Global BYOD and enterprise mobility market to reach $ 157.3 billion by 2026

FACTS AT A GLANCE
Editing: 5; Posted: January 2021
Management commitments: 151715
Companies: 497 – Players covered include 8X8, Inc .; Accenture plc; AT&T Communications, LLC; Blackberry Limited; Capgemini SE; Cisco Systems, Inc .; Five9, Inc; Genesys; HCL Technologies Limited; Honeywell International Inc .; IBM Corporation; Infosys Limited; Intrado Corporation; Microsoft Corporation; NICE in contact; Oracle Corporation; SAP SE; Tata Consultancy Services Limited; Tech Mahindra Limited; Verizon Communications Inc .; Vonage Holdings Corp. and others.
Blanket: All major geographies and key segments
Segments: Component (peripherals, software, other components); Deployment (Cloud, On-Premise); Vertical (IT and telecommunications, BFSI, retail, manufacturing, automotive, healthcare, other verticals)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia Pacific; Rest of the world.

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ABSTRACT-

Global BYOD market and enterprise mobility to reach $ 157.3 billion by 2026
Given its widely accepted role in improving the overall responsiveness, agility and flexibility of an organization, enterprise mobility has truly evolved into a competitive requirement in today’s global market. ‘hui. Enterprise mobility refers to working or conducting business anytime, anywhere using personal laptops and mobile devices, facilitated by the adoption of cloud technology for data access . The paradigm shift from the traditional office model to the digital workplace is attributed to the growing need for adaptability. The growing popularity of the BYOD trend, propelled by a growing preference for remote working, is a driving factor in the growth of the market. The many benefits of mobility in the workplace, such as increased employee satisfaction, improved communications between organizations within a company, flexible working hours and increased productivity, are factors that are pushing business people forward. companies to embrace corporate mobility. Traditional solutions are being replaced by EMM vendors who can provide consolidated services for a variety of mobile appliances as well as hybrid IT deployment. The future will see an evolution towards Internet of Things (IoT) products and services. EMM and (IoT) can together improve user productivity by improving collaboration and decision making. EMM is emerging as a one-stop solution for encryption, user authentication, virus checks and remote access to data / devices.

Amid the COVID-19 crisis, the global BYOD and enterprise mobility market is estimated to be US $ 61.4 billion in 2020, is expected to reach a revised size of US $ 157.3 billion by 2026, with a CAGR of 16.7% over the analysis period. Devices, one of the segments analyzed in the report, is expected to register a CAGR of 15.4% and reach 82.4 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the software segment is readjusted to a revised CAGR of 16.9% for the next 7-year period.

The US market is estimated at $ 22.6 billion in 2021, when China is expected to reach $ 33.7 billion by 2026
The BYOD and enterprise mobility market in the United States is estimated at US $ 22.6 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 33.7 billion US dollars by 2026, with a CAGR of 20.8% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 14.2% and 15.6% respectively during the analysis period. In Europe, Germany is expected to grow at around 14.2% CAGR. In the USA, Japan, and Europe, the adoption of mobility solutions is widespread in several end-use markets, including banking, financial and insurance (BFSI) entities, B2C companies, healthcare providers, retail chains , logistics and distribution companies and manufacturing units, making enterprise mobility and business communication technology well accepted. Characterized by strong deployments of mobile applications, a growing number of mobile workforce and a relatively lower penetration of enterprise mobility solutions, Asia Pacific represents a strong market for mobile enterprise infrastructure software and services. The deployment of the cloud and the increasing use of mobile devices for business purposes are fueling the growth of Asia Pacific Region.

By deployment, cloud segment to be reached $ 122.3 billion by 2026
Cloud computing makes the enterprise mobility solution more accessible and flexible. The need for cloud-based software increased dramatically in the first half of 2020, with more organizations embracing enterprise mobility and motivating employees to be productive while working remotely. As the number of mobile workforce grows and organizations provide a flexible working environment for employees, companies are turning to cloud-based applications to manage different functions and mobile devices from within. a single controlled environment. In the global Cloud segment (Deployment), United States, Canada, Japan, China and Europe will result in the estimated 18% CAGR for this segment. These regional markets representing a combined market size of US $ 34.3 billion in 2020 will reach a projected size of 112 billion US dollars at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 14.1 billion by 2026.After

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