Virtual Private Network Market Analysis, Development, Growth Factors And Significant Industry Key Players - Check Point Software Technologies, Cisco Systems, Golden Frog, Juniper Networks

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Virtual Private Network Market Size, Growth Rate, And Forecast

The global virtual private network (VPN) market size grew from $45.72 billion in 2022 to $54.00 billion in 2023 at a compound annual growth rate (CAGR) of 18.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The virtual private network (VPN) market size is expected to grow to $109.17 billion in 2027 at a CAGR of 19.2%.

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Virtual Private Network Market Drivers

The increase in cyberattacks is expected to drive the growth of the virtual private network market in the coming years. Cyberattacks have been ranked as the fifth most important threat in 2020 and are expected to become the new norm in both the public and commercial sectors. Additionally, cyberattacks are anticipated to develop even more in 2021, with IoT cyberattacks alone projected to double by 2025. VPN technologies are being adopted by major corporations as they securely transfer data and reduce the risk of cyberattacks. For instance, according to the World Economic Forum's 2020 Global Risk Report, cybercrime has increased 600% as a result of the COVID-19 outbreak, encompassing everything from theft and embezzlement to data hacking and destruction. Therefore, the rising cyberattacks propels the growth of the virtual private network market.

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Virtual Private Network Market Segments

• By Type: IP VPN, Mobile VPN, Cloud VPN, Multiprotocol Label Switching (MPLS)

• By Component: Solution, Services

• By Connectivity: Site-To-Site, Remote Access, Extranet

• By Deployment: Cloud, On-Premise

• By End-User: BFSI, Manufacturing, Healthcare, Telecom And IT, Government, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the virtual private network market.

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Virtual Private Network Market Key Players
Major competitors in the virtual private network (VPN) market are Check Point Software Technologies, Cisco Systems, Golden Frog, Juniper Networks, Microsoft Corporation, Safer Social Ltd., Avast, Citrix Systems, Columbitech, Google

The Business Research Company's "Global Virtual Private Network Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Virtual Private Network Market Include:
1. Executive Summary
2. Virtual Private Network Market Characteristics
3. Virtual Private Network Market Trends And Strategies
4. Virtual Private Network Market - Macro Economic Scenario
5. Virtual Private Network Market Size And Growth
………………
27. Virtual Private Network Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Virtual Private Network Market
29. Virtual Private Network Market Future Outlook and Potential Analysis
30. Appendix

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