Press Release

Virtual Private Network (VPN) Market Thrives as Enterprises Prioritize Data Security Amid Rising Concerns

A recent research study by MarkNtel Advisors reveals that the Global Virtual Private Network (VPN) Market is set to register around 17% CAGR during 2023-28. Growing concerns of enterprises over the security of the data being transferred over a public internet connection, the mounting prevalence of cyberattacks, and the increasing demand for cloud-based security solutions are projected to drive the market in the future. Enterprises of all sizes operating in various end-user verticals are increasingly looking for effective data management and uninterrupted & secured connectivity between different business units in order to maintain collaboration with clients & partners, streamline their operations, and become more efficient & result-oriented.

As a result, they have started integrating VPNs into their business processes as these solutions keep the most critical traffic flowing while avoiding packet loss and ensuring full-time, high-speed, & secure connectivity. Hence, the ever-rising adoption of VPN solutions, especially by the IT & telecommunications industry, to minimize costs and improve the quality of business functions is creating lucrative prospects for the leading companies operating in the Global Virtual Private Network (VPN) Market.

Remote Access & Site-to-Site hold the Largest Market Share

The growing number of franchised dealers and the surging demand for seamless connectivity are driving the Virtual Private Network (VPN) Market, majorly for remote access & site-to-site connections, which offer optimized bandwidth & data comparison. In addition, the mounting proliferation of mobile VPN devices and the ever-increasing requirements for remote accessibility is further amplifying the demand for remote VPN solutions worldwide, i.e., helping organizations comply with security regulations and, in turn, spurring growth in the Virtual Private Network (VPN) Market.

North America to dominate the Virtual Private Network (VPN) Market through 2028

The well-established service & IT-led sector, the growing demand for high-end services, and the ever-increased need for user privacy, especially in the US, are driving the North America Virtual Private Network (VPN) Market. It owes to the rapidly rising incidence of cybercrime & data breaches across enterprises and, consequently, the immense demand for VPN solutions, which is why several organizations are increasingly opting for secure & advanced VPN solutions to protect their data & business resources from unsanctioned access.

Moreover, the enactment of data privacy regulations like consumer privacy legislation by various firms, which require them to implement different measures to protect personal data, including VPNs, is also expected to boost the regional market in the future.

Competitive Landscape

The key companies in the Global Virtual Private Network (VPN) Market include Avast Software s.r.o., Citrix Systems, Inc., NordVPN, Radio IP Software, CyberGhost S.R.L, Cisco Systems, Inc., IBM Corporation, Google LLC, NetMotion Software, Juniper Networks, Checkpoint Software Inc., Opera Norway AS, WatchGuard Technologies, Inc., Microsoft Corporation, BlackBerry Limited, Array Networks, Inc., and TunnelBear Inc.

Key Questions Answered in the Research Report:

1. What are the current & future trends in the Global Virtual Private Network (VPN) Market?
2. How has the industry been evolving in terms of geography & product adoption?
3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Virtual Private Network (VPN) Market?
5. What are the customer orientation, purchase behavior, and expectations from the leading players operating in the Global Virtual Private Network (VPN) Market?

Market Segmentation:

1. By Component (Solution, Services)
2. By Type (Site-to-Site, Remote Access, Extranet)
3. By Deployment (Cloud, On-Premise)
4. By End-User (Commercial, Individual)
5. By Region (North America, South America, Europe, Middle East & Africa, Asia- Pacific)
6. By Country (The US, Canada, Mexico, Brazil, Argentina, Germany, Spain, The UK, France, Russia, Italy, Saudi Arabia, the UAE, Turkey, Egypt, South Africa, China, India, Japan, South Korea, Australia, Thailand)