Virtual Private Network Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Virtual Private Network Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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.

A virtual private network (VPN) can be defined as a source that offers secure communication between several members of a group by using public telecommunication infrastructure while maintaining privacy through the usage of a tunnelling protocol with security procedures. Their utilization provides an encrypted link that enables customers to get connected with the public internet network. Frame relay (FR), asynchronous transfer mode (ATM), virtual circuits (VC), and multiprotocol label switching (MPLS) are some of the few technologies used by VPNs. In addition, they mask the internet protocol (IP) address of the users in order to make their online actions virtually untraceable, thus providing greater privacy and security. Therefore, VPNs find large-scale applications across multiple businesses across the globe.

Virtual Private Network Market Trends:
The global market is primarily driven by the widespread adoption of private networks in various industries. With the penetration of high-speed internet connection paving the way for conducting seamless business activities across numerous sectors, the risks of cyber-attacks and data breaches are rising, thereby leading to the increased utilization of VPNs worldwide. Thus, the significant demand to safeguard business transactions and data is driving enterprises toward highly secure technologies, thereby creating lucrative growth opportunities in the VPN market. Also, the shifting preference toward video and web conferencing solutions for communication amid the ongoing pandemic among enterprises is propelling the VPN market toward growth. Other factors, such as widescale adoption of media streaming services, the increasing demand for online and remote education, the escalating incidences of theft of financial and personal information, continual product innovations and extensive research and development (R&D) activities conducted by key players are further providing an impetus to the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global virtual private network market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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).

Key Questions Answered in This Report

1. What was the size of the global virtual private network market in 2022?
2. What is the expected growth rate of the global virtual private network market during 2023-2028?
3. What are the key factors driving the global virtual private network market?
4. What has been the impact of COVID-19 on the global virtual private network market?
5. What is the breakup of the global virtual private network market based on the component?
6. What is the breakup of the global virtual private network market based on the type?
7. What is the breakup of the global virtual private network market based on the deployment mode?
8. What are the key regions in the global virtual private network market?
9. Who are the key players/companies in the global virtual private network market?