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Increasing Need for Wireless Devices Creates Ample Opportunities for the Mobile VPN Market
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The increasing need for wireless devices creates ample opportunities for the mobile VPN market. The first opportunity is growing use of mobile VPN outside the telecom and government sectors. Analysts observed that the Banking, Financial Services and Insurance (BFSI) sector is spending a major portion of its revenue on adoption of mobile security products and services. The utilities segment has also started adopting mobile VPN solutions to provide continuous application sessions and roaming capabilities to workers. Growth of mobile and wireless devices within the organizations poses as another opportunity for the mobile VPN market. There is a need for business organizations to integrate mobile devices such as laptops, tablets and smart phones with various software and applications. Observing such requirement, the organizations are learning new ways to adopt mobile technology to increase productivity and profitability.
Europe has been the second largest mobile VPN industry, which is expected to grow at a CAGR of 26.1% during the forecast period, to reach $311.1 million by 2022. Among the various industries, government segment generated highest revenue for mobile VPN in Europe. Germany was the largest mobile VPN market in Europe in 2015. Among the European nations, in 2015, Germany contributed 32% to the European mobile VPN revenue. It has been observed that the government in Europe is implementing measures to secure data and is adopting devices which provide wireless security. The increasing demand of mobile VPN from government and healthcare industry is expected to increase the demand for mobile VPN in the region.
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The mobile VPN market reported a consolidated structure in 2015, where the top three competitors accounted for the major share. Some of the key players in the market include NetMotion Wireless Inc., Cisco Systems Inc., IBM Corp., Smith Micro Software Inc., Columbitech, Radio IP Software Inc., Techstep Technology, and Checkpoint Software Technologies Inc., Anthasoft S.A. De C.V., and The Green Bow.
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