The global mobile VPN market will reach USD 2.3 billion by 2024, growing with a CAGR of 17.9% during the forecast period. Mobile VPN elucidation facilitates operators to provide their corporate subscribers complete structures of a regular virtual private network (VPN) system without the establishment of any physical hardware location for operating their services.
Mobile VPN is extensively facilitating employees to work in an effective and efficient manner that helps them in utilizing various features in their work activities such as caller ID change and shortcode dialing to enhance their overall productivity. Moreover, the cost benefits provided by mobile VPN to the various business organization along with improved scalability is another factor that is pertaining towards the growth of the mobile VPN market across the globe.
The factors driving the growth of the mobile virtual private network market are an extensive requirement among various business organizations pertaining to remote accessibility and excessive number of cases related to cyber threats. In order to save operational costs and enhance the productivity of its business activity business enterprises are extensively adopting mobile VPN technique, that helps them in centrally managing and simplifying remote workplaces that ensures the employees to retrieve data in a secure and reliable manner.
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Moreover, mobile VPN technique enables employees of various business organizations to access organizational information and network away from office premises in a secure manner. However, high cost pertaining to the installation of mobile VPN along with incompetency among people to use this technique and less awareness regarding mobile security solutions in developing economies is expected to hamper the growth of global mobile VPN market.
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.
Based upon end-users, the mobile virtual private network (VPN) market is segmented into military, telecommunications, healthcare, mining, financial, government, utilities, oil and gas, and others. Among these segments, the 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.
North America has been contributing the largest revenue in mobile VPN market throughout the estimated period since this region is witnessing the rampant adoption of mobile devices. Furthermore, the business organizations in this region are implementing mobile VPN system in their operations as it is a cost-effective alternative and provide a high level of security to the employees while communicating outside the office premises. Moreover, improved scalability and eradication of redundant offerings is another factor that is bolstering the growth of the mobile VPN market in North America.
Some of the key players operating in the mobile VPN market worldwide includes 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.
Global Mobile VPN Market Coverage
Distribution Channel Insight and Forecast 2014-2024
End-User Insight and Forecast 2014-2024
Mobile VPN Market by Region
Rest of the World