Bring Your Own Device (BYOD) Market Fractovia.pdf
BYOD Market for smartphones to grow at 17% CAGR
from 2015 to 2022: Fractovia.org
This BYOD Market report is an exhaustive research on companies active in BYOD
sector, its applications, products, end-users, trends and predictions on how the market
will grow in coming years.
The trending demand for enterprise mobility to efficiently perform business tasks, is
expected to be the driving force behind bring your own device market’s rapid
expansion. Increase in employee productivity, reduced hardware cost, and strong
claim for mobility software in large scale enterprises are some of the pushing factors
influencing the market globally. Many companies have already embraced this program
to increase their organization productivity. According to Global Market Insights Inc.,
“Bring your own device market worth USD 94.15 billion in 2014, is poised to exceed a
revenue of USD 350 billion by 2022.” Furthermore, the noticeable trend observed
among employees to prefer their own device for professional as well as personal
usage is likely to uplift the industry trends in the coming years.
An analytical overview of the bring your own device market based on devices,
end users, and regions over the period 2016-2022:
Smartphones, tablets, and laptops are the three major devices through which the
concept of bring your own device is implemented. Surging demand for
smartphones coupled with high-speed data services is expected to boost the
overall market size. Bring your own device industry for smartphones will exhibit
robust growth, with a projected annual rate of more than 17% over 2016-2022.
Mounting popularity of tablets is anticipated to bring a revolution in the global bring
your own device market. Tablets based bring your own device industry is forecast
to record a revenue of more than USD 130 billion in the next five years.
Businesses ranging from small to large scale enterprises, are collectively
contributing toward bring your own device industry. Demand from small scale
business is experiencing a noticeable growth and is expected to surpass a revenue
of USD 90 billion by 2022, with a projected CAGR of 19.7% over 2016 -2022.
Global bring your own device industry expansion from mid-to-large sized business
is projected to be the dominant sector with revenue record set to exceed USD 90
billion by 2022.