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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 networkmarket 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:
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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:
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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:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Component, Type, Deployment Mode, End Use Industry, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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)
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global virtual private network market was valued at US$ 36.8 Billion in 2022.
We expect the global virtual private network market to exhibit a CAGR of 15.1% during 2023-2028.
The rising risks of cyber-attacks and data breaches, along with the increasing utilization of virtual private network to safeguard business transactions and confidential data, are primarily driving the global virtual private network market.
The sudden outbreak of the COVID-19 pandemic has led to the growing application of virtual private network across several organizations to conduct web conferencing for communication purposes with greater security, on account of the increasing adoption of work from home model.
Based on the component, the global virtual private network market can be segmented into hardware and software and services. Currently, hardware holds the majority of the total market share.
Based on the type, the global virtual private network market has been divided into remote access VPN, site-to-site VPN, and others. Among these, remote access VPN currently exhibits a clear dominance in the market.
Based on the deployment mode, the global virtual private network market can be categorized into on-premises and cloud-based. Currently, cloud-based deployment accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global virtual private network market include 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).
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