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Virtual Private Network Market Technology Developments and Future Growth to 2026 | Microsoft Corporation, Cisco Systems Inc., NetMotion Software Inc.

11-22-2021 11:01 AM CET | IT, New Media & Software

Press release from: Market Insights Reports

The Global Virtual Private Network Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborating market outlook and status (2021-2026). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Virtual Private Network market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The virtual private network market was valued at USD 26.22 million in 2020, and it is expected to reach a value of USD 63.09 million by 2026, registering a CAGR of 15.8% over the forecast period 2021 - 2026. 

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Top Companies in the Global Virtual Private Network Market: Microsoft Corporation, Cisco Systems Inc., NetMotion Software Inc., Radio IP Software Inc., IBM Corporation, Check Point Software Technologies Limited, Golden Frog GmbH, Avast Software S.R.O., CyberGhost S.A. (Kape Technologies PLC), Array Networks Inc., Citrix Systems Inc.

Industry News:

- October 2018 - Mozilla announced its partnerships with ProtonVPN to offer VPN services to security-conscious Firefox users. This partnership will strengthen its product portfolio and generate additional revenue sources to increase its profitability.
- September 2018 - Cisco and Jio announced an extension of their partnership to tap an INR 500 billion enterprise market. Jio has created a complete greenfield Internet Protocol or IP-backed network based on VoLTE technology, and its partnership with Cisco will include IP/MPLS, data center, integrated mobile core, service provider Wi-Fi, contact center, security, and enterprise IT.

Key Market Trends

MPLS Expected to Have Significant Growth

- Due to the growing expansion of enterprises globally, there is a need for secure connectivity among different business units and effective means for data management, which will further boost the adoption of MPLS networks. MPLS offers excellent quality of service in terms of avoiding packet loss and keeping a businesss most crucial traffic flowing.
- Around 79% MNCs have network management as a critical concern for a CIO and the enterprises push the adoptions of networks that are scalable, secure, and flexible enough to accommodate the vast expanding array of services. Around 63% of MNCs opt for outsourcing, including buying managed network and telecom services to achieve overall cost savings and focus on core business competencies.
- The declining ATM/frame-relay is expected to foster the MPLS VPN growth. Businesses are leveraging on MPLS VPN services, as they help them prioritize applications, such as voice over internet protocol (VoIP), by class for service. Additionally, they eliminate the need for specific VPN tunneling, thus, reducing the latency of inter-site transfer.

Segmetation:

Market segment by Type, the product can be split into
Cloud
IP
Multiprotocol Label Switching (MPLS)

Market segment by Application, split into
Access VPN
Intranet VPN
Extranet VPN

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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North America Expected to Hold Significant Market Share

- North America region is expected to hold a significant market share for this market. United States is fed by the increasing rate of cybercrime, presence of strong demand due to its service and I.T. led industry pattern and demand for high-end services and privacy.
- The increasing number of cyber-attacks on enterprises across various business verticals are responsible for the growth of this market. This encourages organizations to implement VPN solutions to shield their company resources from unsanctioned access. There is a huge demand for VPN due to the increasing rate of cybercrime, which is propelling the market growth.
- According to Forbes, around 31% of the organizations in the United States have experienced cyber-attacks on operational technology infrastructure in 2017 and due to this reason organizations are adopting secure and advanced solutions to protect their data.
- Further, a recent report, revealed that 74% of Operational Technology organizations experienced a data breach in 2018. One of the primary reasons being only two third os the organisations surveyed have partial cyber security visibility into operational technology.

Key Reasons to Purchase:
 
- To gain insightful analyses of the market and have comprehensive understanding of the global Virtual Private Network market and its commercial landscape.
 
- Assess the production processes, major issues, and solutions to mitigate the development risk.
 
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
 
- Learn about the market strategies that are being adopted by leading respective organizations.
 
- To understand the future outlook and prospects for the Virtual Private Network market.

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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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