Bring Your Own Device Market Growth, Trends and Forecast Report, 2016 to 2024

The worldwide BYOD (Bring Your Own Device) market stood at USD 94.2 billion in 2014. It is expected to surpass USD 350 billion by 2022. Increasing adoption of tablets, laptops, and smartphones can boost this market over the forecast period (2016 - 2024). Proliferation of services, such as 4G LTE may drive the BYOD market in developed & developing economies in the forthcoming years. It has been observed that employees prefer using one device only, for their professional and personal use. This prevents inconvenience caused by separate devices and reduces thefts. Furthermore, the need to switch between personal and work devices also gets eliminated. Such a trend lowers the hardware & device costs for a company.