The Virtual Private Network Market is anticipated to witness high growth owing to increased adoption of remote working practices andBYOD trend. A virtual private network (VPN) creates a protected information channel between two devices. VPNs are instrumental in enabling remote access, ensuring cybersecurity and data privacy. VPNs allow users to connect to corporate networks and access restricted resources remotely in a secure manner.
The Global Virtual Private Network Market is estimated to be valued at US$ 194.7 Bn in 2024 and is expected to exhibit a CAGR of 19.1% over the forecast period 2024 to 2031.
With increasing cyber threats and growing security concerns, there is a heightened need for reliable and robust networking solutions. VPNs play a crucial role in protecting confidential data from unauthorized access or cyberattacks. Additionally, the accelerating trend of bring-your-own-device and remote working has augmented demand for VPN services across various industries.
Key Takeaways
Key players operating in the virtual private network market are Cisco system Inc., Fortinet FortiClient, Palo Alto Networks GlobalProtect, Check Point Endpoint Remote Access VPN, SonicWall VPN, Juniper Networks Pulse Secure, Citrix Gateway, OpenVPN Access Server, F5 BIG-IP Access Policy Manager, Barracuda CloudGen Access, Zscaler Private Access, NetMotion Mobility, WatchGuard IPSec VPN, Hideman VPN for Business, Perimeter 81, Key Players, ExpressVPN, Proton VPN, and NordVPN.
The proliferation of smart devices and the ability to work remotely has opened new avenues of growth. VPNs provide secure connectivity for mobile workforces, travelers, and BYOD users. Moreover, the ability to securely access applications and data from any location using personal devices is fueling demand. Increased digitization of industries and transition to cloud-based applications also present significant opportunities for VPN players.
Many Virtual Private Network Market Size providers are focusing on global expansion through partnerships, collaborations and mergers & acquisitions. For instance, major players are establishing partnerships with telecom operators and cloud providers to integrate their VPN solutions. Additionally, companies are also targeting high growth markets like Asia Pacific and Middle East & Africa to tap the increasing demand for virtual networking solutions.
Market Drivers
The growing trend of bring-your-own-device and remote working has significantly driven the adoption of virtual private network solutions. By using a VPN, companies can ensure secure access to their networks from any location.
Stringent data privacy laws and increasing instances of cyber threats have heightened the need for robust cybersecurity measures. Virtual private networks play a vital role in securing connections and protecting sensitive data from unauthorized access.
Market Restraints
Lack of awareness about VPN benefits, capabilities and configuration challenges in certain organizations act as a restraint for the market.
High cost of deployment, configuration and management of an on-premise VPN infrastructure limits its adoption in small and medium sized enterprises.
Segment Analysis
The consumer segment dominates the virtual private network market currently. Many individuals subscribe to VPN services to bypass geo-restrictions and access region-locked content while traveling abroad. They also use VPNs to protect their privacy and online security when using public Wi-Fi networks. The enterprise segment is the fastest growing segment due to the increasing need among businesses to provide remote access to employees. VPNs allow companies to maintain telecommuting setups and flexi work policies while ensuring data security. The small and medium business segment is another prominent sub-segment as VPNs offer affordable security solutions for these organizations with limited budgets.
Global Analysis
North America currently holds the largest share in the virtual private network market owing to stringent data privacy regulations and rising BYOD trends. Asia Pacific is poised to grow at the highest CAGR during the forecast period backed by expanding internet penetration, growing smartphone usage, and increasing remote work adoption across countries like India and China. Countries in Western Europe such as Germany, UK, and France also contribute significantly to the regional market revenues led by strong security awareness among enterprises. Meanwhile, initiatives by regional government bodies in Latin America and Middle East & Africa to enhance digital infrastructure are expected to boost the VPN uptake in these emerging economies.
Get more insights on This Topic- Virtual Private Network Market
The global industrial internet of things (IIoT) market is estimated to accrue USD 750 Billion during the forecast period (2018-2023), affirms Market Research Future (MRFR).
IIoT is based on the idea of broad-spectrum internet connectivity to specific business processes that make physical products for business sectors.IIoT is used across several industries such as energy/utilities, mining and metals, aviation, manufacturing, logistics, oil and gas, transportation, and various other industries.
The types of hardware are sensors and radio-frequency identification (RFID), industrial robotics, camera systems, smart meters, 3D printing, flow and application control device, distributed control systems and others.
The market segment of hardware component is projected to account for the largest market share owing to accelerated number of connected devices, increasing application areas of hardware components, and utmost utilization of available resources.
The types of software are manufacturing execution, product life cycle management systems, supervisory control and data acquisition (SCADA) systems, distributed management system, retail management software, and others.
Lastly, the types of services are managed services and professional services.By deployment, the market is segmented on the basis of on-cloud, on-premise, and hybrid deployment.
virtual private network freeWelcome to VPN Shazam, Get the best free VPN package for android and pc.
We offer a simple and easy-to-use free VPN (Virtual Private Network) that lets you enjoy fast and stable connections anywhere.Our Turbo VPN Network FeaturesVPNShazam is one of few VPN providers offering Shared and private residential IPs.
Static IPs and Dedicated IPs are available from 6 countries to choose from.Exclusive VPN features and proprietary technology available with us.
Focusing on Quality, security and speed are taking our most time but it doesn’t mean that we won’t make improvements and add some new features.
virtual private network freeIt’s as easy as 1…2…3…We offer a simple and easy-to-use VPN that lets you enjoy fast and stable connections anywhere.CHOOSE A PLANChoose from our wide range of packages to find your optimal plan.CREATE YOUR ACCOUNTCheckout and process the payment.
Then you’re ready to go!LAUNCH YOUR VPNInstall the VPN application and access any content, no matter your location.
If you are looking for virtual private network or VPN connection, then you need to pay attention on various things like bypass geo restrictions, enhanced security, increased privacy and customer support.
Some essential points like the aforementioned will help you in choose the right plan and the right service provider.
It will be better to go through the details, know about different plans, go through the reviews that are shared by customers and then make a decision.Rather than choosing the right plan from a selected service provider, it is important to compare prices, technical specifications, features and other details.
By doing so, you will get the right solutions in real time manner.When it comes to choose the right Virtual Private Network, you will find name of VPN Streamer comes on the top – offering you attractive plans and packages that are specifically designed to enhance your experience.VPN Streamer has carved a special niche among VPN users by providing with a number of added features and solutions.
These plans are specifically designed by paying attention on various essential points and to provide access to Netflix and other channels.
You have to make a contact and leave rest of the work on experts working here.
