BYOD Security Market Segmentation:
End user (Large Enterprises, Small & Medium Enterprises)
In BYOD security market, large enterprises segment is poised to capture over 66.4% revenue share by 2035. In large enterprises, employees have high access to corporate resources through personal devices. The prime factors boosting the use of BYOD security solutions are their global reach and the presence of a sizeable workforce. To secure the data from third-party individuals or cyber attackers, larger companies often employ strict BYOD policies and advanced security solutions. Also, the remote and hybrid work models of large enterprises are further augmenting the sales of BYOD security solutions. For instance, as per the analysis by Cisco Systems, Inc., a cybersecurity, software, and network solution provider, over 40% of employees are working in hybrid models, worldwide. Thus, the existence of remote and hybrid working models is having a potential influence on the sales of BYOD security solutions.
Software (Mobile Data Security, Mobile Device Security, Network Security)
The mobile device security segment is expected to dominate BYOD security market share of over 70.6% by 2035. The high use of mobile devices for office work, which are more vulnerable to malware and ransomware attacks is a major factor augmenting the sales of mobile device security solutions. Considering this aspect, many market players are investing heavily in R&D activities to develop advanced and reliable mobile device security solutions. For instance, in July 2023, Samsung Electronics Co., Ltd, and Microsoft Corporation announced a collaborative launch of an advanced enterprise mobile device security solution for modern workspace. This hardware-backed device attestation technology works well with both office and personal mobile devices.
Our in-depth analysis of the global BYOD security market includes the following segments:
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