Mobile Virtual Private Network (VPN) Market to Display Healthy Growth

Organizations’ increasing demand for protected wireless accessibility for critical application areas, surging prevalence of cyber threats, and growing need for remote data accessibility in businesses are strengthening the prospects for the mobile virtual private network market. In the year 2017, the market attained a size of $525.4 million, and it is predicted to register a CAGR of 19.7% during the forecast period (2018–2023).
Field workers, physicians, and the medical staff are rapidly adopting these solutions to access sensitive medical records and healthcare applications via wireless networks. On the basis of distribution channel, the mobile VPN market is categorized into direct sales, value-added resellers, partners and distributors, and online. Out of these, in 2017, the partners and distributors category contributed over 40.0% revenue to the market. 
Geographically, in 2017, North America contributed the largest revenue to the mobile VPN market, and it is also anticipated to continue leading it during the forecast period. Within the continent, in 2017, the telecommunications sector registered the dominating revenue share in the North American market, due to the significant adoption of mobile devices here. However, the Asia-Pacific region is predicted to witness the highest CAGR, of more than 30.0%, in the market during the forecast period.


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It has been witnessed that the banking, financial services, and insurance sector spend a large portion of its revenue in mobile security services and products. Moreover, banks are aiming on protecting customers’ account details along with safeguarding the payment gateways. This has become especially important since the penetration of mobile devices in the bank-customer interaction environment. Thus, the surging need for the protection of data among companies is anticipated to offer huge growth opportunities to the mobile VPN market.

Hence, the increasing adoption of mobile VPN in various industries is expected to boost the growth potential for the market.

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