Worldwide BYOD and enterprise mobility market is expected to increase from $67.21bn in 2011 to reach $181.39bn by 2017, rising at a compound annual growth rate (CAGR) of 15.17%, according to a report by MarketsandMarkets.
According to the report Bring-your-own-device (BYOD), Consumerimization of IT (Co-IT) and Enterprise Mobility Market – Global Advancements, Business Models, Market Forecasts & Analysis (2012 – 2017), the growth is driven with rising number of enterprises going mobile and seeking to be connected with their mobile workforce anytime anywhere.
Increase in network coverage is also one of the reason for the growth in adoption of mobility applications by enterprises.
The report says, growing acceptance from large, small and medium business and the introduction of new mobile devices are other driving factors of the enterprise mobility market in the coming years.
Companies are now adopting BYOD and enterprise mobility phenomena for various reasons such as, Real-time communication, Greater accessibility, End-user buy-in, Productivity enhancement and much more.
Regionwise, North America has topped with a share of 36.10% of the overall managed BYOD & Enterprise Mobility Market in 2011 at $24.26bn.
In addition, the North America’s enterprise BYOD revenue is expected to reach $58.60bn by 2017, at a CAGR of 12.9% from 2012 to 2017.
