’s growth during the period of forecast. The dearth of awareness regarding BYOD security solutions among end users is also expected to restrict this market, states the market study.
The research study analyzes the global BYOD security market on the basis of the type of security solution and its regional spread. On the regional front, the report has segmented the global market for BYOD security into Asia Pacific, Europe, North America, and the Rest of the World.
North America leads the global BYOD security market. The technological advancement in data security, together with the increasing focus of North American enterprises on employee convenience, is propelling the BYOD security market in this region remarkably, states the market report.
The Asia Pacific BYOD security market has also been experiencing an impressive surge in recent years, notes the research study. The rise in the foreign investment in China, Singapore, India, and Indonesia is driving this regional market substantially. However, the high cost associated with the security solutions for BYOD is expected to hinder the growth of this market in Asia Pacific over the forecast period.
Based on the type of security solution, this market has been classified into mobile network security solutions, mobile data management solutions, mobile data security solutions, and mobile ID management solutions in this market report.
SAP, Trend Micro, Citrix Systems, IBM, Good Technology, VMware, Mobile iron, Cisco Systems, Alcatel-Lucent, and Symantec Corp. are some of the international BYOD security solution providers mentioned in this research study.