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.
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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.
Based on end user, the mobile VPN market is classified into healthcare, utilities, telecommunications, oil and gas, government, financial, mining, and military. In 2017, among these, the telecommunications classification held more than 25.0% revenue share in the market and is predicted to maintain its lead during the forecast period. This can be ascribed to the surging smartphone penetration that is escalating the demand for secure transmission of data to and from mobile devices. However, the demand for mobile VPN is predicted to witness the highest CAGR in the healthcare sector.
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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, 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.
Get a Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/mobile-virtual-private-network-products-market/report-sample
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.
Based on end user, the mobile VPN market is classified into healthcare, utilities, telecommunications, oil and gas, government, financial, mining, and military. In 2017, among these, the telecommunications classification held more than 25.0% revenue share in the market and is predicted to maintain its lead during the forecast period. This can be ascribed to the surging smartphone penetration that is escalating the demand for secure transmission of data to and from mobile devices. However, the demand for mobile VPN is predicted to witness the highest CAGR in the healthcare sector.
Make Inquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=mobile-virtual-private-network-products-market
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, 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.
