Virtual Private Network Market Overview
The current Virtual Private Network Market is anticipated to register a high growth rate of 18.22% CAGR during the assessment period of 2023.
The rising use of smartphones and other wireless devices is one of the growth driving factors of the market over the research period. In addition, the higher demands of electronic devices among the demographics are projected to bring new opportunities for the key market players and enhance the global market growth. For instance, the growing technological advancements are another factor, which is fueling the Virtual Private Network industry growth in the review period.
Furthermore, people’s low awareness of VPNs and technology might hamper the growth of the global market. Apart from this, the current market growth might experience restraints due to VPNs’ severe security and protection problems. Also, the standardization of data and incompetence of authority might hinder the market growth in the forecast period.
Virtual Private Network Market segmentation
By Platform:
- Mobile and wireless devices
- Wired devices
By Connectivity:
- Remote
- Site to Site VPN
- Others
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By Solution:
- Services
- Software
By Type:
- Layer 2 Tunneling Protocol
- Open VPN
- TLS and SLS
- Internet Protocol Security
- Point to Point Tunneling Protocol
- Others
By Application:
- Intranet VPN
- Extranet VPN
- Access VPN
- Others
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By End-user:
- IT
- Manufacturing
- Government
- Healthcare
- BFSI
- Others
By Deployment:
- On-Premises
- Cloud
Virtual Private Network Market Key Players:
Some significant virtual private network key players are as follows:
- GmbH
- CyberGhost S.A.
- Nord VPN
- Microsoft Corporation
- Private Internet Access
- NortonLifeLock Inc.
- Golden Frog
- Buffered VPN
- NetGear INC.
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Virtual Private Network Market Regional Analysis
As per the Virtual Private Network Market report, the global market is classified into North America, Asia Pacific, Latin America, Europe, the Middle East, Africa, and the rest of the world. All these regions are supportively growing the Virtual Private Network due to the rising disposable income of demographics. However, the regional market growth might get affected or decline because of the rising difference between the supply and demand of the market.
Among all these regions, the North American Virtual Private Network Market is registered to acquire significant market share during the assessment period due to the rising number of cyber-attacks on enterprises in different verticals. Moreover, the growing demand for high-end services and privacy is another major growth driving factor for the regional market’s growth.
As per the Forbes report, the cyber-attacks on operational technology infrastructure have increased to nearly 31% of the organizations in the US for the year 2017.
Key Points Covered in the Virtual Private Network Industry Report:
- The global Virtual Private Network industry research examines all the leading players in the Virtual Private Network market and ranks them based on their corporate strengths and product offerings in today’s competitive marketplace.
- Economic, social, political, legal, and technological factors on customer growth, as well as emergent Virtual Private Network market trends, were investigated in the report.
- Company profiles, capability, growth, global spend; share, requirements, product price image, and contact information for key global industry players in the global Virtual Private Network market are also covered in the research study.
- The study contains information on the strategic partnerships and tactics used by competitors in the target Virtual Private Network market.
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