Virtual Private Network (VPN) Market Expected to Raise at CAGR of 14.2% by 2020-2027 | Microsoft Corporation, Private Internet Access, CyberGhost S.A.

The global hydroquinone market is expected to reach USD 71.33 Billion by 2027, according to a new report by Reports and Data. The market demand for virtual private networks (VPN) market is witnessing growth on account of increasing data-breaches, owing to the offering of a private and secure network by VPN for providing access to individuals.

Additionally, there has been an increasing demand for consumer-grade VPNs following the imposition of national quarantines all across the globe, resulting in several individuals using VPN apps bypass geo-fenced content while surfing the internet. For instance, NordVPN has observed a 165.0% increase in users, whereas Atlas VPN has stated a 124.0% growth in VPN usage amongst its U.S. user base.

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The research study examines the Virtual Private Network (VPN) Market and the impact of COVID-19 observed on the overall sector. The pandemic has affected the global industry extensively. The current changes in the business setting and the future effects of the outbreak are assessed in the report.

The emerging and present key participants in the Virtual Private Network (VPN) market are:

Microsoft Corporation, Private Internet Access, CyberGhost S.A., Nord VPN, Netgear Inc., AWS, Huawei, Century Link Google, and Rackspace, among others.

Profitability scope and Prospects

The key participants who have shown tremendous growth in the Virtual Private Network (VPN) market have been included in the report. In the report, data from 2016 to 2018, shows that some of the companies have shown enormous sales revenues, with the net revenue being doubled and the profits continually increasing. The profitability of the products being sold by the company indicates the influence and competitive advantage these companies have over the others.

For the purpose of this report, Reports and Data have segmented into the global Virtual Private Network (VPN) market on the basis of pipeline stages, deployment type, organization size, component, industry vertical, and region:

Component Outlook (Revenue, USD Million; 2017-2027)

Hardware
Software
Services

Type Outlook (Revenue, USD Million; 2017-2027)

IP (Internet Protocol)
MPLS (Multiprotocol Label Switching)
Cloud VPN
Mobile VPN

Organization Size Outlook (Revenue, USD Million; 2017-2027)

Small & Medium Sized Enterprises
Large Enterprises

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Industry Vertical Outlook (Revenue, USD Million; 2017-2027)

IT & Telecommunication
BFSI
Manufacturing
Government
Utilities
Healthcare
Others

Regional Outlook (Revenue in USD Million; 2016–2027)

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest

-By type, MPLS (Multiprotocol Label Switching) contributed to the largest market share in 2019 and is likely to grow at a rate of 13.9% in the forecast period. MPLS aids in shaping network traffic flows, increasing speed, and enhancing network performance. It helps in allowing users to operate numerous applications through a single network infrastructure.

-By organization size, large enterprises held a larger market share in 2019. VPN offers several benefits to improve online security from government, hackers, and telephony operator per DNS Leakage, among others. VPN allows stakeholders of a large enterprise to access information from any part of the world.

-By industry vertical, BFSI dominated the market in 2019 and is expected to have a CAGR of 14.7% in the forecast period. Banking, financial services, and insurance service providers use VPN services to implement security measures to safeguard vital customer/client data when accessing online services.

-The market in the Asia Pacific region contributed to the largest market share in is estimated to grow at a rate of 15.5% in the period 2020-2027. The marker dominance of the APAC is attributed to the ubiquity of internet connectivity in the region as well as the increasing government initiatives for digitalization in the emerging countries such as India, in the region.

-In August 2019, Rackspace Inc., a leading market player, declared new offerings intended to aid its customers in managing hybrid cloud deployments. The Company is experiencing a substantial hybrid cloud movement and has allocated more than USD 1.00 trillion for cloud and related IT services…Continued

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Objectives of the study:

Our panel of expert analysts specializing in the value chain has conducted an exhaustive, industry-wide study to offer readers accurate insights into the future of the Virtual Private Network (VPN) market and give key market players authentic information derived via both primary and secondary sources of data collection. Additionally, the report also comprises of inputs from our consultants, which can help companies make the most of the available market opportunities. It also offers a detailed breakdown of the sales of Virtual Private Network (VPN) and the factors that could potentially influence the growth of the industry. The information provided in this report will be able to help readers capitalize on the available growth.

The Virtual Private Network (VPN) report addresses the following questions:

>Understand the demand for global Virtual Private Network (VPN) to determine the viability of the market.

>Identify the developed and emerging markets where Virtual Private Network (VPN) are offered.

>Identify the challenge areas and address them.

>Develop strategies based on the drivers, trends and highlights for each of the segments.

>Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.

>Recognize the key competitors of this market and respond accordingly.

>Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.

>Define the competitive positioning by comparing the products and services with the key players in the market.

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