Secure Connections: Navigating the Virtual Private Network (VPN) Market Landscape || 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

The Business Research Company's Virtual Private Network (VPN) Global Market Report 2023 identifies 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.

The global virtual private network (VPN) market size will grow 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 market size of the virtual private network (VPN) is expected to grow to $109.17 billion in 2027 at a CAGR of 19.2%.

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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.

A key trend in the Virtual Private Network (VPN) market includes growing technological advancements. The virtual private network providers are increasing investments in VPN technologies to provide fast and uninterrupted internet connectivity and remote accessibility. For instance, in 2020, Microsoft Corporation, a US-based technology company has integrated advanced features in its VPN Gateway. This Microsoft Azure VPN Gateway connects the user's surrounding networks via site-to-site VPNs, similar to how the user connects to a remote branch office. In operating systems such as Linux and Windows, this feature allows an end-user from a remote location to maintain user profiles in the central database.

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The virtual private network (vpn) market is segmented -

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

2) By Component: Solution, Services

3) By Connectivity: Site-To-Site, Remote Access, Extranet

4) By Deployment: Cloud, On-Premise

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

6) 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 (VPN) market.

The Business Research Company's "Global Virtual Private Network (VPN) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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

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