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Foresight: The BYOD Market is On Target to Reach Nearly $367 billion by 2022

  • STEEP Category :
    Technology
  • Event Date :
    17 ตุลาคม 2560
  • Created :
    08 กุมภาพันธ์ 2561
  • Status :
    Current
  • Submitted by :
    Ian Korman
Description :

The Bring Your Own Device (BYOD) movement is gaining strength in America.

The following BYOD statistics can help us fully understand the impact of BYOD in the workplace and serve to demonstrate the widespread adoption of this technology.

  • The BYOD market is on target to reach nearly $367 billion by 2022, up from just $30 billion in 2014
  • 59% of organizations allow employees to use their own devices for work purposes. Another 13% had planned to allow use within a year
  • 87% of companies rely on their employees using personal devices to access business apps
  • As of 2016, six out of 10 companies had a BYOD-friendly policy in place

Statistics show that a BYOD workplace is the new standard, so it's important to examine what advantages such policies have to offer. Studies are finding that productivity, employee morale and accountability improve in tandem with reduced hardware and networking costs. But some other plausible reasons also come into consideration that make a valid argument in favor of BYOD in the workplace.

Cisco reported 69% of IT decision-makers favor BYOD as a positive addition to any workplace policy because it saves workers time. A CITO Research report concurs, finding that more than half (53%) of all workers polled feel they're more productive when they have their own devices. This makes sense because workers are familiar with their own devices and interfaces, decreasing the learning curve and improving usability. A Frost & Sullivan study sponsored by Samsung quantified the time savings, unveiling that using personal devices for work activities saves employees 58 minutes each day, providing a 34% increase in productivity.

BYOD is a smart move for cost savings, as well. According to the Cisco report, companies with a BYOD policy in place save on average $350 per year, per employee. Reactive programs can boost that savings to as much as $1,300 per year, per employee, the study finds. For Small to Medium Businesses (SMBs), this cost savings can add up fast, and can enable these businesses to better protect their bottom line while improving employee productivity and morale.