Virtual Private Network Market Understanding the Impact of Artificial Intelligence on the Market in 2023-2031

Virtual Private Network (VPN) enables a user to connect to a private network on the internet securely and privately. It forms an encrypted connection known as VPN tunnel where all internet traffic & communication is distributed through this secure tunnel. Increase in data security concerns, rise in advanced & complex cyber threats, and upsurge in usage of mobile & wireless devices within organizations are the major factors that fuel the growth of the virtual private network market. In addition, increase in need for remote accessibility propels the growth of this market. However, lack of expertise in virtualization is expected to hinder the VPN market growth. On the contrary, increased adoption of private clouds is expected to provide lucrative opportunities for the market growth in the coming years.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

The virtual private network market is segmented on the basis of component, type, deployment, end users, and region. By component, the market is categorized into solution and services. As per type, market is divided into remote access VPN, site-to-site VPN, and others. On the basis of deployment, it is classified into cloud and on-premise. Depending on end user, it is bifurcated into commercial users and individual users. Commercial users are further separated into sub-segments such as BFSI, telecom & IT, government, healthcare, manufacturing, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key benefits for stakeholders
- The study provides in-depth analysis of the global virtual private network market along with the current & future trends to explain the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analyses on the market size is provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global virtual private network market from 2019 to 2027 is provided to determine the market potential.

Key market players
- Avast Software S.R.O.
- Cisco Systems Inc.
- IBM Corporation
- Juniper Networks
- Microsoft Corporation
- NetMotion Software Inc.
- Radio IP Software Inc.
- NordVPN
- Checkpoint Software Inc.
- Golden Frog, GmbH

Key market segments

By Component
- Solution
- Services

By Type
- Remote Access VPN
- Site-to-Site VPN
- Others

By Deployment
- Cloud
- On-premise

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By End User
- Commercial Users
o BFSI
o Manufacturing
o Healthcare
o Telecom & IT
o Government
o Others
- Individual Users

By Region
- North America
o U.S.
o Canada
- Europe
o UK
o Germany
o France
o Rest of Europe
- Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
- LAMEA
o Latin America
o Middle East
o Africa

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