One of the major drivers for the mobile VPN market is the increasing need for remote operations in large firms. With organizations having employees around the world, they require a centrally managed and simplified remote office, so that business application and database access can be provided to employees at low cost. Moreover, MVPNs offer remote employees flexibility, enhance productivity and user satisfaction, reduce help desk expenditure, and provide better support for issues that are common with VPNs.
Another major factor boosting the growth of the mobile VPN market is the increase in the number of cyberattacks. Because of this, $655 billion was estimated to be spent on cybersecurity solutions between 2015 and 2020, of which $113 billion was estimated to be specifically for securing mobile devices. As organizations grow, they generate increasing amounts of sensitive data, which makes them a potential target for cybercriminals. With a lot of this data now being stored on and exchanged via mobile devices, the demand for MVPNs is rising.
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