The global mobile VPN market will grow at a compound annual growth rate (CAGR) of more than 19% during the forecast period from 2022-2030.
Smartphone VPN services are helpful in protecting the user's internet activities. People share various sensitive information that could hackers usually target. Thus, VPNs help secure sharing of the data.
The global mobile VPN market is expected to gain traction in the upcoming years, owing to the booming requirement for remote accessibility and the growing work-from-home trend. Such factors are up scaling the demand for secure access to protect sensitive data from fraud. Moreover, the use of wireless devices has helped business organizations in improving their productivity and operations.
The key industry players are fueling the growth of the market by investing in the development of cost-efficient security systems.
Moreover, mobile devices are not limited to window devices. The advent of blackberry, android, iPhone, and Mac has increased their adoption among employees. Thus, it has spurred the demand for mobile VPN products and services throughout the world. Furthermore, growing cyber crimes and threats related to that are boosting the adoption of mobile VPN globally. As a result, these factors would positively impact the growth of the global mobile VPN market during the forecast period.
Real-time applications, including voice over IP (VoIP), video conferencing and business-critical bank applications would grow the demand for VPN solutions during the forecast period.
However, high expenses related to the mobile virtual private network forecasts restrain the growth of the global mobile VPN market during the forecast period.
Geographic Overview
Geographically, North America has been presenting a major contribution to the growth of the global mobile VPN market. The region is expected to hold the major share because of the excessive adoption of mobile devices amongst the population. In addition, business organizations have also been utilizing VPN devices to improve the overall experience of customers.
Apart from that, the mobile VPN market in Asia-Pacific is forecast to record a significant growth rate during the forecast period. The region is witnessing increasing demand for these products, owing to the strong encryption systems benefits. It helps businesses protect important data at the time of transmission.
COVID-19 Impact
The sudden onset of the COVID-19 pandemic fueled the demand for mobile VPN. Various businesses had to restart their operations through Internet-based services. Thus, it consequently amplified the adoption of mobile VPNs. The sudden growth in the mobility trend and the necessity for ubiquitous access raised the demand for VPNs.
Competition in The Market
Market Segmentation
By Distribution Channel
By End-User
By Region
