Virtual Private Network Market to Reach US$ 89.3 Billion by 2028, at a 15.1% CAGR | IMARC Group

IMARC Group, a leading market research company, has recently releases report titled "Virtual Private Network Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global virtual private network market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Virtual Private Network Market?

The global virtual private network market size reached US$ 36.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 89.3 Billion by 2028, exhibiting a growth rate (CAGR) of 15.1% during 2023-2028.

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What is Virtual Private Network?

A virtual private network (VPN) represents a tool that facilitates secure communication among multiple individuals within a group. It operates over public telecommunication infrastructure but ensures privacy by employing a tunneling protocol with security measures. By establishing an encrypted connection, VPNs enable users to connect to the public internet while safeguarding their data. VPNs employ various technologies such as Frame Relay (FR), Asynchronous Transfer Mode (ATM), Virtual Circuits (VC), and Multiprotocol Label Switching (MPLS). Moreover, VPNs conceal users' internet protocol (IP) addresses, making their online activities nearly untraceable and enhancing their privacy and security. Consequently, VPNs are widely utilized by businesses worldwide.

What are the growth prospects and trends in the virtual private network industry?

The global market is experiencing substantial growth due to the widespread adoption of private networks in various industries. The increasing availability of high-speed internet connections has facilitated seamless business activities across multiple sectors. However, this has also led to a rise in the risks of cyber-attacks and data breaches, prompting a surge in the use of VPNs worldwide.

As a result, there is a significant demand for secure technologies to safeguard business transactions and data, creating profitable opportunities in the VPN market. Furthermore, the ongoing pandemic has caused a shift in communication preferences among enterprises, with a greater reliance on video and web conferencing solutions. This trend has further fueled the growth of the VPN market.

Additionally, factors like the widespread adoption of media streaming services, the growing demand for online and remote education, and the increasing incidences of financial and personal information theft contribute to the market's expansion.

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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

Who are the key players operating in the industry?

The report covers the major market players including:

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).

If you want latest primary and secondary data (2023-2028) 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 (2017-2022)
• Market Outlook (2023-2028)
• 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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