Virtual Private Network Market

Virtual Private Network Market Size, Share, Growth Analysis, By Component(Solution, Services), By Type(Site-to-site, Remote Access, Extranet, Others), By Deployment Mode(Cloud, On-premise), By End-Use(Commercial, Individual), By Regional(North America, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG50B2015 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Virtual Private Network Market Insights

Market Overview:

The global market for virtual private networks (VPN) was valued at USD 25.65 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 17.4% from 2020 to 2027. The increasing concerns about the security of data transmitted over public internet connections are expected to drive the market's growth. VPNs provide encrypted connections that allow users to connect to the internet through public connections, and organizations use them to ensure only authorized users access their networks remotely. However, the pandemic has led to a surge in end-users using VPN services, which has created challenges that both VPN providers and enterprises need to address.

Virtual Private Network Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Integrated Telecommunication Services by segment aggregation, the contribution of the Integrated Telecommunication Services in Telecommunication Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Virtual Private Network was estimated to be valued at US$ XX Mn in 2021.

The Virtual Private Network Market is estimated to grow at a CAGR of XX% by 2028.

The Virtual Private Network Market is segmented on the basis of Component, Type, Deployment Mode, End-Use, Regional.

Based on region, the Virtual Private Network Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Virtual Private Network Market are Avast Software s.r.o., BlackBerry Limited, Cisco Systems, Inc., Citrix Systems, Inc., CyberGhost S.R.L., Google LLC, IBM corporation, NetMotion Software, Opera Group Company.

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Virtual Private Network Market

Report ID: UCMIG50B2015

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