
Global Virtual Private Network (VPN) Market Research Report: Forecast (2023-2028)
By Component (Solution, Services), By Type (Site-to-Site, Remote Access, Extranet, Others), By Deployment (Cloud, On-Premise), By End-User (Commercial, Individual), By Region (Nort...h America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (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., TunnelBear Inc) Read more
- ICT & Electronics
- May 2023
- 185
- PDF, Excel, PPT
Market Definition
A VPN (Virtual Private Network) provides an encrypted connection for consumers to connect to the public internet connections. Several organizations worldwide rely on these secure connections to ensure that only designated users have access to their networks remotely.
Market Insights & Analysis: Global Virtual Private Network (VPN) Market (2023-28)
The Global Virtual Private Network (VPN) Market is projected to grow at a CAGR of around 17% during the forecast period, i.e., 2023-28. The growth of the market is projected to be driven mainly by the ever-rising concerns across enterprises over the security of the data being transferred over a public internet connection, the mounting number of cyberattacks, and the burgeoning demand for cloud-based security solutions. Enterprises of all sizes operating in various end-user verticals are increasingly seeking effective means of data management & secured connectivity between different business units, along with uninterrupted connectivity in order to maintain collaboration with clients & partners globally.
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2018-21 |
Base Year: 2022 | |
Forecast Period: 2023-28 | |
CAGR (2023-2028) | 17% |
Regions Covered | North America: US, Canada, Mexico |
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
South America: Brazil, Argentina, Rest of South America | |
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA | |
Key Companies Profiled | 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., TunnelBear Inc |
Unit Denominations | USD Million/Billion |
VPNs offer excellent service quality in terms of keeping the most critical traffic flowing for businesses while avoiding packet loss and ensuring full-time, high-speed, & secure connectivity. Using a virtual private network does not require permanent links between end nodes, which are often associated with contract negotiations & monthly fees. Another significant advantage of VPNs over frame relays or leased lines is that they do not require any specialized equipment and thus can potentially serve as an economical source of tunneling, encryption, authentication, as well as access control services to carry traffic over a managed IP network or internet.
As a result, it is becoming crucial to minimize costs and improve the quality of business functions, particularly for the companies operating in the IT & Telecom sector, in order to survive in a competitive business environment. Therefore, the dramatically rising demand for VPN solutions from across the IT & telecommunications industry would drive the virtual private network (VPN) market globally through 2028. Several companies worldwide operating in different end-user verticals have started integrating VPNs into their business processes in order to streamline their operations and become more efficient & result-oriented.
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Global Virtual Private Network (VPN) Market Key Drivers:
Rapidly Rising Instances of Cyber Attacks across Different End-User Verticals - The ever-growing incidence of cyberattacks worldwide as people visiting public places log into unsecured Wi-Fi networks has raised severe safety concerns and, in turn, created the need for deploying virtual private networks across several businesses since hackers target persons who join susceptible hotspots & gain access to unsecured networks. Hence, the need for the implementation of VPNs and powering the encryption offered by them in order to defend the public from malicious action are driving the Global Virtual Private Network (VPN) Market.
Global Virtual Private Network (VPN) Market Possible Restraint:
Restrained Spending by Businesses Post-Pandemic - After the advent of Covid-19, many organizations have dramatically cut down their expenditure. Among all industries, the IT sector has been severely hit by this reduced spending, which, in turn, has notably slowed down sales cycles and disrupted the expansion across the overall information security industry, as organizations are becoming more hesitant about acquiring or continuing paid VPN solutions or services. Hence, these aspects are hampering the growth of the Global Virtual Private Network (VPN) Market.
Global Virtual Private Network (VPN) Market (2023-28): Segmentation Analysis
Global Virtual Private Network (VPN) Market report by Markntel Advisors includes segmentation analysis based on Type, and Deployment. This breakdown allows businesses to identify specific market segments and tailor their marketing and product strategies accordingly, maximizing their chances of success in the Global Virtual Private Network (VPN) Market.
Based on Type:
- Site-to-Site
- Remote Access
- Extranet
- Others
Of them all, remote access & site-to-site accounted for the largest share of the Global Virtual Private Network (VPN) Market. It owes to the rapidly increasing number of franchised dealers in the market and the mounting need for ensuring seamless connectivity. Remote access & site-to-site connections provide optimized bandwidth & data comparison. The growing proliferation of mobile VPN devices and the rising requirements for remote accessibility are driving the demand for remote VPN solutions worldwide, which are helping organizations in complying with security regulations.
Based on Deployment:
- Cloud
- On-Premise
Here, the cloud segment holds a prominent market share, owing mainly to the growing need of companies to reduce maintenance & costs. The leading players in the industry are providing enterprises with cloud-based VPN solutions integrated with a secure gateway and private on-premise access to cloud resources, thereby helping them establish a private cloud computing environment on shared public cloud infrastructure. With these solutions, organizations have control over granting or blocking access for customers to particular resources through specific applications or IP addresses.
Also, cloud infrastructure resources, including storage, virtual servers, & networking, can be deployed dynamically to help customers adapt to the changes according to their business requirements. Moreover, benefits like reduced costs and lower maintenance are also instigating enterprises to adopt cloud-based VPN solutions so they can focus on attaining core competencies & prime business goals. Hence, these aspects are driving the demand for virtual private cloud solutions and, in turn, spurring growth in the Global Virtual Private Network (VPN) Market.
Global Virtual Private Network (VPN) Market Regional Projection
On the geographical front, the Global Virtual Private Network (VPN) Market expands across:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Among all regions globally, North America is projected to dominate the Virtual Private Network (VPN) Market during 2023-28. It ascribes to its service & IT-led sector, coupled with the mounting demand for high-end services and the ever-increased need for user privacy, owing to which the US is witnessing rapidly rising instances of cybercrime & data breaches across various enterprises, and thus strong demand for VPN solutions. As a result, organizations are increasingly adopting secure & advanced VPN solutions to protect their data & business resources from unsanctioned access.
Several enterprises in the US have enacted data privacy regulations like consumer privacy legislation, which require them to implement different measures to protect personal data, including VPNs. In addition, the US government has launched several cybersecurity initiatives toward shielding critical infrastructure & businesses from data breaches & cyberattacks, which, in turn, has raised awareness of cybersecurity threats and the need for secure online access, i.e., augmenting the adoption of VPN solutions across various end-user verticals, especially IT & Telecom and BFSI sectors and driving the North America Virtual Private Network (VPN) Market.
Global Virtual Private Network (VPN) Industry Recent Developments
- In November 2022, RadioIP, one of the leaders in secure mobile communications, partnered with NextNav, the leader in vertical location positioning, to empower its industry-leading VPN solutions with mission-critical z-axis location intelligence.
- The same year in June, NordVPN announced a new feature, Meshnet, to allow users to connect directly to other devices instead of routing their traffic through a VPN server.
- In May 2022, Microsoft announced a built-in VPN feature in its Edge browser, ‘Edge Secure Network,’ powered by Cloudflare and would offer limited free data to users. This new feature would serve as a dedicated browser VPN, and its security functionalities include encrypting browser traffic even when visiting HTTP websites and changing IP addresses & online locations.
Gain a Competitive Edge with Our Global Virtual Private Network (VPN) Market Report
- Global Virtual Private Network (VPN) Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
- This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
- Global Virtual Private Network (VPN) Market report aids in assessing and mitigating risks associated with entering or operating in the market.
- The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations.
Frequently Asked Questions
Global Virtual Private Network (VPN) Industry Recent Developments
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Global Virtual Private Network (VPN) Market Regulations and Policy
- Global Virtual Private Network (VPN) Market Trends & Developments
- Global Virtual Private Network (VPN) Market Dynamics
- Drivers
- Challenges
- Global Virtual Private Network (VPN) Market Hotspots and Opportunities
- Global Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Size & Analysis
- By Component
- Solution
- Services
- By Type
- Site-to-Site
- Remote Access
- Extranet
- Others
- By Deployment
- Cloud
- On-Premise
- By End-User
- Commercial
- Individual
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
- By Component
- Market Size & Analysis
- North America Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- By Country
- The US
- Canada
- Mexico
- The US Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Canada Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Mexico Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
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- Market Size & Analysis
- Market Size & Analysis
- South America Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- By Country
- Brazil
- Argentina
- Rest of South America
- Brazil Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
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- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Argentina Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Europe Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- By Country
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
- Germany Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- The UK Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- France Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Italy Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Spain Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Market Size & Analysis
- The Middle East and Africa Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- By Country
- Saudi Arabia
- The UAE
- South Africa
- Rest of Middle East and Africa
- Saudi Arabia Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- The UAE Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
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- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- South Africa Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Asia-Pacific Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- China Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Japan Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- India Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- South Korea Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Australia Virtual Private Network (VPN) Market Outlook, 2018-2028F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2018-2028, USD Million
- By Type- Market Size & Forecast 2018-2028, USD Million
- By Deployment- Market Size & Forecast 2018-2028, USD Million
- By End-User- Market Size & Forecast 2018-2028, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Global Virtual Private Network (VPN) Market Key Strategic Imperatives for Success & Growth
- Competitive Outlook
- Company Profiles
- Avast Software s.r.o.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Citrix Systems, Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- NordVPN
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Radio IP Software
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- CyberGhost S.R.L
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Cisco Systems, Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- IBM Corporation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Google LLC
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- NetMotion Software
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Juniper Networks
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Checkpoint Software Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Opera Norway AS
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- WatchGuard Technologies, Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Microsoft Corporation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- BlackBerry Limited
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Array Networks, Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- TunnelBear Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Avast Software s.r.o.
- Company Profiles
- Disclaimer
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