BYOD is making significant inroads in the business world, with about 75% of employees in high growth markets such as Brazil and Russia and 44% in developed markets already using their own technology at work.
“Notably, while more than half of US consumers use their personal phones for work in some capacities, just 34% of these employees work for companies that have BYOD policies in place. At the same time, 74% of US employees would ideally choose to have two separate phones for work and personal use or one phone with two separate numbers. This highlights the gap between how employers are approaching BYOD work environments and what employees need in them.”
Although the ability to allow staff to work at any time from anywhere and on any device provides real business benefits; it also brings significant risks. To ensure information does not end up in the wrong hands, it’s imperative for companies to put security measures in place.
Information Technology Security departments that wish to monitor usage of personal devices must ensure that they only monitor work-related activities or activities that access company data or information. International research reveals that only 20% of employees have signed a BYOD policy.
Organizations allowing BYOD policies and without proper mobile device management capabilities are at great risk from covert interception and corruption. More than simple security applications, the demand for specialized services is driving the market for mobile security; network security, managed and professional services are set to become the biggest category for business-to-business mobile security.
Bundled network security which includes unified threat management, deep packet inspections, virtual private networks, and remote device management will become increasingly important. The driving markets in mobile security are concentrating on services for mobile device, identity and authentication management, as well as for audits, certification, and consulting.
It is more difficult for the firm to manage and control consumer technologies and make sure they serve the needs of the business. Firms need an efficient inventory management system that keeps track of which devices employees are using, where the device is located, whether it is being used, and what software it is equipped with.
Future of BYOD
Surveys have indicated that businesses are unable to stop employees from bringing personal devices into the workplace. Research is divided on benefits. One survey shows around 95% of employees stating they use at least one personal device for work.
Many feel that BYOD can even be a means to attract new hires, pointing to a survey that indicates 44% of job seekers view an organization more positively if it supports their device.
According to MarketsandMarkets, global market research and consulting company based in the U.S., the Bring Your Own Device (BYOD) & Enterprise Mobility Market worth $266.17 Billion by 2019. In terms of regions, North America is expected to be the largest market in terms of market size, while Europe and Asia-Pacific (APAC) are expected to experience an increase in market traction, during the forecast period.