Fast Facts: We Haven’t Reached BYOD’s Potential Yet

Contributor: Jason Koestenblatt
Posted: 12/22/2017
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BYOD

In the fast-paced IT industry, new statistics and data are released daily. Each week, Enterprise Mobility Exchange publishes Fast Facts, taking a look at interesting or noteworthy information impacting businesses.

All markets expect to see growth, especially in technology and, drilled down, enterprise mobility. While the Bring Your Own Device (BYOD) movement is nearing a decade in age, it seems as though the enterprise has nowhere near taken full advantage of what’s available to users.

According to the latest forecast, the BYOD market value is expected to see a 22% CAGR now through 2023, proving that SMBs and enterprises alike haven’t even begun to scratch the surface of mobility’s capabilities.

The BYOD market is defined by device type as tablets, laptops, and smartphones, with software components defined as mobile data security, mobile device security, and network security.

Enterprise Mobility Exchange fielded a survey earlier this year that showed just 17 percent of IT executives adopted a BYOD platform in their enterprise. Additionally, some organizations used BYOD, then reverted back to a Corporately Owned, Personally Enabled (COPE) environment despite a higher cost.

The forecast of market value growth for BYOD environments is just a prediction, of course, but at no time since the bring-your-own movement was created in the late 2000s has it slowed down. Only time will tell.

Have more Fast Facts? Share them with editor Jason Koestenblatt by emailing jason.koestenblatt@enterprisemobilityexchange.com. Get more news and industry analysis directly to your inbox from Enterprise Mobility Exchange by signing up for our newsletters here.

Jason Koestenblatt
Contributor: Jason Koestenblatt