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Virtual Private Network (VPN) Market Size, Share, Growth, Industry Forecast Report 2033
Virtual Private Network (VPN) Market Size
As per the report, the virtual private network (vpn) market size has grown rapidly in recent years. It will grow from $53.23 billion in 2023 to $62.73 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The virtual private network (vpn) market size is expected to see rapid growth in the next few years. It will grow to $125.94 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%.
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The Surge In Cyberattacks Fueling Growth In The Virtual Private Network (VPN) Market
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 virtual private network market growth.
Technological Advancements Reshaping The Vpn Market
Growing technological advancements are gaining the popularity in the virtual private network (VPN) market. The virtual private network providers are increasing investments in VPN technologies to provide fast and uninterrupted internet connectivity and remote accessibility. For instance, in March 2023, Brave Software Inc., a Canada-based provider of internet privacy tools, introduced its Firewall + VPN service for desktops, complementing its existing VPN services on Android and iOS. This expansion enables users to enjoy comprehensive cross-platform security. The novel cross-device VPN subscription model permits users to connect and safeguard up to five devices, encompassing Android, iOS, macOS, and Windows, all under one subscription.
The virtual private network (vpn) market covered in this report 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
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Major companies operating in the virtual private network (vpn) market report are Check Point Software Technologies Ltd., Cisco Systems Inc., Golden Frog GmbH, Juniper Networks Inc., Microsoft Corporation, Safer Social Ltd., Avast Software s. r. o., Citrix Systems Inc., Sectra AB, Google LLC, International Business Machines Corporation, NetMotion Software Inc., WatchGuard Technologies Inc., Array Networks Inc., NCP Engineering GmbH, BlackBerry Limited, Smith Micro Software Inc., GZ Systems Ltd., ExpressVPN International Ltd., NordVPN S. A., Surfshark Ltd., London Trust Media Inc., CyberGhost S. A., Mudhook Media Inc., J2 Global Inc., VPNetworks LLC, ProtonVPN AG, eVenture Limited, Windscribe Limited, Mullvad AB, Edalia Srl, Perfect Privacy LLC
Contents of the report:
1. Executive Summary
2. Virtual Private Network (VPN) Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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