Research and Markets (http://www.researchandmarkets.com/research/mztjn4/global_byod) has announced the addition of the "Global BYOD Security Market 2014-2018" report to their offering.

The analysts forecast the Global BYOD Security market to grow at a CAGR of 31.95 percent over the period 2013-2018. One of the key factors contributing to this market growth is the need for enhanced mobile communication security. The Global BYOD Security market has also been witnessing the increasing need for enterprise mobility. However, the difficulty in tracking deployed assets could pose a challenge to the growth of this market.

The key vendors dominating this market space are AirWatch LLC, Citrix Systems Inc., Good Technology Inc., Fiberlink Communication Corp., and Mobilelron Inc.

Other vendors mentioned in the report are IBM Corp., McAfee Inc., SAP AG, and Symantec Corp.

Commenting on the report, an analyst from the team said: The growing globalization of organizations has led to an increased need for enterprise mobility. Enterprise mobility helps organizations exchange data and information without any time and location constraints. Hence, organizations have been increasingly adopting BYOD policies to implement enterprise mobility. With the implementation of a BYOD policy, employees can use their personal devices to handle their organization's data. This increases the need for BYOD security solutions as such solutions provide data security and enable better handling of data.

According to the report, one of the major drivers in this market is the need for enhanced mobile communication security. MDM enterprise software allows organizations to effectively optimize their security and functionality, thereby reducing the risk of data loss. Therefore, the effective implementation of BYOD security solutions helps protect and control data and configuration across mobile devices in an organizational network.

Further, the report states that one of the major challenges in this market is the difficulty in tracking deployed assets. After the deployment of mobile devices in organizations, tracking them is difficult even with the implementation of BYOD security solutions. Therefore, protecting all the deployed assets becomes difficult. This reduces the efficacy a BYOD security setup, discouraging enterprises from adopting BYOD security solutions.

For more information visit http://www.researchandmarkets.com/research/mztjn4/global_byod

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Sector: IT Security