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Site-to-Site VPN Market size was valued at USD 38.8 billion in 2019 and is poised to grow from USD 44.6 billion in 2023 to USD 137.7 billion by 2031, growing at a CAGR of 15.1% in the forecast period (2024-2031).

Vendors are struggling to survive in the Site-to-Site VPN market. There are many reasons for this, but the main reason is that most customers are now using virtual private networks (VPNs) instead of site-to-site VPNs. Customers are generally cheaper and more flexible than vendors, and they don't need as many features as site-to-site VPNs do. Additionally, traditional VPNs are becoming more popular because they protect users' privacy. 'Cisco Systems Inc.', 'Check Point Software Technologies Ltd.', 'Juniper Networks Inc.', 'Palo Alto Networks Inc.', 'Fortinet Inc.', 'SonicWall Inc.', 'Huawei Technologies Co. Ltd.', 'IBM Corporation', 'Microsoft Corporation', 'Citrix Systems Inc.', 'Barracuda Networks Inc.', 'Zscaler Inc.', 'McAfee LLC', 'Symantec Corporation', 'Avast Software s.r.o.', 'Bitdefender LLC', 'F5 Networks Inc.', 'FireEye Inc.', 'WatchGuard Technologies Inc.', 'OpenVPN Inc.'

Increased threat of cyberattacks and higher chances data breach to Drive Site-to-site VPN Market

Increased focus on tightening security and privacy by using a VPN in conjunction with firewalls

Europe and North America have the largest site-to-site VPN market. This is because these two regions have the highest number of businesses that need to connect to remote sites. Wherein, Site-to-site VPN allows businesses to securely connect to their remote sites. It also allows businesses to save on costs by using a single network for all their locations. In addition to this, most of the businesses appreciate the flexibility that remote working provides. With remote working, employees can work from anywhere in the world, as long as they have an internet connection. This means that they can work from home, from a coffee shop, or even from a different country. In both the regional site-to-site VPN market, the number of people working remotely has increased to a great in recent years. This is due to the advancement of technology, which has made it easier for people to work from home. In addition, more companies are now allowing employees to work from home, which has also contributed to the growth in the market sales of site-to-to VPN.

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Site-to-Site VPN Market

Product ID: SQSG45E2009