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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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.
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.
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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.