|Global Mobile VPN Market Expected To Grow Over 21 Percent Annually Through 2022|
Global Mobile VPN Market 2017-2022: Increasing Adoption in Several Industries - Research and Markets
Research and Markets released a new report today that predicts the global mobile virtual private network (VPN) market will grow to almost 25 billion dollars by 2022, at a slightly over 21 percent CAGR
Research and Markets has announced the release of their "Global Mobile VPN Market Size, Share, Development, Growth and Demand Forecast to 2022" report.
The global mobile VPN market has surged in the recent years, owing to its increasing adoption in several industries.
The global mobile VPN market is expected to witness a CAGR of 21.1% during the forecast period, to reach $2,411.4 million by 2022
The growing demand for remote accessibility of data in business organizations is the key driver for the global mobile VPN market. Based on distribution channel, the partners/distributors segment is expected to be the largest segment of the global mobile VPN market during the forecast period. The telecommunications industry was the largest market for mobile VPN during 2012 - 2015, and it is estimated to be the largest market during the forecast period also.
The key trend observed in the mobile VPN market is the use of software in security solutions. The mobile security market is developing globally, owing to the increasing demand for smart devices and increased focus of business enterprises on mobility and mobile security solutions. Mobile VPN creates a reliable and consistent user experience when devices switch between networks and move out of coverage. Thus, vendors are aggressively investing in and working toward building cost-effective mobile security solutions. This helps end users to reduce their overall cost incurred due to mobile security solutions. Increase in investment by vendors in mobile security solutions is leading to increased demand for mobile security products and services.
The factors driving the growth of the mobile VPN market are growing need for remote accessibility in organizations and increasing number of cyber threats. Organizations these days require a simplified and centrally managed remote office, which could enable them to provide reliable and secure access of data at low costs to their employees. To save on operating costs and maintain a local presence, organizations employ remote workers to retain best talents for their work. The organizations need to keep themselves upgraded to ensure efficiency and enhanced productivity at the end of their employees. Mobile VPN is one of the suitable solutions for employees of different organizations, who need to access the organizational network from outside, using wireless devices.
Source: Research and Markets media announcement