In 2014, the Bring Your Own Device market was valued at $30 billion. Today, it’s predicted to reach $485.5 billion by 2025. What are the reasons for this impressive growth, and what trends should you look out for in the future?
The Key BYOD Trends in 2022
Organizations have embraced Bring Your Own Device (BYOD) initiatives in the past few years like never before. 87% of businesses now depend on their employees’ ability to access mobile apps, and the line between the corporate office and remote working is increasingly blurred.
Remote working, reliance on mobile devices, Bring Your Own Network (BYON) developments, and technology innovation have instigated widespread change.
As BYOD solutions continue to evolve, enterprises will need to revaluate their existing policies to cater to emerging trends and keep up with an ever-evolving digital environment.
Here are some of the key trends to look out for in 2022.
1. BYOD Security and Compliance
72% of companies lack a plan to secure their BYOD devices. And the proliferation of devices has widened potential security gaps for many enterprises. With diminishing organizational boundaries, employees have become the new security perimeter.
Effectively managing the protection and compliance of corporate data will be vital in the coming year. All while ensuring effective mobility for device users. To address these challenges, a Unified Endpoint Management (UEM solution) can help give enterprises the visibility and control they need to stay on top of compliance demands.
All corporate data is secured via encryption, and authentication is required to access the data. This means only the right people with the right credentials can access sensitive content. A UEM solution also offers a wealth of tools to push out automatic updates, manage security, and control all devices from a single, centralized location.
2. Global Growth
BYOD solutions are now a fully-fledged business initiative across the world. The average BYOD adoption rate across all global regions is 70%, highlighting worldwide acceptance of BYOD.
In the U.S., 69% of business decision-makers see BYOD as a good thing for their organization. And one of the fastest-growing regions is the Asia Pacific, where the enterprise mobility and the BYOD solutions market is predicted to grow at a CAGR of more than 21% by 2025. This is driven by technology innovations like smart cities and the IoT, which have become more commonplace. And this is likely to be replicated in other regions in the year to come.
So what does this mean? Accessing work data from a portable mobile device has never been more attainable and acceptance has never been higher.
3. Bring Your Own Network Initiatives
Bring Your Own Network (BYON) rapidly gathered pace in 2020. And in 2021, businesses implemented BYON initiatives to control expenses and eliminate the risks that are inherent with staff using their own providers. BYON allows remote employees to use their home networks to access their work, while allowing for broadband subsidies to be paid directly to their internet service provider, automatically.
Building on the widespread success of BYOD solutions, BYON simplifies supporting these workforce needs and provides a seamless administration of the costs.
Remote working is becoming a staple across the world. Bring your own network presents an exciting new solution for businesses looking to embrace change and maximize the potential of their remote workforce.
4. The Internet of Things, 5G, and BYOD Solutions
5G has regained its momentum. It’s predicted that globally, 500 million people will have 5G-capable smartphones in 2022. And while the immediate urgency of remote working due to the pandemic begins to disappear, remote working isn’t going anywhere. So how are they related?
The continued presence of remote work will drive the convergence of existing BYOD solutions and 5G trends into an IoT megatrend. 5G will power a diverse fleet of smart, connected IoT devices that employees can utilize to get their jobs done at home or in the office.
These devices already include enhanced wearables, digital assistants, and more. However, the speed, resilience, and availability of 5G is poised to create new categories of smart BYOD 'things' that are managed alongside existing tools and applications.
Organizations will need to rethink their existing BYOD solutions policies to cater for the explosion of IoT devices, in addition to managing the associated costs.
Prepare Your Business for Future BYOD Solutions Trends
You need BYOD solutions to effectively manage employee personal devices without hindering privacy, security, or cost-management concerns.
Most importantly, your BYOD policy needs to incentivize BYOD uptake in your business, so you can remain secure.
To learn more about how to turn these tips into a practical application, download our guide to writing your own enterprise BYOD policy.