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