Virtual Private Network Market

Market Overview:

The global virtual private network market size reached US$ 36.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 89.3 Billion by 2028, exhibiting a growth rate (CAGR) of 15.1% during 2023-2028.

A virtual private network (VPN) can be defined as a source that offers secure communication between several members of a group by using public telecommunication infrastructure while maintaining privacy through the usage of a tunnelling protocol with security procedures. Their utilization provides an encrypted link that enables customers to get connected with the public internet network. Frame relay (FR), asynchronous transfer mode (ATM), virtual circuits (VC), and multiprotocol label switching (MPLS) are some of the few technologies used by VPNs. In addition, they mask the internet protocol (IP) address of the users in order to make their online actions virtually untraceable, thus providing greater privacy and security. Therefore, VPNs find large-scale applications across multiple businesses across the globe.

Virtual Private Network Market Trends:

The global market is primarily driven by the widespread adoption of private networks in various industries. With the penetration of high-speed internet connection paving the way for conducting seamless business activities across numerous sectors, the risks of cyber-attacks and data breaches are rising, thereby leading to the increased utilization of VPNs worldwide. Thus, the significant demand to safeguard business transactions and data is driving enterprises toward highly secure technologies, thereby creating lucrative growth opportunities in the VPN market. Also, the shifting preference toward video and web conferencing solutions for communication amid the ongoing pandemic among enterprises is propelling the VPN market toward growth. Other factors, such as widescale adoption of media streaming services, the increasing demand for online and remote education, the escalating incidences of theft of financial and personal information, continual product innovations and extensive research and development (R&D) activities conducted by key players are further providing an impetus to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global virtual private network market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type, deployment mode and end use industry.

Breakup by Component:

• Hardware
• Software and Services
   

Breakup by Type:

• Remote Access VPN
• Site-to-Site VPN
• Others
   

Breakup by Deployment Mode:

• On-premises
• Cloud-based
   

Breakup by End Use Industry:

• BFSI
• Healthcare
• IT
• Government
• Manufacturing
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Array Networks Inc., Avast Software s.r.o., BlackBerry Limited, Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., CyberGhost S.R.L., Google LLC, International Business Machines Corporation, Juniper Networks Inc., Microsoft Corporation and NetMotion Software (Absolute Software Corporation).

Report Coverage: