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BYOD (Bring Your Own Device) Market Size, Share, Growth and
Forecast to 2024 | Hexa Research
" The worldwide BYOD (Bring Your Own Device)
market stood at USD 94.2 billion in 2014. It is
expected to surpass USD 350 billion by 2022."
The global Bring Your Own Device (BYOD) Market is projected to exceed 350 billion by 2022 from USD 94.15
billion in 2014. Widespread adoption of devices, like tablets, smartphones, and laptops can positively affect
the market over the forecast period (2016 - 2024). BYOD enables employees bring their own devices to work.
This not only reduces hardware & device costs but also boosts employee productivity & satisfaction.
4G LTE services offered by telecom companies can drive the BYOD market in both developing & developed
economies. High demand for mobile phones owing to their low prices and low voice calling tariffs may boost
the Asia Pacific market till 2024.
BYOD increases the possibility of security risks, such as device thefts, tracking data, and hacking. Oftentimes,
when employees using their own personal devices at work, leave an organization, take with themselves
crucial organizational data & information. Moreover, device seizure & data loss and governance &
compliance issues can restrain market demand.
Browse Details of Report@ https://www.hexaresearch.com/research-report/bring-your-own-device-byod-
industry
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