The global Virtual Private Network (VPN) market size is expected to reach USD 111.05 Billion in 2028 and register a CAGR of 17.6% over the forecast period, according to the latest report by Reports and Data. Key factors such as increasing adoption of work from home trend, rapid advancements in network infrastructure, and rising demand for cloud-based VPN in the IT sector are driving market revenue growth. Virtual Private Network is a secured communication network between a user and a computer or connected device. This encrypted connection is typically known as a VPN tunnel.
The increasing adoption of the work from home trend and rapid advancements in network infrastructure are some of the key drivers of the VPN market. The rising demand for cloud-based VPNs in the IT sector is also contributing to the growth of the market.
The IT telecommunication sector is a major user of VPNs, and the ongoing developments in this industry are driving the revenue growth of this segment. North America is the largest market for VPNs, and the United States and Canada are major revenue contributors. The increasing application of VPNs in IT, BFSI, and healthcare sectors, along with the rising incidence of cyberattacks and adoption of cloud infrastructure, are some of the key factors driving the revenue growth of the market in this region.
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The rising number of internet users and increasing digitalization trends have led to an increase in cyberattacks. As a result, more and more people are turning to VPNs to protect their online activities and personal information from hackers and cybercriminals. The popularity of remote work culture has also contributed to the adoption of VPNs, as it allows employees to securely access company resources from anywhere.
Moreover, the increasing awareness about the benefits offered by VPNs, such as online privacy, anonymity, and bypassing geo-restrictions, has led to a surge in demand for these services. Additionally, the investment in research and development of networking and information technology by private investors is expected to bring more advanced and secure VPN solutions to the market, further driving the revenue growth of the VPN industry.
Competitive Landscape:
Competitive landscape of global Keyword market is quite fragmented with regional and global key players. These market players are involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to retain their market position and expand their product portfolio.
Some Key Highlights From the Report:
- In July 2020, Mozilla launched its paid VPN service for Android and Windows devices. This VPN offers ‘no-logging’ policy that allows users to keep their system information such as IP address, browsing activity, session duration, timestamp, DNS request, or similar data points private.
- Hardware segment accounted for largest revenue share in the global market in 2020. Increasing demand for VPN routers due to rising adoption of VPN is a key factor driving growth of this segment.
some leading companies operating in the global Keyword market:
JUNIPER NETWORKS, BlackBerry Limited, Cisco Systems, Inc., Citrix Systems, Inc., Radio IP Software Inc, Google LLC, IBM Corporation, NetMotion Software, Opera Norway AS, and WatchGuard Technologies, Inc
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The global market is further segmented into type and application:
Component Outlook (Revenue, USD Billion; 2018-2028)
- Hardware
- Software
- Services
Organization Size Outlook (Revenue, USD Billion; 2018-2028)
- Small Medium Enterprises (SMEs)
- Large Enterprises
Type Outlook (Revenue, USD Billion; 2018-2028)
- Site-To-Site
- Remote Access
- Extranet
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- IT Telecommunication
- BFSI
- Manufacturing
- Government
- Healthcare
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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