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Mobile VPN Market Overview
Mobile VPN market is gaining traction in Europe with the growing demand for remote accessibility in large, medium and small enterprises and rising incidence of cyber threats. Mobile VPN are used in organization as they offer uninterrupted services to users even when they switch public and private networks frequently. It also offers separate tunnels which provide seamless communication to users and are not tied to any physical IP address, instead, they are linked with logical IP address which remains same even when user moves to different location. On the basis of distribution channel, value added resellers (VARs) contributed the largest revenue to the regional mobile VPN market.
During the forecast period, the regional mobile VPN market is expected to witness fastest growth in BFSI application. BFSI sector spends a major portion of its revenue in the adoption of mobile security products and services. Banks are focusing on securing their customers’ account credentials and secured payment gateways. The expenditure done by banks on technology has now shifted from traditional method of customer interaction involving indirect channels, to that through mobile devices. It consequently augmented the market for mobile VPN.
Among countries, the mobile VPN market in Germany is expected to witness the fastest growth, during the forecast period, due to heavy spending of multiple vendors towards the development of efficient VPN to provide increased security to consumers in a cost-effective manner. The mobile VPN market share of France has been increasing constantly in the region.
Mobile VPN Market Dynamics
The gaining popularity of bring your own devices (BYOD) concept, is one of the prime growth factors of mobile VPN industry. To minimize the security risk, the regional enterprises of all sizes, are adopting wireless VPN to keep their data secure, inside and outside, from external threats.
Drive for mobility is the latest business technology agenda for most of the companies today. With the growing complications in businesses, such as access to documents and presentations, and provision of status on processes, the demand for mobile and wireless devices has increased. The accessibility of e-mails in mobile phones is not sufficient for increasing productivity and creating an informed employee-base. The growing need for business organizations to integrate mobile devices such as laptops, tablets, smart phones, with various software and applications, is anticipated to drive the growth of the mobile VPN market in the region.
Mobile VPN Market Competitive Landscape
With technological advancement and upgradation of operating systems, it is important for wireless VPN vendors to adapt to the latest technology to fulfil their customers’ requirements. Software upgradation on wireless VPN provides continuous succession in mobile security to accomplish the demand of large, small and medium businesses across all verticals. To eliminate complexities, information security market vendors are coming together to provide solutions to their clients, leading to the growth of the mobile VPN market in the region.
The European mobile VPN market is fragmented owing to the presence of a large number of local and regional players, which intensifies the degree of rivalry. Some of the key market players, such as Cisco Systems Inc., Hewlett Packard Enterprise, Symantec Corporation, Siemens AG, IBM Corporation, Columbitech, Barracuda Network, Inc., F5 Networks Inc., Citrix Systems Inc., and Birdstep Technology ASA seek to gain market share through continuous innovations in technology and safeguarding their offerings through registered patents.
Key competitors are specifically focusing on Germany and the U.K. for expansion of their wireless VPN solutions, as these countries show a strong tendency to adopt VPN solutions in coming years. Similarly, manufacturers are also investing in France to offer better communication and data transfer facility to increase their market share in the mobile VPN market.
Scope for Customization
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