Global Mobile Virtual Private Network Market Size & Share Will Be Touch USD 80.58 billion by 2030
Research Reports
Jan 09, 2021
Private point-to-point communication between two machines or a network over the internet is a virtual private network. It is a network that allows users, as if their computer device were directly connected to the private network, to send and receive data through shared networks. The virtual private network allows individuals working at home or in the workplace to securely connect to a remote corporate server using the internet-provided routing infrastructure. The data transmitted between two company locations is via an encrypted tunnel that cannot be read by someone else since this device includes multiple components to protect the private network of a company. The virtual private network allows users operating at home or in the workplace to easily connect to a central corporate server using the internet-provided routing infrastructure. Mobile Virtual Private Network has been used to offer its employees various security solutions based on their levels of authority.
Global Mobile Virtual Private Network Market to surpass USD 84.58 billion by 2030 from USD 25.25 billion in 2018 at a CAGR of 15.8% throughout the forecast period, i.e., 2019-30.
The major factors driving the growth of the demand for virtual private networks are the substantial increase in the number of cyber-attacks and remote access from anywhere around the world. In addition, the factors that drive the growth of the VPN market are ensuring integrity checks and providing authentication. In addition, cloud technology adoption and safe remote access are expected to provide significant opportunities in the worldwide VPN market. The pandemic, however, has altered this dynamic and caused a huge demand from end-users using VPN services. Industry experts expect this increase in demand to lead to problems that both VPN providers and businesses need to address.
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Global Mobile Virtual Private Network Market is segmented by component as solution and services. The solution segment dominated the market with a revenue share of 64.2% in 2018. It is anticipated that the services segment will report a substantial CAGR over the forecast period. Over the past few years, virtual private network solutions have gained great traction, particularly among commercial vendors and individual solution providers. Demand for VPN services will continue to be driven by the rapidly evolving nature of work and the changing commercial requirements for virtual private networks. VPN services are aimed at allowing a remote link to be protected by a virtual private network. In addition, vendors allow customers to compare online prices in real-time, allowing cost-conscious customers to analyze the VPN services on offer before making a purchase decision. At the same time, technological innovations combined with economies of scale are also expected to allow suppliers to further reduce their cost structure and speed up their investment in other aspects.
Global Mobile Virtual Private Network Market is segmented by type into Hosted, IP, MPLS, Cloud, and Mobile. The greater market share of XX% in 2018holds by the IP segment owing to the cost benefits offered by this technology. Compared to other forms of VPN services, such as MPLS, IP links private networks via public networks as they are inexpensive. There is a need for safe communication between different business units and efficient means for data management due to the increasing expansion of companies globally, which will further boost the adoption of MPLS networks. In terms of preventing packet loss and keeping the most critical traffic flowing from a business, MPLS offers excellent service quality. It is predicted that the diminishing ATM / frame-relay would support the growth of the MPLS VPN. Businesses leverage MPLS VPN services as they help them priorities applications by service class, such as Voice over Internet Protocol (VoIP). In addition, the need for specific VPN tunneling is removed, thereby reducing the latency of inter-site transfer.
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Global Mobile Virtual Private Network Market is segmented by End-User into telecommunications, government, healthcare, utilities, financial, oil & gas, mining, military, and others. The telecommunications end-user segment dominated the market with a market share of XX.X% in 2018. This is attributed to increased smartphone penetration, which led to the need for the secure transmission of business-critical information via mobile devices. The increasing utilization of wireless and mobile devices across the globe has further accentuated the demand for VPN among utilities, banking, and healthcare domain. Whereas, the healthcare category is projected to witness the fastest growth in the mobile VPN market during the forecast period. These technologies are rapidly being embraced by doctors, field personnel, and medical staff to access sensitive medical records and other healthcare applications via wireless networks.
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Global Mobile Virtual Private NetworkMarket is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Global Mobile Virtual Private network market in North America held the largest market share of XX% in the year 2018and is also expected to remain the largest market during the forecast period due to excessive adoption of mobile devices in this region. Mobility is used by business organizations in this area to help increase efficiency and improve the overall customer experience. In addition, by reducing mistakes, streamlining business processes,s and eradicating obsolete products, mobility helps minimize service costs. Moreover, the Asia-Pacific mobile VPN market is expected to experience the highest CAGR during the forecast period. The widespread demand for these products and services in the area is due to numerous advantages given to users by these systems, such as strong encryption systems that help to develop data protection at the time of data transmission, which is considered essential for both public and private businesses.
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Top Market Players
- Cisco Systems Inc.
- NetMotion Software Inc.
- Radio IP Software Inc.
- IBM Corporation
- Check Point Software Technologies Limited
- Golden Frog GmbH
- Avast Software S.R.O.
- CyberGhost S.A. (Kape Technologies PLC)
- Array Networks Inc.
- Citrix Systems Inc
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