Virtual Private Network Market Share, Trends, Industry Analysis, Report, 2022-2027

The latest research study "Virtual Private Network Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global virtual private network market reached a value of US$ 31.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 77.8 Billion by 2027, exhibiting a CAGR of 15.60% during 2022-2027.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Virtual private networks (VPNs) refer to a source that enables secure communication between multiple group members while maintaining privacy by using a tunneling protocol with security procedures. They provide an encrypted link that allows customers to connect to the public internet network.

Some common technologies utilized by VPNs include virtual circuits (VC), frame relay (FR), asynchronous transfer mode (ATM), and multiprotocol label switching (MPLS). They offer high privacy and security by masking the internet protocol (IP) address of the users to make their online actions virtually untraceable. As a result, VPNs are gaining immense traction among businesses for large-scale applications across the globe.

Virtual Private Network Market Trends and Drivers:

The global virtual private network market is primarily driven by the increasing product applications in numerous industries due to the rising risks of cyberattacks and data breaches and surging penetration of high-speed internet.

Moreover, the shifting consumer preferences toward video and web conferencing solutions for communication amid the coronavirus disease (COVID-19) outbreak is positively influencing the market growth. Additionally, the escalating demand for highly secure technologies to safeguard business transactions and data has catalyzed market growth.

Besides this, the surging adoption of media streaming services is contributing to market growth. Furthermore, the increasing incidences of theft of financial and personal information have augmented the product demand. Other factors, including the growing demand for online and remote education, ongoing research and development (R&D) activities, and product innovations, are also anticipated to drive the market further.

Global Virtual Private Network Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Array Networks Inc., Avast Software s.r.o., BlackBerry Limited, Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., CyberGhost S.R.L., Google LLC, International Business Machines Corporation, Juniper Networks Inc., Microsoft Corporation and NetMotion Software (Absolute Software Corporation).

The report has segmented the market on the basis of region, component, type, deployment mode and end use industry.

Breakup by Component:
• Hardware
• Software and Services

Breakup by Type:
• Remote Access VPN
• Site-to-Site VPN
• Others

Breakup by Deployment Mode:
• On-premises
• Cloud-based

Breakup by End Use Industry:
• BFSI
• Healthcare
• IT
• Government
• Manufacturing
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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