The market will reach $77.1 billion by 2026 from S$44.6 billion in 2022

DUBLIN, August 17, 2022 /PRNewswire/ — The “Virtual Private Network (VPN) – Global Market Trajectory and Analysis” report has been added to ResearchAndMarkets.com’s offer.

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Global Virtual Private Network (VPN) Market to Reach US$77.1 billion by 2026

Amid COVID-19 crisis, Global Virtual Private Network (VPN) Market Estimated at US$44.6 billion in 2022, is expected to reach a revised size of US$77.1 billion by 2026, growing at a CAGR of 15.3% over the analysis period.

The need to protect data and business transactions is therefore pushing companies towards highly secure technologies, thereby presenting significant growth opportunities for the VPN market. The increasing incidence of data theft, of both financial and personal information, coupled with compromised web security, reinforces the need for a VPN to enable a secure and encrypted connection.

The increasing number of cases of cyberattacks is another major factor driving many businesses to switch to VPN technology. In today’s dangerous cyber environment, more and more industry verticals are adopting VPN services to ensure complete protection of their data during transmission. With the ongoing COVID-19 pandemic impacting business operations, businesses are increasingly turning to internet services for business continuity purposes.

This consequently drives the adoption and expansion of VPNs. The trend towards enterprise mobility and the need to provide ubiquitous access to corporate networks, especially for remote workforces, is also driving the adoption of VPNs. With approximately 45% of users using their mobile devices for personal and business purposes, VPN adoption has grown in importance among businesses looking to ensure safe and secure access for their employees.

Multi-protocol 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 at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Cloud segment is readjusted to a revised CAGR of 17.3% for the next 7-year period.

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

Real-time applications such as voice over IP (VoIP), video conferencing, and business-critical banking applications have special support from MPLS VPN solutions. A cloud-based VPN provides global VPN access to users, including third-party users and subscribers, over the public network. The increasing adoption of virtual technologies and devices in application delivery, networking and security products and services is fueling the growth of the cloud VPN market.

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

The virtual private network (VPN) market in the United States is estimated at US$16.5 billion in 2022. The country currently accounts for a 34.83% share of the global market. Chinaworld’s second largest economy, is expected to reach an estimated market size of US$11.2 billion in 2026 with a CAGR of 17.4% over the analysis period.

Other notable geographic markets include Japan and Canada, each predicting growth of 12% and 12.8% respectively over the analysis period. In Europe, Germany is expected to grow at around 12.1% CAGR while the rest of the European market (as defined in the study) will reach US$12.9 billion at the end of the analysis period.

Developed economies are the main regional markets for VPNs around the world. 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 cyberattacks are fueling the demand for VPN services.

Europe is another major regional market for VPNs, with the widespread adoption of advanced digital technologies in the region driving the growth of the market. Large number of companies and growing internet user base, especially amid the ongoing COVID-19 pandemic, is driving the VPN market in Europe. Growing use of the Internet for personal and business purposes, economic growth, and industrialization are contributing to the growing adoption of VPNs around the world. Asia Pacific Region.

IP segment to reach $17.4 billion by 2026

The IP VPN market is experiencing strong growth, driven primarily by the significant cost advantages offered by the technology. IP services also help simplify the overall design of private networks and ensure high quality of service for critical operations. It is for this reason that IP VPN is becoming a lucrative option for businesses looking to reduce their networking expenses.

In the global IP segment, UNITED STATES, Canada, Japan, China and Europe will drive the CAGR of 13.8% estimated for this segment. These regional markets representing a combined market size of US$6.6 billion will reach a projected size of US$16.3 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets.

Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$1.9 billion by 2026, while Latin America will grow at a CAGR of 12.1% over the analysis period.

MARKET TRENDS AND DRIVERS

  • Transforming the way users browse the Internet, VPNs continue to grow in importance for businesses and consumers

  • VPN Usage Statistics: An Overview

  • Growing Threat of Cyberattacks and Data Breaches Drives VPN Adoption

  • Implementation of highly essential effective security solutions to prevent hacks

  • Notable Future Trends in Business VPNs

  • The internet opens up a range of online security issues, highlighting the importance of secure access to networks

  • Digital Business Transformation and Changing Work Cultures Are Accelerating VPN Adoption

  • Le VPN rides the wave of transforming workplace standards

  • The pandemic is accelerating the adoption of remote work or WFM policies

  • WFM employees as % of total workforce

  • With video conferencing and web conferencing solutions becoming an integral part of communications amid the pandemic, VPN adoption is increasing among businesses

  • Rapid Growth of Media Streaming Services Drives Increase in VPN Adoption

  • VPN Bypasses to Drive Private Consumer Adoption

  • As remote/online learning becomes the norm in a COVID-19-hit world, security and privacy benefits drive VPN adoption

  • An Overview of Popular VPNs for Academic Institutions

  • Need for Improved Mobile Security Drives Mobile VPN Market

  • Smartphone VPN: Provide secure and reliable internet connectivity for smartphones

  • Popular Android VPNs

  • Cloud VPN market is poised to grow at a high rate

  • Site-to-site VPN market benefits from increased enterprise investment in networking solutions

  • Benefits of Anonymity and Privacy Drive Consumer Adoption of VPNs

  • Small businesses are poised to benefit from VPN adoption

  • OpenVPN Access Server facilitates faster VPN deployment

  • The Promise of Better Security Supports VPN Adoption in the BFSI Sector

  • Government agencies crack down on old VPNs amid COVID-19 outbreak

  • VPN usage among healthcare and emergency service providers is on the rise

  • The telecommunications industry uses VPN capabilities

  • Restrictions on VPNs, political censorship and regulations in some countries are hampering market growth

  • VPN has potential as a digital marketing tool

  • How VPN Helps Protect Online Privacy

  • Top VPN Security and Performance Challenges

  • Common issues and vulnerabilities in deploying VPN services

  • VPNs may fail to protect against today’s sophisticated cyberattacks

  • The emergence of alternatives threatens the VPN

  • Threat to security and privacy: Increase in cyberattacks and hacking amid the COVID-19 pandemic

  • VPN Adoption Rises as COVID-19 Pandemic Drives Rise in Remote Working and Culture WFM

  • The importance of VPNs

  • Hardware grabs a major share of the VPN market

  • The MPLS Segment Dominates the VPN Market

  • Big companies grab a big market share

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

  • Cloud VPN market: a high-growth segment

  • BFSI: the main end-use segment

  • Developed regions lead developing economies to spearhead future growth

  • The future of VPN technology

  • Competition

  • Comparative review of the best virtual private networks

  • Global brands

  • Recent market activity

FOCUS ON CERTAIN PLAYERS (Total 155 Featured)

  • Array Networks, Inc.

  • Avast Software sro

  • Check Point Software Technologies Ltd.

  • Cisco Systems, Inc.

  • Citrix Systems, Inc.

  • CyberGhost SRL

  • ExpressVPN International Ltd.

  • Golden Frog GmbH

  • 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 on this report visit https://www.researchandmarkets.com/r/sgkb4o

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