Organizations' Increasing demand for wireless protected accessibility for critical application area 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 is down 5.4 million, and it is predicted to register a CAGR of 19.7% over the forecast period (2018-2023). Mobile VPN creates a private network around the public network and helps users send and receive data securely and secretly from smartphones and PCs to and from the network.
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Field workers, physicians, and 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. The category is also predicted to dominate the market during the forecast period, as they offer better on-premises services compared to other suppliers.
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 dominant 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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This is mainly attributed to the strong encryption algorithms of VPNs with long-key strengths that help in securing confidential data at the time of transmission, which is critical for private and public enterprises. Nowadays, organizations prefer using centrally managed remote offices that help them provide secure access to confidential data to their workforce at a low cost. Further, to reduce operational costs and maintain local presence, companies are providing remote access to business-critical applications so their employees can work from anywhere. Hence, a mobile VPN is a vital solution for such businesses where employees have access to a company's network via wireless devices.
