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Virtual Private Network Market (Connectivity - Site-to-site VPN, Remote, and Other; Platform - Wired, and Mobile and Wireless; Solution - Software, and Service; Type - Internet Protocol Security, Layer 2 Tunneling Protocol, Point-to-point Tunneling Protocol, SSL and TLS, Open VPN, and Others; End User - Government, IT, Healthcare, BFSI, Manufacturing, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : April, 2021

  • Rep Id : ICT00219

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the virtual private network market provides an in-depth analysis of segments and sub-segments in the global as well as regional virtual private network market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional virtual private network market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global virtual private network market. According to the report, the global virtual private network market is projected to grow at a CAGR of 16.8% over the forecast period of 2020-2026.


the virtual private network market

 

Market Insight

The global virtual private network market was valued at USD 26.9 billion in 2020 and is projected to reach near USD 68.2 billion by 2026, growing at a CAGR of 16.8% from 2020 to 2026. VPN or Virtual Private Network provides a secure network when using a public network. The online traffic is encrypted, and the IP address of the user is disguised by the VPN. This denies any third party to monitor or view the online activities of the user. The encryption of data makes it impossible for hackers and cybercriminals to decipher the data. VPN is used by corporate houses, governments, BFSI, and others which allows their employees to securely enter into the company’s server or network. VPN is also used by individuals and regular households who put more emphasis on the protection of their data. The VPN is gaining importance as the world is becoming more connected. As the connected world is also making the user’s data vulnerable to cyber-attacks.

 

The coronavirus pandemic caused nationwide lockdowns which forced the people to stay indoors for a considerable period of time. Big technology, manufacturing, and other corporates instructed their employees to work from home. Therefore, VPN played an important role in providing a safe network for employees to work from home. Specifically, IT and Technology companies were highly benefited. People also preferred doing online shopping and other digital activities like high usage of social media platforms to stay connected. VPN provided these people with the safety to use the internet freely. The threat of online activities been tracked by a third party and threats of cyber-attacks are causing people to adopt VPN services and products. This is resulting in the rise in demand which in turn is driving the market. The availability of products and services of VPN at affordable rates is also causing a rise in demand. The rising internet penetration among people is also a crucial driver for the market as it is prompting people to adopt VPN services and products for their safe usage of the internet. The only thing that is restraining the market is the low awareness regarding VPN services and products. The awareness regarding VPN services and products is low in developing countries as compared to developed countries. The roll-out of 5G presents itself as a huge opportunity for the market. As increased speed in data would lead to more usage of internet resulting in the rise in adoption of VPN services and products.

 

North America is expected to be the highest revenue-generating region of the market. The main cause for the dominance of this region is that it is home to some of the advanced countries and economies with matured society. Therefore, awareness regarding VPN services and products is quite good. Europe is projected the second-highest revenue-generating region as people in this region give more importance to data security which is resulting in the rising demand for VPN services and products. Asia-Pacific is anticipated to be the third-largest revenue-generating region as there is a sharp rise in internet penetration in this region.

 

Segment Covered

The report on the global virtual private network market covers segments such as connectivity, platform, solution, type, and end user. On the basis of connectivity, the sub-markets include site-to-site VPN, remote, and other. On the basis of platform, the sub-markets include wired, and mobile and wireless. On the basis of solution, the sub-markets include software, and service. On the basis of type, the sub-markets include internet protocol security, layer 2 tunneling protocol, point-to-point tunneling protocol, SSL and TLS, open VPN, and others. On the basis of end user, the sub-markets include government, IT, healthcare, BFSI, manufacturing, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as NortonLifeLock Inc., Cisco Systems, Inc., Alphabet Inc., Microsoft Corporation, McAfee Corp., Kaspersky Lab, CyberGhost S.A., Huawei Technologies Co., Ltd., Oracle Corporation, and SingTel (Singapore Telecommunications Ltd.).

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the virtual private network market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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