Recent finding from MarketsandMarkets on BYOD and the Enterprise Mobility Management (EMM) market show some exciting statistics. The research predicts the global market for BYOD and EMM to nearly quadruple over the next four years. In fact, North America is expected to be the largest region for market growth and MarketsandMarkets predicts a global compound annual growth rate (CAGR) of 26.6 percent taking the current $72 billion market valuation to $284 billion by 2019.
According to the report, “Bring Your Own Device (BYOD) & Enterprise Mobility Market,” the global BYOD market is broken into 5 segments: Mobile Device Management, Mobile Application Management, Telecom Expense Management, Content Management and Email Management.
This acceleration of growth is in large part due to the increase in cloud infrastructure adoption, reduced hardware costs, emergence of the mobile workforce, growing smartphone adoption worldwide, across a growing number of industry verticals and regions. Security and compliance are also on the minds of many enterprise decision-makers.
Together, these factors are influencing organizations to adopt a comprehensive EMM strategy.