Global SSL VPN Market

Global SSL VPN Market Size, Share, Growth Analysis, By Component(Software, Service), By Mode of Remote Access(Tunnel, Thin-client), By Enterprise Size(Large Enterprise, Small) - Industry Forecast 2024-2031

Report ID: SQSG45E2050 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 89 | Figures: 76

Global SSL VPN Market Regional Insights

In 2021, North America is expected to hold the largest global SSL VPN market share. Attributing to the rapid adoption of IoT technology, the growing number of electronic gadget users, and the increased potential of data theft and cybercrime instances, North America has emerged as the worldwide SSL VPN market's dominating region. The growing awareness of the need to protect data and monitor cybercrime is a major factor driving this region's growth. However, expanding BYOD culture adoption in emerging nations such as India, China, Japan, and others are expected to serve as drivers assisting the Asia Pacific market for SSL VPN to see new growth potential over the forecast period.

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FAQs

SSL VPN Market size was valued at USD 4.48 billion in 2019 and is poised to grow from USD 4.97 billion in 2023 to USD 12.6 billion by 2031, growing at a CAGR of 10.9% in the forecast period (2024-2031).

The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Pulse Secure LLC', 'Citrix Systems Inc.', 'Cisco Systems, Inc.', 'F5 Networks, Inc.', 'Palo Alto Networks, Inc.', 'Juniper Networks, Inc.', 'Fortinet, Inc.', 'Check Point Software Technologies Ltd.', 'SonicWall Inc.', 'Array Networks Inc.', 'Symantec Corporation', 'Barracuda Networks, Inc.', 'Sangfor Technologies Inc.', 'QNO Technology', 'SecureLink Germany GmbH & Co. KG', 'AT&T Inc.', 'Dell Technologies Inc.', 'Huawei Technologies Co., Ltd.', 'Microsoft Corporation', 'WatchGuard Technologies, Inc.'

The increased demand for secure remote access among industrialists, employers, and employees, as well as customers, will contribute to the worldwide SSL VPN market's overall growth. Aside from that, the growing trend of BYOD (bring your own device) and the increasing number of cybercrimes on the internet drive the requirement for SSL VPN in the projection period. Furthermore, rising data security awareness and need for security portals will help this industry see profitable growth possibilities in the future years. The increasing use of cloud-based security will also contribute to the future growth of the worldwide SSL VPN market.

The growing use of SSL VP among the healthcare sector is likely to encourage the market growth in the upcoming years. The healthcare sector is a key end-user of the VPN network, as users such as physicians, field workers, and medical staff require access to confidential medical records or medical histories and other healthcare applications via wireless networks. The banking, financial services, and insurance (BFSI) industry devotes a significant portion of its revenue to mobile security products and services. Banks are also focusing on confirming clients' record accreditations as well as safeguarding payment gateways of portable security products and administrations.

In 2021, North America is expected to hold the largest global SSL VPN market share. Attributing to the rapid adoption of IoT technology, the growing number of electronic gadget users, and the increased potential of data theft and cybercrime instances, North America has emerged as the worldwide SSL VPN market's dominating region. The growing awareness of the need to protect data and monitor cybercrime is a major factor driving this region's growth. However, expanding BYOD culture adoption in emerging nations such as India, China, Japan, and others are expected to serve as drivers assisting the Asia Pacific market for SSL VPN to see new growth potential over the forecast period.

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