Europe BYOD and enterprise mobility market stood at over $9 billion in 2017 and is expected to grow at CAGR of more than 17% to surpass $23 billion by 2023. BYOD stands for Bring Your Own Device. In 2013, the market grew approx. at $19.35 billion. The connectivity of devices together is one of the strong factors that drove the European BYOD market.
Let’s try to understand the BYOD Policy
Bring your own device is a substitute policy, which allows employees, business partners, and other users to bring their personal devices, such as smartphones, tablet, and laptops at work to execute applications and access data. This trend seems to rise with a super speed within the mobile app development companies. With the assistance of BYOD, the staff finds flexibility in the workplace, like extending hours and convenience to work from anyplace. Enterprises also take advantage in many ways, such as enhanced productivity, reduction in IT and operational costs, retention of employees, and better mobility for employees among others.
The European BYOD industry is considered as one of the fastest growing markets across the globe. As it is known that the demographic conditions in Europe have become adverse in the last couple of years. So, BYOD supports the European countries to attract young talent. We all know that the present generation is major in technology and has a strong approach, and the companies around the world always choose the young talent as the part of their core team. And explore their creative thoughts to make their work efficient and productive, and thus increase enterprise overall productivity. However, several organizations are progressively adopting BYOD policies to meet the requirement of these young employees.
In the simplest terms, it can be said that from the progress in the revenue to the rise in productivity, both the business and government plans use a planned strategy for the mobile and plans an exponential growth. Therefore, it should be observed that the government bodies are also seeming the path that use the enterprise mobile benefits to generate profit.
M-governance has become a buzzword these days, and enterprise mobility is an idea that is rapidly boosting ground around the world. The citizens are also taking a strong interest in this kind of activities.
Let’s discuss some of the most discussed terms in BYOD industry –
Enterprise mobility is a completely new idea for workforce mobilization and improvement in personal interaction. Using many applications to improve access point discussion, data transfer, and other updates only start to explain that how modifying these enterprise mobile apps can explore for the entire nation. Moreover, it puts the focus on how to utilize the available resources in a much efficient and better way.
Mobile governance: The application of smartphones and related software is used to process certain activities by the government and carry forward communication between the citizens and the government covering various communities as well. Mobile business apps can be customer design for various m-governance activities depending on the needs of a community, state or country. Let’s understand this with an instance, you can utilize an application to register your complaint, stay connected with your mayor, apply for your driving license, or passport, or do the registration of your enterprise and also can pay tax and manage everything online.
Another major benefit to the mobile enterprise in government agencies pertains to law enforcement. Many different applications have been designed to allow these public servants to stay abreast of real-time information updated orienting their work. The collection of the data system on one of the local server that can be used by the authorized team from any place and also provide various advantages to the team members. Time is running away very fast. If government agencies all over the world were to really take a step toward modernization and poses a challenge to the private sector and they would work on to build a mobile strategy compatible to themselves. Agencies and government which choose not to invest in such technology today lose out massively on productivity increases, simple data sharing, and other important benefits associated with enterprise mobility.
What are the future predictions for the BYOD market?
Europe BYOD and enterprise mobility are projected to grow at CAGR of more than 17% by 2023 and continually grow in the coming years. The growth in the industry is paced forward by the increase in demand for various advance solutions covering various sectors including transportation, healthcare, and logistics. On the other hand, increasing e-commerce, m-transactions, and m-governance activities are further pushing the adoption of BYOD and enterprise mobility solutions and services across the region.
Moreover, the growing number of FinTech and InsurTech startups along with rising inclination towards unified digital workforce across various sectors. Some of the big players are IBM Corporation, Cognizant Technology Solutions Corporations, Microsoft Inc., Accenture, Google etc.
TechSci Research carried out both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of countrywide BYOD and enterprise mobility developers, providers and distributors. While in the interviewing process, the respondents were also inquired about their competitors. TechSci Research further analyzed the product offering or variant, distribution channel, and regional presence of major BYOD ad enterprise mobility providers.
— Gina Luk (@ginaluk) February 26, 2018
Europe BYOD and Enterprise Mobility Market by Component discusses the following aspects of BYOD and enterprise mobility market in Europe.
- Segment Analysis- By Components like Software, Security Solution and Service
- By Deployment Mode- Cloud vs. On-Premise
- By End User Sector- Retail, BFSI, Manufacturing
- Competitive Analysis
- Altering Market trends and creating New Opportunities
Years considered for this report:
- Historical Years: 2013-2016
- Base year: 2017
- Estimated Years: 2018
- Forecast Period: 2019-2023
Benefits of buying this report:
- To influence a detailed understanding of BYOD and Enterprise Mobility in Europe
- To find out the on-going and anticipated booth in upcoming years
- To support and help industry consultant, BYOD and enterprise mobility distributors and other stakeholders align their market-focused strategies
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