Virtual Private Network (VPN) Market- Global Industry Analysis and Forecast (2023-2029) by Component, Type, Deployment Mode, End-Use, and Region

Virtual Private Network (VPN) Market size was valued at US$ 41.49 Bn. in 2022, and the total revenue is expected to grow at a CAGR of 17.4% from 2023 to 2029, reaching nearly US$ 127.55 Bn.
Virtual Private Network (VPN) Market Overview:
The virtual Private Network (VPN) Market is expected to reach US$ 127.55 Bn. by 2029. A virtual private network connects a private network to a public network, allowing users to send and receive data as though their computers were directly linked to the private network. This report focuses on the different segments of the Virtual Private Network (VPN) market (Component, Type, Deployment Mode, End-Use, and Region). This report examines the major market players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advances in a variety of sectors. Facts and figures, visualizations, and presentations are utilized to demonstrate the core data analysis from 2017 through 2020. The market drivers, restraints, opportunities, and challenges for Virtual Private Network (VPN) are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Virtual Private Network (VPN) market.To know about the Research Methodology :- Request Free Sample Report
Virtual Private Network (VPN) Market Dynamics:
The rise is expected to be driven by growing worries about the security of data carried through a public internet connection. A virtual private network (VPN) is an encrypted connection that allows users to access the internet across public networks. Several companies rely on these secure connections to ensure that only authorized users have remote access to their networks. However, the outbreak has altered this dynamic, resulting in a surge in end-user demand for VPN services.

A virtual private network (VPN) offers continuous, high-speed, and secure connections. High-speed, long-term internet connections have gotten more expensive over time than those used solely for email access. As a result, businesses rarely add capacity to match temporary surges in demand. Permanent links between end nodes are not required when using a virtual private network, which is sometimes related to contract negotiations and monthly costs. In comparison to frame relays or leased lines, another key advantage of VPNs is that they do not require any specialist equipment. In other words, a VPN can possibly be used to transfer traffic through a controlled IP network, the internet, or a provider's backbone at a low cost.

During the forecast period, demand for virtual private networks is expected to be driven by an increase in the number of cyber-attacks and a rise in demand for cloud-based security solutions. Enterprises of all sizes, operating in a variety of industries and verticals, are frantically searching for efficient data management and secure connection across their many business units. Enterprises also demand constant connectivity in order to collaborate with partners and customers around the world. At this point, VPNs have the ability to provide exceptional service quality in terms of keeping critical business traffic flowing and preventing packet loss. To thrive in a competitive business climate, it is becoming increasingly vital for IT and telecoms organizations to reduce costs and improve the quality of business services. As a result, during the forecast period, the demand for VPN solutions from incumbents in the IT & telecoms industry is expected to rise.

To streamline their operations, several end-use sectors have begun integrating VPNs into their business processes. Virtual private networks (VPNs) are getting increasingly popular as they assist end-user enterprises in being more result-oriented and efficient. The growing popularity of virtual private networks (VPNs) is pushing newcomers to consider entering the market with niche application-specific solutions and services. In order to obtain a competitive advantage, market incumbents are adopting a variety of strategic initiatives.
Segment Analysis:
The Virtual Private Network (VPN) Market is segmented by Component, Type, Deployment Mode, and End-Use.

Based on the Component, the market is segmented into Solutions and Services. The solution segment is expected to hold the largest market share of accounting for more than 50% by 2029. Over the last few years, virtual private network solutions have gained a lot of interest, especially among business vendors and individual solution providers. The need for VPN services is expected to continue to be driven by the constantly changing nature of work and evolving commercial requirements for virtual private networks.

Control, reporting, and management are all common factors of a virtual private network solution. In order to promote sales of VPN solutions, suppliers have collaborated with mobile VPN vendors and NAC solution providers during the last few years. VPN services are designed to secure a remote connection through the use of a virtual private network.

Furthermore, suppliers are allowing buyers to compare rates in real-time online, assisting cost-conscious purchasers in evaluating the VPN services available before making a purchase decision. At the same time, technological advancements combined with economies of scale are likely to enable providers to lower their costs even more and accelerate their expenditures in other sectors.

Based on the Type, the market is segmented into Site-to-site, Remote Access, Extranet, and Others. Extranet type segment is expected to grow rapidly at a CAGR of 15.4% during the forecast period 2023-2029. The increased use of extranet by businesses to post private information on public networks can be ascribed to the growth. Furthermore, businesses are putting increasing emphasis on extending their internal web applications to their partners and customers.

The remote Access segment is expected to grow rapidly at a CAGR of 14% during the forecast period 2023-2029. To ensure smooth communication, the demand for remote access and site-to-site connectivity has gradually increased. The use of remote access and site-to-site connections optimises bandwidth and data comparability. Over the last few years, demand for remote virtual private network solutions has been driven by the proliferation of mobile VPN devices and the growing requirement for remote accessibility.

Based on the Deployment Mode, the market is segmented into Cloud, and On-premise. Cloud Deployment Mode segment is expected to grow rapidly at a CAGR of 17.6% during the forecast period 2023-2029. This is due to an increasing preference for cloud-based deployment, which reduces maintenance and costs. Virtual private clouds are being offered by prominent market participants to give a secure gateway and private on-premise access to cloud resources. For example, IBM Corporation announced the deployment of an on-premises VPN gateway to a cloud VPN built within a VPC in December 2018.

Virtual private clouds are being offered by vendors to assist businesses in constructing a private cloud computing environment on shared public cloud infrastructure. These services are meant to give enterprise customers fine-grained control over allowing or limiting access to specified resources via certain apps or IP addresses. Storage, virtual servers, and networking resources in the cloud can be dynamically deployed to assist VPC customers in reacting to changes based on their business needs. As a result of the lower expenses and upkeep, businesses may concentrate on their core strengths and essential business objectives.
Regional Insights:
The North American region is expected to dominate the Virtual Private Network (VPN) Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of  41% by 2029. This is due to the fast development in demand in the United States from telecoms and BFSI, among other industries and industry verticals.

Asia Pacific region is expected to grow rapidly at a CAGR of 16.1% during the forecast period 2023-2029. With a growing number of organised businesses offering mobile VPN services, China is now dominating the Asia Pacific region. Offering the virtual private network as a solution created a lot of chances for entrepreneurs in China, Indonesia, and other Asian nations, given the varying government policies and regulations regulating popular websites. In addition, VPN services have made networking and streaming in Asian countries easier. Using a virtual private network also ensures that users' data is encrypted and protected from hackers. These are the factors that have contributed to an increase in the demand for VPN solutions and services in Asian countries.

The objective of the report is to present a comprehensive analysis of the Global Virtual Private Network (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 has 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 Global Virtual Private Network (VPN) Market dynamic and structure by analyzing the market segments and projecting the Global Virtual Private Network (VPN) Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Virtual Private Network (VPN) Market make the report investor’s guide.
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Global Virtual Private Network (VPN) Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 41.49 Bn.


Forecast Period 2023 to 2029 CAGR:
17.4%
Market Size in 2029:
US $ 127.55 Bn.


 Segments Covered:
by Component
Solution
Services


by Type
Site-to-site
Remote Access
Extranet
Others


by Deployment Mode
Cloud
On-premise


by End-Use
Commercial
Individual



Virtual Private Network (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 (Brazil, Argentina Rest of South America)
Virtual Private Network (VPN) Market Key Players
B2B Providers

1. Cisco system Inc.
2. Fortinet FortiClient
3. Palo Alto Networks GlobalProtect
4. Check Point Endpoint Remote Access VPN
5. SonicWall VPN
6. Juniper Networks Pulse Secure
7. Citrix Gateway
8. OpenVPN Access Server
9. F5 BIG-IP Access Policy Manager
10. Barracuda CloudGen Access
11. Zscaler Private Access
12. NetMotion Mobility
13. WatchGuard IPSec VPN
14. Hideman VPN for Business
15. Perimeter 81
16. Key PLayers

B2C Providers

1. ExpressVPN
2. Proton VPN
3. NordVPN
4. CyberGhost
5. Surfshark
6. IPVN
7. Mozilla VPN
8. Atlas VPN
9. Private Internet Access (PIA)
10. VyprVPN
11. PureVPN
12. TunnelBear
13. Hotspot Shield
14. Windscribe
15. PrivateVPN

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Virtual Private Network (VPN) Market?
Ans. North America is expected to hold the highest share in the Virtual Private Network (VPN) Market.

2] Who are the top key players in the Virtual Private Network (VPN) Market?
Ans. Net Motion Software, Cyber Ghost, Blackberry Limited, Watch guard Technologies, and Cisco system Inc. are the top key players in the Virtual Private Network (VPN) Market.

3] Which segment is expected to hold the largest market share in the Virtual Private Network (VPN) Market by 2029?
Ans. Solution segment is expected to hold the largest market share in the Virtual Private Network (VPN) Market by 2029.

4] What is the market size of the Virtual Private Network (VPN) Market by 2029?
Ans. The market size of the Virtual Private Network (VPN) Market is expected to reach US $ 127.55 Bn. by 2029.

5] What was the market size of the Virtual Private Network (VPN) Market in 2022?
Ans. The market size of the Virtual Private Network (VPN) Market was worth US $ 41.49 Bn. in 2022.