What's Driving the Virtual Private Network Market Outlook? Anchorfree Gmbh, Avast Software s.r.o, Blackberry, Cisco, Google, IBM, Juniper Networks, Microsoft, Opera Software, WatchGuard Technologies, Inc.

Rising adoption across a number of industry verticals will drive virtual private network market trends over the next few years. Organizations have increasingly begun using VPN technology to help offer remote access to several resources of the company and improve their network connectivity. The technology can be essentially used to encrypt data that is originally transferred to the public network in order to protect the sensitive information of the company.

Global virtual private network market is expected to surpass USD 54 billion by the year 2024. Moreover, with the advent of internet and technology, there has been a rise in the incidences of advanced cyber-attacks that have induced the demand for such VPN technologies. Various firms are seeking solutions for the protection of the transactions they keep a record of and have processed over networks that are untrusted.

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Trends like BYOD have been experiencing a wide adoption across industries which has helped promote the growth IoT devices being deployed. Employees are allowed to connect their devices with the company's network which exposes the firm to several security problems and makes such companies prone to data thefts and frauds.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Anchorfree Gmbh
2. Avast Software s.r.o
3. Blackberry Limited.
4. Cisco Systems, Inc.
5. Google, Inc.
6. IBM Corporation
7. Juniper Networks, Inc.
8. Microsoft Corporation
9. Opera Software
10. WatchGuard Technologies, Inc.

VPN technologies will help the companies encrypt information from the employee devices as well as scan for any trojans & malware for the protection the data of the company from any unauthorized access. A veritable explosion in the use of wireless and mobile devices has been majorly contributing to the steady growth of virtual private network market forecast.

Significant improvements in the speed as well as the reducing prices of the internet will encourage the adoption of mobile phones by consumers and businesses.

Steady decline in the ATM or the frame-relay industry has been expected to fuel the rise of the MPLS industry. Major companies and organizations have been using the multiprotocol label switching (MPLS) solutions in order to keep the applications on priority by class of service. MPLS market size had reached more than 40% of revenue share in the year 2017.

A paradigm shift towards virtual applications as well as the rise in the demand for cloud services have boosted the growth of the cloud market. The cloud virtual private network market share will observe a growth of 21% CAGR over between 2018-2024.

Mobile VPN market share is expected to grow at a rate of 17% during the forecast time period. This will be credited to the increasing cases of cybercrime activities that resulted in the companies adopting the solutions pertaining to VPN solutions in order to protect the company resources.

Commercial segment comprises healthcare, manufacturing, government verticals, BFSI and IT. Several healthcare institutions have been integrating VPN solutions in order to safeguard sensitive information of the patient and digital recordkeeping. Commercial segment in VPN market is slated to increase at the CAGR of more than 15% over the analysis period.

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The consumer market has experienced a significant growth owing to the penetration of the internet and an extensive adoption of mobile phone devices. Virtual private network market share from the consumer applications is anticipated to register more than 20% CAGR over the coming years.

VPN products and services are used by the consumers to be able to access content bound by certain restrictions as well as protect their devices from any unauthorized access.

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