Global VPN Router Market to Reach $4.5B in 2014
One of the key factors contributing to market growth is need for better network security.
Research and Markets has announced the addition of the "Global VPN Router Market 2010-2014" report. Based on an extensive research from inputs by industry experts, vendors and end-users, analysts forecast that the Global VPN Router Market 2010-14 will reach $4.5 billion in 2014. Also noted in the Business Wire report is that one key factor contributing to this market growth is the global need for better network security.
"Research conducted by Technavio reveals that the global VPN router market is expected to grow at a CAGR of 6.2 percent. The report, which focuses on the Americas, EMEA and APAC indicates, that the market is currently driven by an urgent need for better network security.
"In today's world, there is an increase in usage of Wi-Fi and public networks for Internet access. As a result, security threats are also constantly on the rise. This prompts more and more organizations to adopt VPN routers that have a secure communication network, reports Technavio analyst."