Enterprise smartphone market to grow to 606 million in 2020
Global business smartphone sales will grow from 392 million units in 2015 to 606 million in 2020. This will mark the first time that corporate liable device growth will outpace personal liable device growth worldwide, with a CAGR over the next five years at 9.2%, according to new research.
Still, many companies continue to struggle with developing comprehensive BYOD policies and strategies, offsetting the trends in BYOD over the last several years, according to the Strategy Analytics Mobile Workforce Strategies (MWS) latest report.
Said Gina Luk, senior analyst of mobile workforce strategies and author of the report: “However, BYOD volume will continue to account for the majority of the global business smartphone devices into the future, although corporate liable volume will grow over the next couple of years at nearly a double digit growth rate. China and the US will be the largest business smartphone country markets in 2016, accounting for half (50%) of worldwide business smartphone sales.”
Added Andrew Brown, executive director of enterprise research at Strategy Analytics: “By 2020, nearly half of the smartphones sold annually in North America will be personally owned and used for business purposes at some level. Asia Pacific’s BYOD sales will be over a quarter of its total annual volume, but will be nearly three times the unit volume in North America. Cost savings and allowing users their own device choice are the top reasons employees are allowed to purchase and use their own mobile devices according to Strategy Analytics’ most recent enterprise survey.”