Global Virtual Private Network (VPN) Market Trajectory & Analytics Report 2022 : VPNs are Transforming the Way Users Browse the Internet and Continue to Gain Importance for Businesses and Consumers – ResearchAndMarkets.com | Panda Anku

DUBLIN–(BUSINESS WIRE)–Added Virtual Private Network (VPN) – Global Market Trajectory & Analytics report ResearchAndMarkets.com Offer.

The global virtual private network (VPN) market is projected to reach $77.1 billion by 2026

Amid the COVID-19 crisis, the global Virtual Private Networks (VPN) market, which was valued at US$44.6 billion in 2022, is projected to reach a revised size of US$77.1 billion by 2026 and growing at a CAGR of 15.3% over the analysis period.

Therefore, the need to protect business data and transactions is driving companies towards highly secure technologies, thus offering significant growth opportunities for the VPN market. Increasing instances of data theft, both financial and personal, coupled with compromised internet security necessitate VPNs to enable a secure, encrypted connection.

The growing number of cyber attack cases is another important factor pushing many companies to switch to VPN technology. In today’s insecure cyber environment, more and more industry verticals are adopting VPN services to ensure full protection of their data in transit. As the ongoing COVID-19 pandemic impacts business operations, organizations are increasingly turning to internet-based services for business continuity reasons.

This consequently drives the adoption and expansion of VPNs. The trend toward enterprise mobility and the need to provide ubiquitous access to enterprise networks, particularly for remote workers, is also fueling the adoption of VPNs. With around 45% of users using their mobile devices for both personal and work purposes, the adoption of VPN has gained traction among organizations looking to provide secure access for their employees.

Multiprotocol Label Switching, one of the segments analyzed in the report, is expected to grow at a CAGR of 15.4% to reach US$42.7 billion by the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, growth in the cloud segment is adjusted to a revised CAGR of 17.3% for the next 7 years.

This segment currently accounts for 18.2% share of the global virtual private network (VPN) market. The growing need for secure and multi-site connectivity and increasing cloud migration create a steady demand for Multiprotocol Label Switching (MPLS) VPN solutions.

Real-time applications such as Voice over IP (VoIP), video conferencing and business-critical banking apps are particularly well supported by MPLS VPN solutions. A cloud-based VPN provides users, including third-party users and subscribers, access to a global VPN over the public network. The increasing adoption of virtual technologies and devices in application delivery, networking and security products and services is driving growth in the cloud VPN market.

The US market is estimated at US$16.5 billion in 2022, while China is expected to reach US$11.2 billion by 2026

The US virtual private network (VPN) market is valued at US$16.5 billion in 2022. The country currently has a 34.83% share of the world market. China, the second largest economy in the world, is forecast to reach an estimated market size of US$11.2 billion in 2026, representing a CAGR of 17.4% over the analysis period.

Other notable geographic markets include Japan and Canada, which are forecast to grow 12% and 12.8%, respectively, over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.1% CAGR, while the rest of the European market (as defined in the study) will reach $12.9 billion by the end of the analysis period.

Developed countries are the leading regional markets for VPN worldwide. In North America, the VPN market continues to grow due to the increased risk of cybercrime and the resulting need to protect corporate data. Widespread adoption of digital technologies and increasing incidents of cyber attacks are increasing the demand for VPN services.

Europe is another important regional market for VPN, with the widespread adoption of advanced digital technologies in the region fueling the market growth. The large number of companies and growth in internet user base, especially amid the ongoing COVID-19 pandemic, is stimulating the VPN market in Europe. Increasing use of the internet for personal and business purposes, economic growth and industrialization are all contributing to the increasing adoption of VPNs in Asia Pacific.

IP segment projected to reach $17.4 billion by 2026

The IP VPN market is experiencing strong growth, driven primarily by the technology’s significant cost benefits. IP services also help simplify the overall design of private networks and ensure high quality of service for mission-critical operations. Because of this, IP VPN is emerging as a lucrative option for businesses looking to reduce their network expenses.

In the global IP segment, the US, Canada, Japan, China and Europe will drive the 13.8% CAGR estimated for this segment. These regional markets, totaling $6.6 billion in market size, will reach a projected size of $16.3 billion by the end of the analysis period. China will remain one of the fastest growing in this cluster of regional markets.

Led by countries like Australia, India and South Korea, the Asia-Pacific market is projected to reach US$1.9 billion by 2026, while Latin America is set to grow at a CAGR of 12.1% over the analysis period.

MARKET TRENDS & DRIVERS

  • VPNs are changing the way users browse the web and are gaining traction for businesses and consumers alike

  • VPN Usage Statistics: An Overview

  • The growing threat of cyber attacks and data breaches is fueling the adoption of VPNs

  • Implementing effective security solutions is extremely important to prevent hacks

  • Notable future trends in enterprise VPNs

  • The Internet opens up a number of online security problems and brings to light the importance of secure access to networks

  • The digital transformation of companies and changing work cultures are accelerating the adoption of VPNs

  • VPN is riding the wave of transforming workplace norms

  • Pandemic accelerates adoption of remote work or WFM policies

  • WFM employees in % of the total workforce

  • As video and web conferencing solutions become an integral part of communications amid the pandemic, enterprise adoption of VPNs is increasing

  • The rapid growth of media streaming services is leading to an increase in VPN adoption

  • VPN bypasses to encourage consumer adoption

  • As remote/online education becomes the norm in a COVID-19 affected world, security and privacy benefits are driving the adoption of VPNs

  • A look at popular VPNs for higher education institutions

  • The need for improved mobile security is fueling the mobile VPN market

  • Smartphone VPN: Providing a secure and reliable internet connection for smartphones

  • Popular Android VPNs

  • The cloud VPN market is poised for strong growth

  • The site-to-site VPN market is benefiting from increasing business investments in network solutions

  • Anonymity and privacy are driving consumer acceptance of VPNs

  • Small businesses ready to capitalize on VPN adoption

  • OpenVPN Access Server enables faster VPN deployment

  • The promise of better security supports the adoption of VPN in the BFSI sector

  • Government agencies are struggling with legacy VPNs amid the COVID-19 outbreak

  • Use of VPN among healthcare and emergency service providers on the rise

  • The telecom industry uses VPN capabilities

  • VPN restrictions, political censorship and regulations in certain countries are hampering the market growth

  • VPN has potential as a digital marketing tool

  • How VPN helps protect online privacy

  • Key security and performance challenges of VPNs

  • Common issues and vulnerabilities related to VPN service deployment

  • VPNs can fall short when it comes to protecting against today’s sophisticated cyberattacks

  • The emergence of alternatives threatens VPN

  • Security and privacy threats: Rise in cyberattacks and hacking amid COVID-19 pandemic

  • VPN adoption is on the rise as the COVID-19 pandemic fuels a rise in remote work and WFM culture

  • The Importance of VPNs

  • Hardware is capturing a significant share of the VPN market

  • MPLS segment leads the VPN market

  • Large companies capture large market shares

  • Global SSL VPN Market by Company Size (in %) for 2020E

  • Cloud VPN Market: A high growth segment

  • BFSI: The large consumer segment

  • Developed regions lead, developing economies at the forefront of future growth

  • The future of VPN technology

  • contest

  • Comparative review of the best virtual private networks

  • world brands

  • Current market activity

FOCUS ON SELECTED PLAYERS (total 155 in focus)

  • Array Networks, Inc.

  • Avast Software sro

  • Check Point Software Technologies Ltd.

  • Cisco Systems, Inc.

  • Citrix Systems, Inc.

  • CyberGhost SRL

  • ExpressVPN International Ltd.

  • Golden Frog Ltd

  • Google Inc.

  • Juniper Networks, Inc.

  • Microsoft Corporation

  • NCP Engineering GmbH

  • NetMotion software

  • NordVPN

  • OpenVPN Inc.

  • Opera Norway AS

  • Pango Inc.

  • TunnelBear Inc.

  • Watchguard Technologies, Inc.

  • Windscribe Limited

For more information about this report, visit https://www.researchandmarkets.com/r/qv7x8h

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