Global Virtual Private Network (VPN) Market to Grow from USD 48.70 Billion in 2023 to USD 149.72 Billion by 2030 at 17.4% CAGR - VPN Market Forecast

◉ According to a new report by Maximize Market Research, the global Virtual Private Network (VPN) Market was valued at USD 48.70 billion in 2023 and is projected to reach USD 149.72 billion by 2030, growing at a compound annual growth rate (CAGR) of 17.4% over the period. Key growth drivers include escalating concerns over data security on public networks, increased remote and hybrid work, and the shift toward cloud-based VPN deployment.

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◉ Key Highlights
Market Size & CAGR: USD 48.70 billion in 2023; forecast to reach USD 149.72 billion by 2030; CAGR of 17.4%.

By Type Segments: Includes Site-to-Site, Remote Access, Extranet, and Others. The Extranet type segment is expected to grow at ~15.4% CAGR during 2024-2030. Remote access also shows strong growth.

Deployment Mode: Segmented into Cloud and On-Premise. Cloud deployment is expected to grow rapidly (≈ 17.6% CAGR) due to lower maintenance and cost efficiencies.

Regional Leaders & Fastest Growing Regions: North America is projected to dominate with the largest market share (~41% by 2030). Asia-Pacific is expected to be one of the fastest growing regions (CAGR ~16.1%).

Key Drivers & Trends:
‒ Increasing cybersecurity threats and data breaches, pushing demand for secure VPN solutions.
‒ The rise of remote and hybrid working models, which increases reliance on remote access VPNs.
‒ Growing preference for cloud-based VPNs to reduce overhead costs and simplify deployment.

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◉ Market Outlook
Type and Connectivity Insights
The Extranet segment is rising in importance as businesses extend internal applications, services, and data access to external partners, vendors, and customers. Such sharing requires secure channels, fueling extranet-type VPN adoption.

Remote Access and Site-to-Site VPN types remain core, especially with remote workforce growth and distributed teams. Remote access demand is especially strong for individuals and enterprises that must access corporate networks from outside the office.

Deployment Mode Evolution
Cloud Deployment: Becoming the preferred option for many organizations due to ease of scalability, lower upfront infrastructure investment, and reduced maintenance. The cloud-VPN segment shows strong projected growth.

On-Premise Deployment: Still relevant for organizations with high security or regulatory demands, legacy systems, or where control over hardware and data is critical. But its growth is comparatively slower.

◉ Regional Insights
North America is expected to hold the largest share of the VPN market by 2030 (≈ 41%), driven by high demand from telecom, BFSI (banking, financial services & insurance), and other enterprise verticals.

Asia-Pacific is forecasted to grow rapidly, supported by increasing adoption of mobile VPNs, cloud services, and rising awareness about internet privacy and security. Countries like China and India are key contributo

To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-virtual-private-network-vpn-market/62091/
◉ Key Players
While the specific names of all market participants are numerous, the report highlights major VPN solution providers and technology firms that offer remote-access VPNs, site-to-site and extranet services, cloud VPN offerings, hardware & software components, and support services. Key companies include established cybersecurity and networking firms that prioritize secure connectivity, remote work enablement, and cloud deployment.

Quote
"VPN technology is no longer a niche tool-it's become foundational for how businesses ensure secure connectivity in a dispersed, cloud-oriented world," said a lead analyst at Maximize Market Research. "A projected 17.4% CAGR through 2030 underscores both the urgency of data security and the opportunity for VPN providers to innovate, especially in cloud deployment, remote access, and scalable extranet solutions."

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◉About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.