The global Virtual Private Network Market size is estimated to arrive at US$92.60bn by 2027. It is projected to develop by 17.4% CAGR from 2020 to 2027.
What are Key Factors Driving the Virtual Private Network Market?
The increasing intensity of cyber safety is estimated to impel the enlargement of the market for virtual private network (VPN), during the forecast period. Since, the persons visiting public places are frequently logging into unsecured Wi-Fi networks, although, the speedy data systems are implemented and linked devices are propagating incessantly, the safety of the information, along with confidentiality safeguarding, are rising like most important matters.
The hackers particularly target the persons, when they go into susceptible hotspots and gain access to unsecured networks. This is encouraging the implementation of virtual private network and power the encryption, offered by this network equipment, to defend the public from malevolent actions.
The increasing implementation of virtual private network resolutions through several businesses and the rising safety concerns are some of the important issues that are powering the expansion of the market. Used for a business, a virtual private network can encrypt the information to make it safe while it is being transmitted over a public internet link.
A virtual private network assists in cutting back the operating costs by means of abolishing the requirement for the leased lines. It moreover aids in improving operational effectiveness.
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Further key findings from the report suggest:
- The rising demand for virtual private network resolutions for business functions is anticipated to steer the enlargement of the commercial section, during the forecast period
- The continual research as well as modernisation, via technology companies, is pushing the acceptance of sophisticated technologies in different business verticals, like telecommunications, healthcare, retail, BFSI, and others
- Due to the insistent expenditure on R&D, along with the greater acceptance of virtual private network resolutions in the telecom business, the market in North America is anticipated to appear like single most important. Market in Asia Pacific is likely to observe large expansion, during the forecast period
- Because of increasing safety concerns, through several end-user businesses, the global virtual private network (VPN) market is expected to observe, considerable enlargement, during the forecast period
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Million Insights segmented the global virtual private network market based on End Use, Deployment Mode, Type, Component, and Region:
- VPN Component Outlook (Revenue, USD Billion, 2016 – 2027)
- VPN Type Outlook (Revenue, USD Billion, 2016 – 2027)
- Remote Access
- VPN Deployment Mode Outlook (Revenue, USD Billion, 2016 – 2027)
- VPN End-use Outlook (Revenue, USD Billion, 2016 – 2027)
- VPN Regional Outlook (Revenue, USD Billion, 2016 – 2027)
- North America
- Asia Pacific
- South America
- Middle East & Africa
- North America
- Watch Guard Technologies, Inc.
- Net Motion Software
- Google LLC
- Citrix Systems, Inc.
- BlackBerry Limited
- Opera Group Company
- IBM Corporation
- Cyber Ghost S.R.L.
- Cisco Systems, Inc.
- Avast Software s.r.o.
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