Transforming business processes
According to BlackBerry (BB), EoT (Enterprise-of-Things) is the fifth wave of enterprise productivity. IoT (Internet-of-Things) and EoT have created hyperconnectivity and transformed business processes as well as created new business models. EoT enables the digital transformation of businesses using secure hyperconnected devices.
As you can see in the chart above, BlackBerry has estimated the number of connected devices to increase from 6.4 billion in 2017 to 46 billion by the end of 2021, representing a CAGR (compound annual growth rate) of 56%. As the number of connected devices increases exponentially over the next several years, it could provide an opportunity for BlackBerry in the device security space.
Security requirement for EoT
Cyberattacks on mobile and traditional devices have grown at an alarming rate over the last few years. Employees and endpoints are vulnerable to them, and BlackBerry is thus focused on device security. BlackBerry’s CEO John Chen aims to leverage the company’s expertise in security.
BlackBerry has acquired several companies, including AtHoc, Secusmart, and WatchDox, to expand its security products portfolio. BlackBerry has a good market opportunity as companies look to secure endpoints, employee data, public and private files, and access across collaboration devices.