Due to the increasing incidence of cyber-attacks in numerous industries every year, the demand for mobile virtual private network (VPN) is expected to surge across the world. Owing to the rise in the number of companies using cloud solutions and mobile devices for their operations, the chances of data theft and incidences of data breach are also increasing rapidly. According to a recent survey, in the U.S., 50.0% of the CEO’s expressed their concerns regarding the rising prevalence of cyber-crimes.
Mobile VPN solutions are widely used in the healthcare, utilities, telecommunications, oil & gas, military, mining, government, and financial industries. Amongst these, the telecommunications industry recorded the highest usage of mobile VPN solutions in 2017, owing to the massive need for secure transmission of business-critical information through mobile devices, on account of the presence of a huge smartphone-using population.
Many companies around the world deal with sensitive information and data, and thus, any security breach in their network can cause huge consequences and loss of revenue for them. A mobile VPN allows businesses to enhance their data and network security, which is primarily why this technology is finding a rising number of takers. Mobile workers set up an internet protocol security (IPSec) and VPN tunnel from their smartphones to an IPSec gateway, using wireless connection, over the internet, thus making their data secure.
Over the last few years, there has been a huge increase in working flexibility in many companies, owing to the availability of remote accessibility, and this has significantly increased employee productivity and communication. Nowadays, many companies require a simplified and centrally managed remote office, and this is resulting in the adoption of mobile VPN, in order to provide secure and reliable access to data at affordable prices, to their employees, which, is in turn, fuelling the growth of the mobile VPN market throughout the globe.
Globally, the Asia-Pacific (APAC) region is predicted to observe the fastest growth in the adoption of mobile VPN solutions and services during the forecast period. This is primarily attributed to the soaring usage of mobile devices, particularly smartphones, in the region, especially in India and China. In addition to this, the rising internet penetration, rapid economic growth, increasing industrialization, and enactment of strict regulatory measures related to data security, by both public and private companies, are expected to further propel the demand for mobile VPN in the region in future.
Therefore, owing to the burgeoning need for data security, on account of the rising prevalence of cyber-attacks, increasing penetration of internet, and mushrooming number of smartphone users, the demand for mobile VPN is expected to observe tremendous growth in the coming years.