Virtual Private Network Market Overview
The Virtual Private Network Market report explores a comprehensive study on various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. The research report tracks all the recent developments and innovations in the market. The virtual private network Industry growth will reach a high rate of 15.42% of CAGR till the end of 2030. With the growth of the global market, there are chances of an increase in the VPN Market.
Virtual Private Network Market Key Players
The key market players in the global virtual private network market are –
- CyberGhost S.A. (Romania)
- Microsoft Corporation (U.S)
- Purevpn (Hong Kong)
- NordVPN (Panama)
- IPVanish (U.S)
- Golden Frog
- GmbH (Switzerland)
- Private Internet Access (U.S Buffered VPN (Hungary)
- SaferVPN (Israel)
- NetGear, Inc. (the U.S) and among others.
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Drivers and Restraints
VPN solutions make business operations more effective. The significant factor that accounts for the growth of the Virtual Private Network Industry is the growing adoption of VPN solutions across various vertical industries. It is expected that a substantial rise in the number of cyber-attacks and a spike in demand for cloud-based security solutions would fuel the virtual private network market over the forecast period. The VPN industry is expected to see a dramatic rise due to the advent of disruptive technological developments, such as BYOD. VPN applications help businesses encrypt their data on the employee’s computer. It also scans malicious devices to protect sensitive data from any unauthorized access by the client. Responsible for hampering VPN market growth is the higher price of the mobile virtual private network.
Virtual Private Network Market Segmentation
By Platform:
- Mobile and wireless devices
- Wired devices
By Connectivity:
- Remote
- Site to Site VPN
- Others
By Solution:
- Services
- Software
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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
By End-user:
- IT
- Manufacturing
- Government
- Healthcare
- BFSI
- Others
By Deployment:
- On-Premises
- Cloud
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Virtual Private Network Market Regional Analysis
Geographically, the global virtual private network market is studied in four major regions, namely, Europe, North America, the Asia Pacific, and the rest of the world.
North America region is slated to account for the significant market share over the assessment period. The U.S. is motivated by the rising cybercrime trend, the existence of strong demand due to its services and I.T. Activities, where VPN demands more for high-end services and privacy. Also contributing to this market’s growth over the evaluation period is the growing number of cyber-attacks on businesses across various industry verticals. It allows companies to deploy VPN solutions that will protect their business capital from unaffected access. Due to the rising rate of cybercrime, which drives market growth in the near future, there is a significant demand for VPN solutions. The European region’s virtual private network market is expected to see rapid growth over the forecast period. Whereas the Asia Pacific region’s developing countries, such as Japan, China, and India, are developing markets for virtual private network solutions, due to the growing I.T. sector, and diverse industry and business verticals with significant demand for VPN solutions. Over the study era, the APAC area is poised to witness the fastest CAGR.
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