Global virtual private network router market: 4.7% CAGR growth forecast between 2012-16
Global Virtual Private Network Router Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-26 08:39:01
The Global Virtual Private Network Router market is to grow at a CAGR of 4.7 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing demand for cost-effective solutions. The market has also been witnessing the increasing adoption of mobile virtual private network routers. However, the increasing popularity of cloud computing could pose a challenge to the growth of this market.
A mobile VPN provides a similar level of security as a traditional wired VPN solution, but it is optimized according to the needs of the wireless world. The features of a mobile VPN, such as session persistence and seamless roaming, enables it to create a reliable and seamless user experience when they are operating devices and switch networks or move beyond the coverage area. Compared to a traditional VPN, a mobile VPN with its advanced data compression feature has greater throughput and also provides significantly better performance in wireless networks with small bandwidth. Hence, in the upcoming years, the mobile VPN is expected to gain traction in the VPN market and to be adopted widely worldwide.
One of the main drivers is the growing demand from end-users for cost-effective solutions. As a result of the current economic downturn and recent recession, companies are skeptical about making capital investments. The major focus of companies is on implementing cost-effective as well as efficient solutions. They are also focusing on optimizing resources and thereby reducing capital as well as operational expenses.
One of the major challenges in this market is the increasing popularity of cloud computing. Cloud computing is gaining popularity in the market because of its high-speed processing capacity, huge storage space, and competitive pricing. In addition, as a result of the increase in adoption of smartphones, tablets, and other gadgets that can wireless infrastructure, the popularity of cloud computing is at its peak.
The key vendors dominating this market space are Cisco Systems Inc., Hewlett-Packard Co., Huawei Technologies Co. Ltd. and Juniper Networks Inc.
Other vendors are Astrill, D-Link Corporation, Netgear Inc., Sabai Technology and Others.
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