Press release
Mobile VPN Market Analysis by Top Regional Industry Players- NetMotion Software, Cisco, IBM and Check Point Software Technologies, Ltd.
Browse report overview with detailed TOC on "Mobile Virtual Private Network (VPN) Market by End User (Telecommunications, Government, Healthcare, Financial, Military, Utilities, Mining, Oil & Gas), by Distribution Channel (Partners & Distributors, VARs, Direct Sales, Online), by Geography (U.S., Canada, Germany, France, U.K., China, Japan, India, Brazil) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at:https://www.psmarketresearch.com/market-analysis/mobile-virtual-private-network-products-market
On basis of end user, the mobile VPN market is categorized into telecommunications, government, healthcare, utilities, financial, oil and gas, mining, military, and others, where “others” include retail, transportation, media, hospitality, and manufacturing. Of these, telecommunications held the largest revenue share in the market in 2017, with a contribution of more than 25%. It is also projected to continue generating the highest revenue in the market through 2023. The growing use of mobile and wireless devices has also generated the demand for mobile VPN in sectors such as healthcare, utilities, and banking.
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During the forecast period, the mobile VPN market is projected to witness the fastest growth in APAC, at a CAGR of 31.1%. With the growth of the mobile devices market in countries like China and India, and increasing implementation of stringent regulatory norms, the demand for mobile VPN is gaining traction in the APAC region.
The key factor driving the growth of the mobile VPN market is the increasing number of cyber threats. With increase in the number of companies using mobile devices and cloud services for work purposes, data security threats are on the rise. Thus, due to the rising incidence of cyberattacks, data security has become a major concern for organizations.
Data security in organizations can be achieved with the help of mobile VPN. The network establishes an internet protocol security (IPSec) VPN tunnel from the mobile device to an IPSec gateway over the internet using a wireless connection, such as a global system for mobile communication (GSM) or wireless LAN (WLAN). The wireless VPN tunnel allows employees to securely access their enterprise applications, such as e-mails. Thus, the growing rate of cyberattacks is leading to increased demand for the network in organizations, which, in turn, is driving its market growth, globally.
Market Segmentation by End User
Telecommunications
Government
Healthcare
Financial
Military
Utilities
Mining
Oil and Gas
Others (Include Retail, Transportation, Media, Hospitality, and Manufacturing)
Market Segmentation by Distribution Channel
Partners and Distributers
Value-Added Resellers (VARs)
Direct Sales
Online
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Vendors in the mobile VPN market are aggressively investing and working toward building cost-effective mobile security solutions. Some of the key players operating in the market are Netmotion Software, Inc., Radio IP Software Inc., Smith Micro Software Inc., Cisco Systems Inc., IBM Corporation, Columbitech, Techstep Technology, Check Point Software Technologies Limited, Anthasoft S.A. De C.V., and TheGreenBow.
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