Virtual Private Network (VPN) Market Soars a Upward Growth expected to reach at USD 106 billion by 2022

“Virtual Private Network (VPN) Market”
Virtual Private Network Market, By Products (Routers, Switches, Firewalls), By Type (Cloud, Hosted, Multiprotocol Label Switching (MPLS), IP), By Deployment (On Premises, On Cloud/Remote), By Verticals (Government, Telecommunication, Manufacturing, Healthcare, BFIS) – Forecast 2016-2022

Executive Summary

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of  Virtual Private Network Market, By Products (Routers, Switches, Firewalls), By Type (Cloud, Hosted, Multiprotocol Label Switching (MPLS), IP), By Deployment (On Premises, On Cloud/Remote), By Verticals (Government, Telecommunication, Manufacturing, Healthcare, BFIS)

Market Research Future (MRFR) recognizes the following companies as the key players in the Virtual Private Network Market are – Microsoft Inc. (U.S.), Private Internet Access (U.S.), CyberGhost (Romania), NordVPN (Panama), Purevpn (Hong Kong), IPVanish (U.S.), Golden Frog (U.S.), Buffered VPN (Hungary), SaferVPN (Israel) among others.

Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:

Virtual Private Network Market is growing significantly. The main factor which is supporting the market is increasing number of security threats and increasing number of hacking activities around the world. Organizations who deal with lots of data which are confidential in nature are becoming major target of hacking activities. High price of sensitive information in black market are one of the major factor which is pushing the new hackers into this market. VPN, a network technology which was introduced specifically to eliminate unauthorized access into the network. This technology creates an extra layer to the ongoing network infrastructure which does not affect the internet but protects the third party connections from entering into network.

One of the major targets of current scenario is government. In the U.S., Government accounts for more than of 30% of total cyber security attacks. BFSI and Telecommunication industries are also facing the same problem and VPN could be an enormous method to protect the network infrastructure of these organizations.

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Growing IT industry and Cyber Security market are giving boost to the current VPN market. Arrival of cloud computing along with mobile VPN option is also helping the global VPN market to grow whereas factors such as high deployment cost are one of the major restraint of the market.

The global VPN Market is expected to reach at USD 106 billion by the end of forecast period with compound annual growth rate of USD 13%.

For the purpose of this study, MRFR has segmented the market of VPN into Products, Deployment, Types and Verticals. The various products used in any VPN infrastructure is Routers, Switches, and Firewalls among others. The deployment method of VPN has been identified as on cloud and on premises whereas the study by type includes- Cloud, Hosted, Multiprotocol Label Switching (MPLS), and IP among others. The verticals of VPN market includes the areas which are major contributor in the total revenue. These are- Government, Telecommunication, Manufacturing, Healthcare, BFIS, Utilities among others.

By Region, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. Currently, North America is dominating the market of VPN followed by Europe and Asia-Pacific. High growth of technology in North American countries are helping this region to sustain the market share whereas Asia-Pacific has emerged as fastest growing market. Economic growth of Asian countries such as China and India are some of the major factor. Japan and South Korea are also giving significant contribution to the VPN market.  

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Intended Audience

  • Software Development companies
  • Application development companies
  • Cyber Security Companies
  • Research Institutions
  • Government

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