BYOT related spending is predicted to grow from £176m in 2012 up to £675m by 2016, which will amount to £2bn over five years.
Around 9.5 million employees are predicted to adopt BYOT by 2016 which will force many companies to re-examine their IT and HR policies for technology, giving employees more flexibility to bring their own devices.
The greatest increase in BYOT adoption is predicted to be from larger businesses (500 employees+).
According to analyst firm, TechMarketview, while the BYOT trend will lead to a £2bn opportunity for the UK IT market, it could be a big disruptor to supplier partnerships and business models. The BYOT trend is expected to put downward pressure on the support and hardware markets.
"The BYOT trend is a double-edged sword – whilst rapid and sustained adoption will lead to a £2bn opportunity for the UK IT market, it will be a huge disruptor to supplier partnerships and business models," said Phil Codling, research director and author of the report at TechMarketView. "BYOT will create compelling opportunities for consulting, integration and software implementation, as companies try to navigate security and management issues, whilst significant downward pressure will be applied to support and hardware suppliers where personal devices replace centrally-owned kit."
Suppliers are predicted to notice the BYOT threat from 2014 onwards when they will start to see significant chunks of revenue taken out of the support services market.
As Businesses increasingly embrace the BYOT ideology, the need for support is expected to move towards the employee and away from support services suppliers as well as IT departments.
"Regardless of the potential opportunity on offer for SITS suppliers to provide advice and auditing as businesses transition to BYOT, the threat to desktop and mobile hardware suppliers is undeniable and suppliers need to find new business models and revenue drivers to counter this," said Codling.
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