SSL VPN Market – Global Industry Analysis and Forecast (2023-2029)

SSL VPN Market is expected to grow at a CAGR of 7.55% over the forecast period 2023-2029, to account for US$ 8.27 Bn. in 2029.
SSL VPN Market Overview and Dynamics:
SSL (Secure Sockets Layer) VPN (Virtual Private Network) encrypt network connections to protect the confidentiality & integrity of communications between a VPN gateway and individual devices like desktops, laptops, servers and mobile devices. Today, the SSL VPN products are most often organised as means to secure remote access connections, whereby a single SSL VPN server acts as a gateway by which various SSL VPN clients access the corporate network.To know about the Research Methodology:-Request Free Sample Report

The global market for SSL VPN is expected to grow significantly in the future, thanks to rising the adoption of secured remote accessibility, and cloud-based security solutions. The growing demand for BYOD (bring-your-own-device) trend is boosting the SSL VPN market growth. The SSL VPN proposals a modest solution apart from a traditional model of security for remote access especially for customers and mobile users. With the increase of the mobile workforce & cloud transformation, there is increased adoption of remote workers and various companies are moving to cloud infrastructures.

The remote access VPN gives workers access to a secure connection with a remote computer network and they can access resources on the network as if they were directly plugged into the network’s servers. As stated by Microsoft, 67% of people use their own devices at work. Most of the employees are using BYOD, personal devices with many applications to access corporate data. For example iPads, iPhones, BlackBerries Android devices, and more. As said by bitglass, 56% of BOYD companies use remote wipe & MDM to deal with security. According to Cloud Security Report in 2022, Companies recognize many key benefits of deploying cloud-based security solutions. Respondents selected cost savings i.e.42% along with better performance i.e.34% and faster time to deployment i.e.39% as the top 3 factors for selecting cloud-based security solutions.

As per the survey, the top six factors driving cloud adoption these days are of achieving excelling at DevOps (58%), IT agility (62%), Artificial Intelligence (AI) & Machine Learning (50%) and IoT adoption (45%) and improving mobility (55%). Nevertheless, the vulnerability of SSL protocol to spread threats for instance spyware, Trojans, malware, worms, & viruses and lack of host security software installed on endpoint devices restrain the growth of the SSL VPN market globally.
SSL VPN Market Segment Analysis
The MMR report covers all segments in the SSL VPN market such as mode of remote access, component and organization size.

By Organization Size, in 2022, the large enterprise's segment held the largest market share of 64.15% in 2022 and is projected to grow at the highest CAGR of 6.15% over 2023-2029. However, the Small and Medium-Sized Businesses are projected to grow at the highest CAGR of 8.20% during the forecast period. This is mainly attributable to the growing need to offer secured access for organizational resources throughout the internet sessions, particularly for remote users.

Based on Mode of Remote Access, the clientless segment dominated the market, with a market size of US$ xx Bn. in 2022 and to reach US$ xx Bn. by 2029, with a CAGR of 7.39%. Clientless SSL VPN makes a secure, remote-access VPN tunnel to an Adaptive Security Appliance (ASA) using a Web browser without requiring a hardware or software client. It offers secure and easy access to a broad range of Web resources.
Regional Overview:
North America is anticipated to account for the largest nearly 34.10% share of the SSL VPN market in 2022, followed by APAC and Europe. This growth is attributed to the growing adoption of advanced technologies integrated equipment in numerous organizations. Moreover, the growing presence of a large number of organizations is directly related to the number of internet users, thus contributing to the increment of the North American market for SSL VPN. Nevertheless, the Asia-Pacific region is set to grow with the fastest CAGR of 8.40% during the forecast period. This is largely owing to the increase in the penetration of smartphones, internet usage, and rapid industrialization of the Asian market.

The objective of the report is to present a comprehensive analysis of the global SSL VPN Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Market dynamic, structure by analyzing the market segments and projecting the Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.
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SSL VPN Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.96 Bn.


Forecast Period 2023 to 2029 CAGR:
7.55%
Market Size in 2029:
US $ 8.27 Bn.


 Segments Covered:
by Component
Software
Services


by Mode of Remote Access
Clientless
Thin-client
Tunnel


by Organization Size
Large Enterprises
Small and Medium-Sized Business



SSL VPN Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. Oracle Corporation
2. Cisco Systems, Inc.
3. Citrix Systems, Inc.
4. Pulse Secure, LLC
5. Check Point Software Technologies, Ltd.
6. F5 Networks, Inc.
7. Barracuda Networks, Inc.
8. H3C Technologies Co.
9. QNO Technology, Inc.
10. Symantec Corporation
11. Array Networks, Inc.
12. SonicWALL
13. AEP
14. Sangfor
15. Beijing NetentSec
16. LeadSec

Frequently Asked Questions:

1] What segments are covered in the SSL VPN Market report?
Ans. The segments covered in the SSL VPN Market report are based on Component, Mode of Remote Access and Organization Size.

2] Which region is expected to hold the highest share in the SSL VPN Market?
Ans. North America region is expected to hold the highest share in the SSL VPN Market.

3] What is the market size of the SSL VPN Market by 2029?
Ans. The market size of the SSL VPN Market by 2029 is US$ 8.27 Bn.

4] What is the forecast period for the SSL VPN Market?
Ans. The forecast period for the SSL VPN Market is 2023-2029.

5] What is the market CAGR of SSL VPN Market during 2023-2029?
Ans. The market CAGR of SSL VPN Market during 2023-2029 is 7.55%.