Global VPN Market, By Component (Hardware, Software, Services), By Type (IP, MPLS (Multiprotocol Label Switching), Cloud VPN, Mobile VPN), By Connectivity (Site-to-site, Remote Access, Extranet), Products (Routers, Switches, Firewalls), By End User (Government, Telecommunication, Manufacturing, Healthcare, BFSI, Utilities), By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa); Trend Analysis, Market Competition Scenario & Outlook, 2016-2026
- Published Date: August 2020
- Report ID: BWC20112
- Available Format: PDF
- Page: 0
Global VPN Market – Market Forecast & Trends
The VPN allows users to access data distantly with safe excavation and encryption approaches, thereby letting the business continuance, which in turn fuels the market development. The VPN allows the safeguarding of the private business data, which might comprise customer information, company projections, product catalogue, employee, and customer information. The VPN permits the sharing of data with a specific subsection of savers, thereby helping in business steadiness and reliability. The growing cyber fears, rising appeal for distant suitability of data in business administrations, and increasing structural need for protected wireless convenience to acute uses are the key factors encouraging the growth of the market.
Global VPN Market – Overview
The VPN improves the output of the organizations as the data is safely summarized into network protocols, thereby reducing and removing the odds of data breaks and cyber-attacks. The VPN lets the sharing of data with a particular subset of stakeholders, thus helping in business continuity and reliability. The VPN makes the operations more effective. For example, Brown Bear Corporation (dealing in manufacturing, environmental applications, utility applications) makes use of the VPN by allowing the supervisory staff link via VPN to the office or the brown bear stock to improve the management proficiency with lesser effort and time.
The Growing Adoption of VPN networks and Growing Investments by Companies on Networking Solutions
Acceptance of VPN solutions helps in fetching the trials of implementing WAN solutions as VPN networks are increasing the market for WAN facilities. Furthermore, a significant increase in the number of cyber-attacks and swelling requests for cloud-based security solutions is predicted to increase the global site-to-site VPN market over the prediction period. Besides, end-user demand for virtual communication networks is expected to increase the site-to-site VPN market in the near prospect. Requests for secure remote access and improved adoption of private clouds are expected to generate lucrative market possibilities for VPN software vendors over the prediction period.
Rise of Small & Medium-Sized Enterprises (SMEs)
Small and medium-sized enterprises (SMEs) are extensively increasing in numbers. SMEs are slowly accepting cloud-based servers due to the placement of digitization. This growth in SMEs is much needed for better security services and confidentiality capabilities, which can deliver easy answers for the enterprises to connect with trust and safety. However, the adoption of chatbots and the rise of numerically engaged SMEs will further drive the cloud VPN market. Besides, the small businesses are significantly accepting VPN for remote influences to keep the best security performs for operations and better broadcast of data. Thus, the rising of digitally advanced SMEs will drive the cloud VPN market.
Global VPN Market: Segmentation
The software segment seized the major part in the cloud VPN market in 2019. The virtual private network (VPN) software permits the user to pick a free internet protocol (IP). The use of VPN software also allows in unclogging websites, avoiding limits, and local blackouts and helps in maintaining the flow of live actions, pushing the need for cloud VPN technology. The VPN software also improves the scalability and network safety that leads to the growing demand for software for securing remote access. Therefore, the rising adoption of private clouds augmenting the VPN software segment is further developing bright prospects for the cloud VPN market.
By Connectivity, the remote access connectivity type allows an individual user, situated remotely, to join the enterprise network using private devices, such as tablets, laptops, and smartphones. The remote entrance connectivity type VPN is organized on the cloud infrastructure and can easily be enhanced and managed on the cloud itself. Its use makes it commonly accessible by a group of end-users, and this feature is likely to increase its market size in the cloud VPN connectivity.
In the end-user segment, the public utility and the government sectors are likely to grow at the highest CAGR. In contrast, the telecom and IT sector are projected to have the largest market share. The government and public utility sectors are experiencing a significant modification with the advent of cloud VPN. This sector is predicted to use cloud VPN primarily because of the increased need for safety, secrecy, and compliance across the government and public surveillance. It, in turn, would drive the cloud VPN market during the considered period.
Global VPN Market: Regional insights
North America dominates the cloud VPN market with a share of more than 31%, followed by APAC and Europe. The increasing request for the analytics stage and the increase of machine-to-machine communication has also unlocked doors for cloud solutions in this area. Also, the IT outlay in North America is predicted to grow at 3.7% in 2019, which will further enhance the usage of the cloud VPN solutions market in this region. Furthermore, the development of the e-commerce industry in Canada and the US is also pushing the demand for big data solutions, expanding the cloud VPN market in North America. Thus, the growing sales through e-commerce have raised the necessity for cloud VPN technology to alleviate problems such as cybercrime, KRACK attacks, MitM Attacks, and so on. These factors will further provide rising chances for the cloud VPN market in North America.
The major companies in the market are AirVPN, AnchorFree GmbH, Anthasoft SA DE CV, Array Networks, Inc., Avast Software s.r.o., BlackBerry Limited, Buffered Ltd., Check Point Software Technologies Ltd., Cisco Systems, Inc., Citrix Systems, Inc, Columbitech, Cryptzone, CyberGhost S.A., ExpressVPN, Golden Frog GmbH, Google LLC., IBM Corporation, Juniper Networks, Microsoft Corporation, Mudhook Marketing, Inc. and others.
Ø In October 2017, Radio IP Software Inc. signed a partnership agreement
with Telecom Gears, an IT service and Software Company in Mexico City
specialized in government and commercial projects.
Ø In October 2017, Radio IP Software Inc. signed a partnership agreement with Telecom Gears, an IT service and Software Company in Mexico City specialized in government and commercial projects.
The objective of the Study:
Ø To analyze and estimate the Global VPN Market size, in terms of value.
Ø To examine the market segmentation carefully and estimate the market size, in terms of value, based on the region by segmenting the Global VPN market into tNorth America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their leading countries
Ø To outline, categorize and project the Global VPN Market based on the Software, Connectivity, and End-User.
Ø To study competitive developments like technological advancement, services, and regulatory framework within the Global VPN Market.
Ø To highlight market dynamics such as drivers, restraints, opportunities, and challenges and their impact.
Ø To provide a detailed competitive landscape, including major players, strategic profiles, and market shares.
Business Questions Answered by the Report
Ø How will the market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the market size in terms of value and volume and market statistics with a detailed classification?
Ø Which segment dominates the market or region, and which one will be the fastest-growing, and why?
Ø Who are the key players in the market, and what is their share?
Ø What is the strategy adopted by key players, and how does it affect the existing and new players?
Customization Scope for the Client
Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization as per client’s specific needs. The following customization options are available for the report:
Ø Additional Company Information
Ø Detail Analysis of five additional companies
Ø Additional country analysis
Ø Detailed segment analysis
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