About the Bring Your Own Device (BYOD) Security Market
The BYOD policy allows employees to use their personal devices to gain access to corporate networks. It helps organizations to enhance operational efficiency and business productivity. Organizations also save on the cost of equipment by allowing employees to use their own mobile devices.BYOD allows employees to access corporate data and resources without any location or time constraints. It provides users access to e-mails and other shared drives outside the organization. The introduction of mobile devices in workplaces has changed the way users access and consume enterprise resources. The increase in urban population, rise in disposable income, growing penetration of low-cost tablets, and increase in awareness of electronic gadgets are factors that drive the demand for mobile devices and applications, which supports the BYOD security market.
Technavio’s analysts forecast the global BYOD security market to grow at a CAGR of 24.97% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global BYOD security market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of BYOD security solutions used in smartphones, tablets, and laptops. To calculate the market size, the report takes into consideration the revenue generated from the sales of the following BYOD security solutions:
Technavio Announces the Publication of its Research Report – Global Bring Your Own Device (BYOD) Security Market 2016-2020
Technavio recognizes the following companies as the key players in the global bring your own device (BYOD) security market: Citrix Systems, Good Technology, IBM, MobileIron, and VMWare.
Other Prominent Vendors in the market are: Apperian, Bluebox, Cisco Systems, Kaspersky, McAfee, MOCANA, SAP, Sophos, SOTI, Symantec, Trend Micro, and Veracode.
Commenting on the report, an analyst from Technavio’s team said: “A trend boosting market growth is the increase in number of DDoS attacks.Hackers are focusing on attacking network layers instead of application layers. DoS is one of most common techniques used to steal confidential data. Hackers use it to send harmful data into a user's web server and network resources to increase traffic. It automatically generates requests for access, blocking both the server and accessibility to legitimate users. Hackers are opting for DDoS techniques, an improved version of DoS, to initiate a coordinated attack from multiple systems, which has a more powerful effect than DoS. The adoption of BYOD has made mobile networks more vulnerable, leading to an increase in the number of DDoS attacks. The increase in DDoS attacks has become a cause of concern for enterprises, leading to a greater demand for BYOD security solutions.”
According to the report, a key growth driver is the increased use of mobile devices. The increased use of mobile devices has led to an increase in access to critical information and the storage of data on mobile devices. So, the need for securing mobile devices is increasing. The increase in employee mobility and the rising adoption of the BYOD policy is leading to the increased use of mobile devices. Mobile devices are used for many purposes such as uploading pictures, reading e-mail attachments, downloading documents, and making online transactions. During its use, it may connect with the virtual private network (VPN) inside a corporate firewall. It is easy for hackers to gain access to mobile devices and unauthorized access to corporate networks, firewalls, and virtual private networks. This may lead to cases of fraud and misuse of critical corporate and business data. Enterprises are increasingly adopting BYOD security solutions to secure their networks from increasing security threats and to provide secure access to confidential information.
Further, the report states that one challenge that could hamper market growth is the lack of awareness about BYOD security among end-users.
Citrix Systems, Good Technology, IBM, MobileIron, VMWare, Apperian, Bluebox, Cisco Systems, Kaspersky, McAfee, MOCANA, SAP, Sophos, SOTI, Symantec, Trend Micro, Veracode.