SSL VPN Market Projected to Reach $5,328 Million by 2023

The global SSL VPN market was valued at $3,077 million in 2016, and is projected to reach $5,328 million by 2023, growing at a CAGR of 7.5% from 2017 to 2023. The thin-client mode of remote access segment is anticipated to grow at the highest growth rate during the forecast period.

North America was the highest revenue contributor to the market in 2016, owing to infrastructural development and increase in adoption of SSL VPN. Asia-Pacific SSL VPN market is expected to grow at the highest rate during the forecast period, owing to considerable economic growth in Southeast Asia, India, & other economies and increase in bring-your-own-device (BYOD) trend.

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The large-scale organization segment contributed the highest share of global SSL VPN market, accounting for $1,992 million in 2016, and is projected to grow at a CAGR of 7.3% during the forecast period. The SMEs segment is projected to grow at the highest rate of 8.0% during the forecast period.

SSL VPN technology witnessed high demand across the world, especially in the Americas and European countries. High internet penetration, rise in BYOD trend, change in dynamics of businesses owing to expansion and globalization, and high investments from the organizations to offer secure and authenticated access to the data have positively impacted on the growth of the SSL VPN market. Rise in cyber-crimes, unauthorized access of data by intruders, high costs of security mechanism installments, and cost-effective benefits of SSL VPN are expected to offer growth opportunities for the market among large organizations and SMEs all across the world.

The report features a competitive scenario of the global SSL VPN industry and provides a comprehensive analysis of key growth strategies adopted by the major players.

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Dominating Market Players Profiled in this Study:

•Cisco Systems Inc.
•Citrix Systems Inc.
•Pulse Secure LLC
•F5 Networks Inc.
•Barracuda Networks Inc.
•H3C Technologies Co. Ltd.
•Array Networks Inc.
•Check Point Software Technologies Ltd.
•QNO Technology Inc.
•Symantec Corporation

Major Findings of the SSL VPN Market:

•The tunnel mode of remote access segment accounted for the highest share of the global SSL VPN industry in 2016, growing at a CAGR of 7.7% from 2017 to 2023.

•The large organization segment generated the highest share of revenue in 2016, and is projected to grow at a rate of 7.3%.

•The North American SSL VPN market generated the highest share, accounting for $1,006 million in 2016.

•SSL VPN market for small & mid-size organizations is expected to witness the highest growth during the forecast period.

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The SSL VPN market is in its maturity phase, and is expected to grow at rate of 7.5% during the forecast period. Organizations are more focused towards data privacy and security while providing remote access to the employees, business partners, and customers. The North American SSL VPN market was the highest shareholder, in terms of revenue, while Asia-Pacific is expected to witness the highest growth during the forecast period.

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