Virtual Private Network (VPN) Market Growth Focusing on Trends & Innovations during the Period | Global Key Players - Microsoft Corporation, Private Internet Access, CyberGhost S.A., NordVPN, Purevpn, IPVanish, Golden Frog GmbH and Buffered VPN

Virtual Private Network Market Overview:
Virtual private network (VPN) is the term generally used to describe a communication network. The operating principle of a VPN is that, instead of using a dedicated connection, a virtual network is established between geographically dispersed networks and end users in a shared public network, such as the internet. In the VPN software system, data is transmitted as if it were going through private connections. VPNs, by forming a virtual communication network, isolate the private network and, therefore, it is much less likely that the system will be attacked from the outside world. The VPN network offers an option independent of the selection of the communication network. Using the VPN software, a user can choose an IP-independent address space. In addition, VPN software is useful for unlocking websites, bypassing local restrictions and power outages, and broadcasting live events. In this way, the VPN software improves the security and scalability of the network.

The size of the Virtual Private Network (VPN) Market was USD 1265 million in 2017 and is expected to reach USD 1950 million by 2022, which represents an average annual growth rate of 4.77% between 2017 and 2022.

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Drivers and restraints:
It is expected that the significant increase in the number of cyber-attacks and the increased demand for cloud-based security solutions will increase the overall virtual private network software market over the foreseen period. In addition, it is expected that the demand for virtual communication networks by the end user will stimulate market growth in the near future. However, the lack of standardization of VPNs and data protection are major obstacles that hamper the growth of the market worldwide. The demand for secure remote access and the increasing adoption of private clouds are expected to create lucrative market opportunities for VPN software providers during the forecast period.

Geographical segmentation:
The regional analysis of virtual private network market is being studied for regions such as Asia Pacific (China, Japan, India), North America (U.S, Mexico, Canada), Europe (U.K, Germany) and Rest of the World. North America is the leading region across the world in terms of market share. The virtual private network market in this region has a huge demand due to the increasing rate of cybercrime, propelling the market growth to a large extent. The market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, the Asia Pacific with countries such as China, Japan, and India, is an emerging market for virtual private network and is expected to register the highest CAGR in the coming years.

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Key Players of Virtual Private Network Market
Some of the prominent players in the global virtual private network market are Microsoft Corporation (U.S), Private Internet Access (U.S), CyberGhost S.A. (Romani), NordVPN (Panama), Purevpn (Hong Kong), IPVanish (U.S), Golden Frog, GmbH (Switzerland), Buffered VPN (Hungary), SaferVPN (Israel), NetGear, Inc. (U.S) and others.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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