Global Byod Security Market Is Expected to Reach $24.6 Billion by 2020 - Allied Market Research

According to a new report by Allied Market Research entitled, "Global BYOD Security Market- Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020", the global BYOD security market is expected to reach $24.6 billion by 2020, registering a CAGR of 36.3% during 2014-2020. Smartphones are widely used for business purposes among all other devices, and generated nearly 58% of revenue for the global market in 2013. Mobile application management (MAM) solutions would be witnessing tremendous growth opportunities in future due to the rising awareness about these security solutions across various regions. Large enterprises generated significant revenue for the global market in 2013, whereas small- and medium-scale enterprises (SMEs) contributed around one-fourth of the total revenue. SMEs would eventually increase their revenue share in global market. North American countries generated considerable amount of revenue in 2013 due to early adoption of BYOD concept and implementation of BYOD security policies.

Introduction of BYOD security software reduces the security risks associated with BYOD, due to which the adoption of BYOD policies by the companies in emerging markets is increasing. BYOD concept is gaining foothold due to its benefits for the enterprises such as lowering down infrastructure cost, increased productivity of the organizations and allowing employees to work according to their convenient time and place. The increasing importance of BYOD concept would ultimately support BYOD security market to rise in emerging markets by 2020.

To view the report, visit the website at http://www.alliedmarketresearch.com/BYOD-security-market

Smartphone is a key device that is majorly being used by the employees for work purposes. The ease of accessibility of corporate or business data by smartphones is driving the smartphone usage. However, security risks are also high with the usage of smartphones as in case of loss or theft of such devices....