February 01, 2021 — 4 min read
What is BYOD? (Bring your own Device)? - Acronis
BYOD is an acronym for “Bring Your Own Device.” It is a growing industry trend where an employee uses their own personal devices – computers, smartphones, tablets, etc. – to connect to the company network and perform company work instead of using a company-issued device. Intel was the first company to introduce the BYOD concept in 2009. Other companies, including Unisys, IBM, and Citrix Systems soon followed suit.
In 2019, the BYOD market was valued at $186.09 billion and is expected to reach $30.45 billion by 2025, with a Compounded Average Growth Rate (CAGR) of 15% over the forecast period from 2020 through 2025.