Growing Number of FinTech and InsurTech Companies to Boost Europe BYOD & Enterprise Mobility Market

Rising demand for technologically advanced solutions across various sectors and increasing digitization to drive Europe BYOD & enterprise mobility market through 2023

According to TechSci Research report, “Europe BYOD & Enterprise Mobility Market By Component, By Deployment Mode, By End User Sector, By Country, Competition Forecast & Opportunities, 2013–2023”, the European BYOD & enterprise mobility market is projected to witness a CAGR of  more than 17% during the forecast period on account of growing smartphone and internet penetration across the region. Moreover, surging demand for technologically advanced solutions across various sectors coupled with increasing e-commerce and m-commerce activities are further fuelling growth in the region’s BYOD & enterprise mobility market. Additionally, rising need for technological advancements in FinTech and InsurTech companies, increasing digitization and rising focus on smart city development is further likely to propel growth in Europe BYOD & enterprise mobility market in the coming years.

Among end user sectors, retail sector accounted for the largest revenue share in Europe BYOD & enterprise mobility market in 2017, and is likely to maintain its position during forecast period as well. On the basis of components, Europe BYOD & enterprise mobility market is broadly categorized into Software, Security Solutions, and Services. Security Solutions segment is anticipated to grow at the fastest CAGR during the forecast period, owing to the growing security concerns due to rising numbers of malware attacks and identity or access forgery incidences. IBM Corporation, Cognizant Technology Solutions Corporation, Accenture LLP, Tata Consultancy Services, Infosys Limited, Capgemini SE, etc. are some of the major companies operating in Europe BYOD & enterprise mobility market.

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Among countries, a large demand for BYOD & enterprise mobility solutions and services in Europe emanates from the United Kingdom on the back of growing demand for mobile devices and increasing digitization across the country. “With rising need for mobility across various sectors, demand for BYOD & enterprise mobility solutions and services is also increasing in Europe. Moreover, growing adoption of ‘smart finance’ across BFSI sector is further fuelling growth in Europe BYOD & enterprise mobility market. Additionally, emergence of unified digital workplace is expected to further steer growth in the market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe BYOD & Enterprise Mobility Market By Component, By Deployment Mode, By End User Sector, By Country, Competition Forecast & Opportunities, 2013–2023” has evaluated the future growth potential of Europe BYOD & enterprise mobility market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market inclinations along with indispensable drivers, challenges and opportunities in Europe BYOD & enterprise mobility market.

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