Summary

The automotive bring-your-own-device (BYOD) market was valued at USD 56.4 Billion and expected to grow with a CAGR of 15% during the forecast period (2022-20) and is driven by several factors. The increasing adoption of smartphones and the growing demand for in-car connectivity are major drivers of the market. Smartphones have become an essential part of people's lives, and consumers expect to be able to use their personal devices while driving. The integration of personal devices with vehicles provides a more personalized and seamless driving experience, which is another factor driving the growth of the BYOD market.

In addition, the development of new technologies such as 5G connectivity and advanced driver assistance systems (ADAS) is also driving the growth of the BYOD market. These technologies enable the integration of personal devices with vehicles, which can enhance the driving experience and provide drivers with more control over their vehicles. Furthermore, regulatory mandates in some regions require automakers to provide in-car connectivity options, and BYOD technologies can help automakers to comply with these mandates while also providing consumers with the personalized driving experiences they desire.

Another factor driving the BYOD market is cost savings. Using personal smartphones as the primary interface for controlling vehicles can eliminate the need for expensive in-car infotainment systems. This can result in cost savings for both automakers and consumers. Overall, the increasing adoption of smartphones, growing demand for personalized driving experiences, development of new technologies, cost savings, and regulatory mandates are some of the major drivers for the growth of the automotive BYOD market.

Some of the major players operating in the market include include VMware Inc.,Citrix Systems Inc., IBM Corporation, MobileIron Inc., SAP SE, BlueBOX IT, Cisco Systems Inc. Hewlett, Packard Company, Oracle Corporation, and BlackBerry Limited. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst deployment, the cloud segment held significant growth in 2021 “
Based on deployment, the market is segmented into on-premises and cloud. Amongst these, the cloud segment of the automotive bring-your-own-device (BYOD) market has a significant growth rate due to several reasons. One of the primary reasons is the increasing adoption of cloud-based services in the automotive industry. Cloud-based services offer various benefits, such as cost savings, scalability, and increased reliability, which are driving the adoption of these services in the automotive industry. In the context of BYOD, cloud-based services enable automakers to provide drivers with remote access to their vehicles' data and services. For example, drivers can remotely access their vehicles' diagnostic data, fuel consumption, and other information through cloud-based services. This allows drivers to monitor their vehicles' performance and diagnose any issues remotely, which can improve the overall driving experience.

“Amongst end-users, the commercial vehicle segment of the automotive bring-your-own-device (BYOD) market has a significant growth rate”
On the basis of end-users, the market is segmented into passenger vehicle, commercial vehicle, and others. Among these, the commercial vehicle segment of the automotive bring-your-own-device (BYOD) market has a significant growth rate due to several reasons. One of the primary reasons is the increasing demand for connected commercial vehicles. Connected commercial vehicles can provide various benefits, such as improved fleet management, increased efficiency, and enhanced driver safety. In the context of BYOD, connected commercial vehicles enable drivers to use their personal devices, such as smartphones or tablets, to access and control various features of their vehicles. For example, drivers can use their personal devices to access navigation systems, control temperature and lighting settings, and monitor vehicle performance. This can improve the driving experience and provide drivers with more control over their vehicles.

“Asia-Pacific is expected to grow at the highest CAGR during the forecasted period”
The Asia-Pacific region of the automotive bring-your-own-device (BYOD) market is expected to grow at the highest CAGR during the forecasted period due to several reasons. Firstly, the increasing adoption of smartphones and other personal devices in the region is driving the growth of the BYOD market. In recent years, smartphone penetration has increased significantly in the Asia-Pacific region, particularly in countries such as China and India. This has led to a growing demand for personal devices that can be used in vehicles and has created opportunities for the BYOD market to grow. Secondly, the increasing demand for connected vehicles in the region is also driving the growth of the BYOD market. In the Asia-Pacific region, the number of connected vehicles is projected to grow at a significant rate in the coming years, due to factors such as increasing urbanization, growing income levels, and government initiatives to promote smart transportation. This is expected to create opportunities for the BYOD market to grow, as it enables drivers to use their personal devices in connected vehicles.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global automotive bring your own device (BYOD) market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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