The worldwide bring-your-own device (BYOD) market is expected to grow at a compound annual growth rate of 25% from 2014 to 2019. Amid that growth, companies are now exploring mobile virtualization to ease anywhere, anytime application access, according to a new report from technology research firm Technavio.

With such a wide variety of platforms available -- smartphones, tablets, notebooks, etc -- deploying a BYOD program that ensures quality functionality as well as security for mobile devices has become a necessity.

“The implementation of BYOD solutions can enable synchronization of every registered mobile device in an organization, thus enabling optimum exchange of data,” Faisal Ghaus, vice president of Technavio, said in a statement.

The Technavio report also draws attention toward the growing demand for mobile virtualization. This technology allows the deployment of multiple operating systems on a single mobile device. All computing resources, including mobile devices, have the virtualization layer to make possible the use of applications independent of hardware configuration.

“Virtualization enables simultaneous execution of personal as well as enterprise applications on a mobile device, which is expected to boost market growth during the forecast period,” Ghaus said.