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Global Banking BYOD Security Market to reach USD XX billion by the end of 2029

Global Banking BYOD Security Market Size study & Forecast, by Deployment (Cloud-Based and On-Premises), Services (Managed Services and Professional Services), Software (Mobile Device Management, Mobile Data Management, Mobile Application Management, Mobile Email Management), and Security (Device Security, Email Security, Applications Security, Mobile Content Security, Network Security) and Regional Analysis, 2022-2029

Product Code: BFBFSI-53819333
Publish Date: 19-12-2022
Page: 200

Global Banking BYOD Security Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. BYOD or bring your own device refers to usage of personal devices by employees to connect to their organizational networks and to access work-related systems. These devices can include laptops, personal computers, smartphones, and tablets among others. Banking organizations utilizes BYOD security solutions to ensure the safety & privacy of sensitive business information. The increasing usage of personally owned devices and growing adoption of cloud security solutions as well as strategic initiatives from leading market players are key factors accelerating the market growth.

According to Statista – in 2020, the global market for cloud security software was estimated at USD 29.5 billion, and the market is projected to grow to USD 37 billion by 2026. Moreover, as per Statista – as of 2022, revenue in the global Cloud Security subsegment is estimated at USD 1.46 billion and the worldwide revenue is projected to grow at CAGR of 46.84%, between 2022 & 2027 to reach to USD 9.97 billion by 2027. Also, growing emergence of artificial intelligence and Machine Learning technologies in financial services industry and increasing usage of mobile devices amongst employees would create lucrative growth prospectus for the market over the forecast period. However, high cost associated with BYOD Security solutions coupled with security concerns associated with use of personalized devices impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Banking BYOD Security Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share due to factors such as presence of leading market players and rising expansion of banking & Finance sector in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising trend of work from home culture in post covid era as well as growing digitization in BFSI sector in the region.

Major market player included in this report are:
Microsoft Corporation
Cisco Systems Inc.
Blackberry Limited
Infosys Limited
IBM Corporation
Tata Consultancy Services Limited
SAP SE
Tech Mahindra Limited
AT&T
Capgemini

Recent Developments in the Market:
 In October 2020, Crestron Electronics, Inc. rolled out its “Crestron One” app with mobile room control. This new app enables a wide range of features including employee navigation, room automation, and content sharing over mobile device.

 In December 2020, Google LLC announced launch of “Android enterprise essentials,” a mobile management and security solution intended for small and medium-sized businesses.

Global Banking BYOD Security Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Deployment, Services, Software, Security, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment
Cloud-Based
On-Premises
By Services
Managed Services
Professional Services
By Software
Mobile Device Management
Mobile Data Management
Mobile Application Management
Mobile Email Management
Others
By Security
Device Security
Email Security
Applications Security
Mobile Content Security
Network Security
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Banking BYOD Security Market, by Region, 2019-2029 (USD Billion)
1.2.2. Banking BYOD Security Market, by Deployment, 2019-2029 (USD Billion)
1.2.3. Banking BYOD Security Market, by Services, 2019-2029 (USD Billion)
1.2.4. Banking BYOD Security Market, by Software, 2019-2029 (USD Billion)
1.2.5. Banking BYOD Security Market, by Security, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Banking BYOD Security Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Banking BYOD Security Market Dynamics
3.1. Banking BYOD Security Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing usage of personally owned devices.
3.1.1.2. Growing adoption of cloud security solutions.
3.1.1.3. Strategic initiatives from leading market players.
3.1.2. Market Challenges
3.1.2.1. High cost associated with BYOD Security
3.1.2.2. Security concerns associated with use of personalised devices.
3.1.3. Market Opportunities
3.1.3.1. Growing emergence of AI and ML technologies in financial services industry.
3.1.3.2. Increasing usage of mobile devices amongst employees.
Chapter 4. Global Banking BYOD Security Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Banking BYOD Security Market, by Deployment
6.1. Market Snapshot
6.2. Global Banking BYOD Security Market by Deployment, Performance – Potential Analysis
6.3. Global Banking BYOD Security Market Estimates & Forecasts by Deployment 2019-2029 (USD Billion)
6.4. Banking BYOD Security Market, Sub Segment Analysis
6.4.1. Cloud Based
6.4.2. On premises
Chapter 7. Global Banking BYOD Security Market, by Services
7.1. Market Snapshot
7.2. Global Banking BYOD Security Market by Services, Performance – Potential Analysis
7.3. Global Banking BYOD Security Market Estimates & Forecasts by Services 2019-2029 (USD Billion)
7.4. Banking BYOD Security Market, Sub Segment Analysis
7.4.1. Managed Services
7.4.2. Professional Services
Chapter 8. Global Banking BYOD Security Market, by Software
8.1. Market Snapshot
8.2. Global Banking BYOD Security Market by Software, Performance – Potential Analysis
8.3. Global Banking BYOD Security Market Estimates & Forecasts by Software 2019-2029 (USD Billion)
8.4. Banking BYOD Security Market, Sub Segment Analysis
8.4.1. Mobile Device Management
8.4.2. Mobile Data Management
8.4.3. Mobile Application Management
8.4.4. Mobile Email Management
8.4.5. Others
Chapter 9. Global Banking BYOD Security Market, by Security
9.1. Market Snapshot
9.2. Global Banking BYOD Security Market by Security, Performance – Potential Analysis
9.3. Global Banking BYOD Security Market Estimates & Forecasts by Security 2019-2029 (USD Billion)
9.4. Banking BYOD Security Market, Sub Segment Analysis
9.4.1. Device Security
9.4.2. Email Security
9.4.3. Applications Security
9.4.4. Mobile Content Security
9.4.5. Network Security
9.4.6. Others
Chapter 10. Global Banking BYOD Security Market, Regional Analysis
10.1. Banking BYOD Security Market, Regional Market Snapshot
10.2. North America Banking BYOD Security Market
10.2.1. U.S. Banking BYOD Security Market
10.2.1.1. Deployment breakdown estimates & forecasts, 2019-2029
10.2.1.2. Services breakdown estimates & forecasts, 2019-2029
10.2.1.3. Software breakdown estimates & forecasts, 2019-2029
10.2.1.4. Security breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Banking BYOD Security Market
10.3. Europe Banking BYOD Security Market Snapshot
10.3.1. U.K. Banking BYOD Security Market
10.3.2. Germany Banking BYOD Security Market
10.3.3. France Banking BYOD Security Market
10.3.4. Spain Banking BYOD Security Market
10.3.5. Italy Banking BYOD Security Market
10.3.6. Rest of Europe Banking BYOD Security Market
10.4. Asia-Pacific Banking BYOD Security Market Snapshot
10.4.1. China Banking BYOD Security Market
10.4.2. India Banking BYOD Security Market
10.4.3. Japan Banking BYOD Security Market
10.4.4. Australia Banking BYOD Security Market
10.4.5. South Korea Banking BYOD Security Market
10.4.6. Rest of Asia Pacific Banking BYOD Security Market
10.5. Latin America Banking BYOD Security Market Snapshot
10.5.1. Brazil Banking BYOD Security Market
10.5.2. Mexico Banking BYOD Security Market
10.6. Rest of The World Banking BYOD Security Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Microsoft Corporation
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Cisco Systems Inc.
11.2.3. Blackberry Limited
11.2.4. Infosys Limited
11.2.5. IBM Corporation
11.2.6. Tata Consultancy Services Limited
11.2.7. SAP SE
11.2.8. Tech Mahindra Limited
11.2.9. AT&T
11.2.10. Capgemini
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
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In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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