| Status : Published | Published On : Jan, 2023 | Report Code : VRICT5032 | Industry : ICT & Media | Available Format :
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Page : 123 |
Global Mobile Virtual Private Network (VPN) Market – Analysis and Forecast (2023 – 2030)
Industry Insights by Distribution Channel (VARs, Direct Sales, Online, and Partners or Distributors), by End-User (Military, Telecommunications, Healthcare, Mining, Financial, Government, Utilities, Oil and Gas and Others)
Industry Overview
The global mobile VPN market will reach USD 3.3 billion by 2030, growing with a CAGR of 18.9% during the forecast period. The growth of this market is attributed towards increasing emphasis of business organizations towards increasing demand for remote accessibility, accentuating cyber threats and increasing demand for protected wireless accessibility to critical uses. An effective mobile VPN system provides assurance to its users pertaining to privacy and security of their data.
Market Segmentation
Insight by Distribution Channel
On the basis of distribution channel, mobile VPN market is segmented into VARs, direct sales, online and partners or distributors. Among these channels, partners or distributors account for the largest share in the market as it provides improved on-premise services to the users which are considered to be the most crucial source for these offerings across the globe.
Insight by End-User
Based upon end-users, the mobile VPN market is segmented into military, telecommunications, healthcare, mining, financial, government, utilities, oil and gas and others. Among these segments, telecommunications domain is the largest contributor to the global market and is also expected to witness significant growth during the forecast period. The increasing utilization of wireless and mobile devices across the globe has further accentuated the demand for VPN among utilities, banking and healthcare domain.
Mobile Virtual Private Network (VPN) Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018–2022 |
|
Base Year Considered |
2022 |
|
Forecast Period |
By 2030 |
|
Market Size in 2022 |
$X.XX Billion |
|
Revenue Forecast in 2030 |
$3.3 Billion |
|
Growth Rate |
CAGR 18.9% |
|
Segments Covered in the Report |
By Distribution Channel, By End-User. |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Growth Drivers
The major factor that is driving the growth of the mobile VPN market include the increasing requirement for remote accessibility that is upscaling the demand for continuous and secure access for vulnerable data to various business enterprises across the globe. The increasing trend of employees working from any location or on the field has enhanced the demand for internet to function through wireless technique that further enables the user to download any application on the mobile device. The utilization of wireless devices has enabled business organizations to enhance their productivity and escalate efficiency of their business operations.
Rising demand for online privacy: With the increasing amount of sensitive data being shared and transmitted over mobile networks, users are becoming more aware of the need to protect their privacy. Mobile VPNs offer secure and encrypted connections that prevent unauthorized access to personal information.
Growing remote workforce: The proliferation of remote work has led to a surge in the use of mobile devices for business purposes. Mobile VPNs enable employees to securely access corporate networks and resources while working remotely, ensuring the confidentiality of sensitive data.
Government surveillance and censorship: In regions where internet censorship and surveillance are prevalent, mobile VPNs allow users to bypass restrictions and access blocked content. This has fueled the demand for VPN services among users seeking unrestricted access to the internet.
Increased awareness of cybersecurity threats: Mobile users are increasingly concerned about cyber threats such as hacking, identity theft, and data breaches. VPNs offer an added layer of protection by encrypting data and masking IP addresses, making it harder for attackers to intercept sensitive information.
The use of mobile devices is not confined to window devices, the employees are also using blackberry, android, iPhone and Mac that helps in connecting business network that has bolstered the need for mobile VPN products and services across the globe. Furthermore, increasing cyber threats across the globe is another factor that is leading to the growth of mobile VPN market globally.
Challenges
High cost of mobile virtual private network along with less awareness regarding mobile security solutions in emerging economies is the major factor that is hampering the growth of the mobile VPN market.
Industry Ecosystem
Globally, mobile VPN industry players are leveraging market growth through aggressive investment and development of cost-efficient security systems in mobile. Moreover, technological upgradation and mergers and acquisitions among key players are accentuating the growth of mobile VPN market across the globe.
Geographic Overview
Geographically, in North America has been contributing largest revenue in the mobile VPN market throughout the estimated period and also expected to remain the largest market during the forecast period due to excessive adoption of mobile devices in this region. The business organizations in this region are utilizing mobility that helps in improving productivity and enhancing overall experience of customers. Moreover, mobility helps in decreasing service costs by minimizing errors, streamlining business operations and eradicating redundant item.
Global Mobile Virtual Private Network (VPN) Market, By Region
Moreover, the mobile VPN market in Asia-Pacific is expected to witness the highest CAGR of during the forecast period. The extensive demand for these products and services in the region is due to various benefits provided by these systems to the users such as strong encryption systems that help in developing confidentiality of data at the time of transmission of data that is considered to be vital for both public and private business enterprises.
Competitive Insight
Some of the key players operating in the mobile VPN market worldwide include Smith Micro Software Inc., IBM Corporation, Columbitech, Radio IP Software Inc., Cisco Systems Inc., Anthasoft S.A. De C.V., Techstep Technology, Netmotion Software, Inc., and Check Point Software Technologies Limited.
The Mobile Virtual Private Network (VPN) Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2023–2030.
Segments Covered in the Report
- By Distribution Channel
- VARs
- Direct Sales
- Online
- Partners or Distributors
- By End User
- Military
- Telecommunications
- Healthcare
- Mining
- Financial
- Government
- Utilities
- Oil and Gas
- Others
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Mobile Virtual Private Network (VPN) Market