Press Release / Technology / Some of the Major Growth Strategies Followed by Key Players in the BYOD Security Market

Some of the Major Growth Strategies Followed by Key Players in the BYOD Security Market

Global BYOD Security Market Overview: 
The global BYOD (bring your own device) security market is expected to exhibit a strong 37% CAGR between 2017 and 2023, rising to a valuation of USD 69 billion by 2023, according to the latest research report from Market Research Future (MRFR).
BYOD refers to ‘bring your own device’ where organizations permit employees to use personally owned devices like laptops, tablets, and smartphones to work. The organization allows employees to use these devices to access privileged company information and application. BYOD is projected to make significant inroads and transforming the business landscape. Many IT departments struggle to update with the new developments in technology, causing employees to prefer working through their own devices
the growing demand for bring your own device policies has also raised the specter of BYOD security. While the benefits of BYOD policies for organizations are clear to see, many organizations lack the insight necessary to identify the security risks posed by the use of remote working policies. As any new user is connected to the common company network from his or her own device, they become a security liability, as their own device may contain links to other, harmful sites and expose the company software architecture to large-scale security breaches.
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BYOD Security Market Key Players:
The BYOD security market boasts a range of noteworthy players from across the globe. Some of these prominent companies profiled by Market Research Future (MRFR) include Citrix Systems, Inc. (U.S.), VMware, Inc. (U.S.), Good Technology Corporation. (U.S.), International Business Machines (IBM) Corporation (U.S.), Cisco Systems (U.S.), Mobileiron Inc. (U.S.), Fortinet Inc. (U.S.), Avaya Inc. (U.S.), Hewlett Packard Enterprise (U.S.), and Symantec Corporation (U.S.).
BYOD Security Industry Update:
March 2019: SyncDog, a Reston-based startup has launched Nist 800171 a mobile-based BYOD security solution that enables companies to enforce multi-factor authentication, a wipe of all CUI and other work or sensitive data without erasing personal data of the employee and guarantees the protection of data with 256-bit encryption in both transit and rest.
BYOD Security Market Segmentation:
The global BYOD security market is segmented on the basis of device type, software, security solution, end user, and region.
By device type, the global BYOD security market is segmented into smartphones, tablets, and laptops. Smartphones and tablets are likely to be increasingly important for the global BYOD security market over the forecast period due to their growing use by employees working remotely.
By software, the global BYOD security market is segmented into mobile data security, mobile device security, and network security.
By security solution, the global BYOD security market is segmented into mobile device management, mobile application management, mobile content management, and mobile identity management.
By end user, the global BYOD security market is segmented into large enterprises and small & midsized enterprises.
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BYOD Security Market Regional Analysis:
North America is likely to be the dominant regional market for BYOD security over the forecast period due to the growing demand for BYOD policies in the region. Employers in the region are increasingly adopting BYOD policies in order to save expenses on workplace equipment and maintenance. The increasing development of advanced telecommunications systems in North America is also likely to be a key driver for the BYOD security market in the region, as this facilitates easy adoption of BYOD policies. Several leading internet security market players are also situated in North America, leading to smooth growth of the BYOD security market in North America over the forecast period.
Europe is also likely to retain a dominant share in the global BYOD security market over the forecast period due to the growing demand for BYOD working policies in the region.
The growing corporate sector in Asia Pacific and the increasing availability of advanced telecommunications solutions to operate BYOD operations smoothly are likely to drive the Asia Pacific market for BYOD security solutions over the forecast period. Asia Pacific is likely to exhibit the fastest growth in the global BYOD security market over the forecast period.
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