Virtual Private Network Market
The Virtual Private Network (VPN) by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Virtual Private Network (VPN), The virtual private network (vpn) market size has grown rapidly in recent years. It will grow from $53.23 billion in 2023 to $62.73 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to data privacy regulations, increased internet surveillance, online freedom and censorship avoidance, hybrid work models, stringent data protection laws..
The virtual private network (vpn) market size is expected to see rapid growth in the next few years. It will grow to $125.94 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The growth in the forecast period can be attributed to shift to zero trust security models, focus on endpoint security, privacy advocacy and awareness, industry-specific security regulations, hybrid work models. Major trends in the forecast period include enhanced user authentication methods, increased collaboration with cybersecurity platforms, integration with next-gen firewalls, cross-industry collaboration for threat intelligence, focus on network performance, integration with secure web gateway, dynamic access policies.
The increase in cyberattacks is expected to drive the growth of the virtual private network market in the coming years. Cyberattacks have been ranked as the fifth most important threat in 2020 and are expected to become the new norm in both the public and commercial sectors. Additionally, cyberattacks are anticipated to develop even more in 2021, with IoT cyberattacks alone projected to double by 2025. VPN technologies are being adopted by major corporations as they securely transfer data and reduce the risk of cyberattacks. For instance, according to the World Economic Forum’s 2020 Global Risk Report, cybercrime has increased 600% as a result of the COVID-19 outbreak, encompassing everything from theft and embezzlement to data hacking and destruction. Therefore, the rising cyberattacks propels the virtual private network market growth.
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The virtual private network (vpn) market covered in this report is segmented –
1) By Type: IP VPN, Mobile VPN, Cloud VPN, Multiprotocol Label Switching (MPLS)
2) By Component: Solution, Services
3) By Connectivity: Site-To-Site, Remote Access, Extranet
4) By Deployment: Cloud, On-Premise
5) By End-User: BFSI, Manufacturing, Healthcare, Telecom And IT, Government, Other End Users
Growing technological advancements are gaining the popularity in the virtual private network (VPN) market. The virtual private network providers are increasing investments in VPN technologies to provide fast and uninterrupted internet connectivity and remote accessibility. For instance, in March 2023, Brave Software Inc., a Canada-based provider of internet privacy tools, introduced its Firewall + VPN service for desktops, complementing its existing VPN services on Android and iOS. This expansion enables users to enjoy comprehensive cross-platform security. The novel cross-device VPN subscription model permits users to connect and safeguard up to five devices, encompassing Android, iOS, macOS, and Windows, all under one subscription.
The virtual private network (vpn) market report table of contents includes:
1. Executive Summary
2. Virtual Private Network Market Characteristics
3. Virtual Private Network Market Trends And Strategies
4. Virtual Private Network Market – Macro Economic Scenario
5. Global Virtual Private Network Market Size and Growth
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31. Global Virtual Private Network Market Competitive Benchmarking
32. Global Virtual Private Network Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Virtual Private Network Market
34. Virtual Private Network Market Future Outlook and Potential Analysis
35. Appendix
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