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BYOD Security Market Trends

ID: MRFR//2175-HCR | 100 Pages | Author: Ankit Gupta| June 2024

BYOD Security Market Overview

The BYOD security market is projected to grow from USD 9.00 billion in 2024 to USD 81.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 31.73% during the forecast period (2024 - 2032). Additionally, the market size for BYOD security was valued at USD 6.57 billion in 2023.

The increasing adoption and penetration of smart devices, rising utilization of various cutting-edge security-based technologies, and increase in the adoption of the work-from-home (WFH) culture in various organizations is the key market drivers enhancing the market growth.

Figure 1: BYOD Security Market Size, 2023-2032 (USD Billion)

BYOD security market overview 2024

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

BYOD Security Market Trends

Key strategies adopted by various key players are driving the market growth

Market CAGR for BYOD security is driven by the growing strategies various key players adopt. Leading players in the market are investing in R&D to design solutions to address the increasing number of security threats and lessen their impact. In 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.

The increasing smart device penetration is expected to drive the BYOD market. The growth of connected devices expands the range of devices employees can bring into the workplace. In addition to smartphones and tablets, employees may bring the Internet of Things (IoT)-enabled devices such as fitness trackers, smartwatches, and other wearable devices. This device diversity creates new opportunities for employees to use their devices for work-related tasks, further driving the BYOD market. This preference for personal devices drives the demand for BYOD security market over the forecast period.

For instance, According to Cisco Systems, in 2022, North America had the most 5G connections adopted through wearable devices. In North America, the 439 million connections represented an increase of 222 million compared to the number of individuals connected to 4G networks in 2017. In North America and Asia Pacific, wearables accounted for around 70% of wearable 5G connectivity in 2022, driving the BYOD security market revenue.

The growing awareness about the availability of security tools to decrease the risks associated with BYOD. This promotes the use of personal devices among employees. The proliferation of mobile devices for business purposes enables employees to work at their preferred time. This also results in increased production in the firms, which majorly drives the growth of this market. Moreover, the average adoption of BYOD across all regions is approximately 70%. This newfound movement has found widespread acceptance amongst tech-savvy individuals ly. The acceptance of BYOD security would positively impact the market, increasing the organizations' productivity.

BYOD Security Market Segment Insights

BYOD Security Device Type Insights

The BYOD security market segmentation, based on device type, includes smartphones, tablets, and laptops. The smartphones segment dominated the market, accounting for 35% of market revenue (2.29 Billion). In developing economies, category growth is driven by growing demand for smartphone internet services and applications and the real-time need for information exchange. However, tablet is the fastest-growing category due to the growing utilization of the latest technologies, lower usage cost, and enterprise security.

BYOD Security Software Insights

The BYOD security market segmentation, based on software, includes mobile data security, mobile device security, and network security. The mobile device security category generated the most income (70.4%) due to an increase in the use of mobile devices ly, along with the cumulative adoption of concepts such as BYOD. However, network security is the fastest-growing category due to the increasing demand for network systems to connect, supply, and retrieve information among various companies.

BYOD Security Solution Security Insights

The BYOD security market segmentation, based on solution security, includes mobile device management, mobile security solution management, mobile content management, and mobile identity management. The mobile security solution management category generated the most income as it offers proactive monitoring to detect faults before they become a significant issues. However, mobile content management is the fastest-growing category, allowing organizations to reduce downtime and ensure their mobile content management solution operates efficiently.

BYOD Security End-User Insights

The BYOD security market segmentation, based on end-user, includes large enterprises and small & medium enterprises. The large enterprise category generated the most income owing to the rapidly growing adoption of mobile phones by large organizations across various industries. However, small & medium enterprise is the fastest-growing category due to the rapid rise in the number of start-ups in developing countries and increasing investments in BYOD security.

Figure 2: BYOD Security Market by End-User, 2022 & 2032 (USD Billion)

BYOD Security Market by End-User, 2022 & 2032

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

BYOD Security Regional Insights

By region, the study delivers market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American BYOD security market will dominate owing to the presence of many mobile marketing service providers and the highest smartphone penetration, boosting the market growth in this region. Further, the US BYOD security market held the largest market share, and the Canadian BYOD security market was the fastest-growing market in the North American region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's BYOD security market accounts for the second-largest market share due to the growing number of smartphone users, advancement in mobile device technologies, and advanced network connectivity in the region. Further, the German BYOD security market held the largest market share, and the UK BYOD security market was the fastest-growing market in the European region.

The Asia-Pacific BYOD Security Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to growing government initiatives towards digitization and booming digital transaction apps in this region. Moreover, China’s BYOD security market held the largest market share, and the Indian BYOD security market was the fastest-growing market in the Asia-Pacific region.

BYOD Security Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the BYOD security market grow even more. Market participants are also undertaking multiple strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the BYOD security industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the BYOD security industry to benefit clients and increase the market sector. Major players in the BYOD security market, including General Mills Inc., Amway, Conagra Brands Inc., Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., and others, are attempting to enhance market demand by investing in research and development operations.

Intel Corp designs and develops technology products and components. The firm's product portfolio comprises chipsets, microprocessors, embedded processors and microcontrollers, graphics, flash memory, network and communication, and conferencing products. It also delivers motherboards, server products, solid-state drives, wireless connectivity products and software and applications. Intel markets its products and solutions to original tools manufacturers, industrial and communications tools manufacturers and original design manufacturers. The firm's products find applications in tablets, servers, notebooks, and desktops. Intel markets processors under Core, Atom, Celeron, Quark, Pentium, Xeon, and Itanium brand names. In January 2023, Intel introduced a secure computing platform for virtual machines. Intel's VM isolation solution safeguards data kept within VMs within a trusted runtime environment separate from the underlying hardware.

VMware Inc offers applications of virtualization technologies and multi-cloud services. The company also provides software maintenance such as updates, upgrades and technical support, and professional services, including design, implementation, and training services. It delivers services and solutions under vRealize, Tanzu, vCloud, Bitnami, Heptio, Pivotal, ESX, VeloCloud, Nyansa, vSphere, VMware, Wavefront, VMware vSAN, NSX, vCenter, Workspace ONE, Carbon Black, Horizon, vMotion, AirWatch, and CloudHealth trademarks. The firm serves to government, telecom, healthcare, retail, and financial services sectors. VMware markets its offerings via a direct sales force and third-party distributors, system vendors, systems integrators, resellers and media and analysts. In August 2022, VMware Inc planned for innovations across its enhancing networking and security portfolio to assist customers in embracing the cloud operating model.

Key Companies in the BYOD Security market include

  • International Business Machines Corporation (U.S.)

  • Citrix Systems, Inc. (U.S.)

  • Good Technology Corporation. (U.S.)

  • Mobileiron Inc. (U.S.)

  • VMware, Inc. (U.S.)

  • Fortinet Inc. (U.S.)

  • Cisco Systems (U.S.)

  • Avaya Inc. (U.S.)

  • Hewlett Packard Enterprise (U.S.)

  • Symantec Corporation (U.S.)

BYOD Security Industry Developments

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.

June 2022: Kyndryl's partnership with Oracle helps consumer accelerate their expedition to the cloud by providing managed cloud solutions to enterprises worldwide.

BYOD Security Market Segmentation

BYOD Security Device Type Outlook

  • Smartphone

  • Tablet

  • Laptop

BYOD Security Software Outlook

  • Mobile Data Security

  • Mobile Device Security

  • Network Security

BYOD Security Solution Security Outlook

  • Mobile Device Management

  • Mobile Security Solution Management

  • Mobile Content Management

  • Mobile Identity Management

BYOD Security End-User Outlook

  • Large Enterprise

  • Small & Medium Enterprise

BYOD Security Regional Outlook

  • North America

o    US

o    Canada

  • Europe

o    Germany

o    France

o    UK

o    Italy

o    Spain

  • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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