The Latin America’s bring your own device market is estimated to grow at a CAGR of 26.7% from 2014 to 2019

The Latin America Bring Your Own Device (BYOD) market is primarily driven by increasing IT expenditure in this region

Bring your own device (BYOD) is a set of solutions, which allows employees, business partners, and other users to bring their personal devices, such as smart phones, tablets, and laptops at work, for the purpose of executing enterprise applications and access data. In recent years, a commendable growth is observed in the application of mobile devices, such as smart phones and tablets.

This has further resulted in creating a huge demand for bring your own device (BYOD) market.Security and data loss concerns are major reasons that act as market inhibitors of the BYOD market. Some organizations still hesitate to take the risk of losing its sensitive information and confidential data, which can be accessed easily by any mobile device.

This belief has restricted the widespread adoption of BYOD on a global scale. But, organizations also realise that because of the real time access to corporate information their overall productivity increases, thus triggering the market demand of BYOD.

Prominent players in this market include Alcatel-Lucent, Avaya, Inc., Air Watch, Aruba Networks, Cisco Systems, Inc., IBM Corporation, and IPASS, Inc.

Increasing IT expenditure, especially pertaining to major spending on devices such as smart phones, laptops, and other mobile gadgets that provide easy access to the internet is considered to be one of the major driving factors of the Latin America BYOD market. Even though rise in the BYOD trend enhances the mobility and efficiency of an organization, it also raises a lot of security issues.

With the advent of BYOD, critical business-related information can be accessed through mobile devices. Thus, in order to safeguard critical business information and address all security issues, organisations operating in the Latin American region are ready to expand its IT infrastructure and invest resources in developing more advanced technology of BYOD devices.

Latin America contributes to around 5.2% of the global bring your own device (BYOD) market in 2014.

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