Global Virtual Private Network Market - Overview
The global Virtual Private Network (VPN) Market is expected to exhibit a
strong 18.22% CAGR over the forecast period from 2016 to 2022, according to the
latest research report from Market Research Future (MRFR). The global virtual
private network market was valued at USD 15.27 billion in 2016. The report
presents a detailed overview of the global virtual private network market to
readers by profiling the market’s historical statistics to provide a clear
overview of the market’s historical growth trajectory.
The current growth trajectory and statistics of the
market are also given in detail in the report. This provides a solid foundation
for forecasts into the market’s likely movement over the forecast period. The
leading players operating in the global virtual private network market are also
profiled in detail in the report in order to give readers a clear overview of
the competitive landscape of the market. The impact of the COVID-19 pandemic on
the global virtual private network market is also studied in detail in the
report.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2160
Virtual private networks or VPNs comprise a
technology to extend a private network across a public network. VPNs allow
users to send and receive data across public networks as if their device were
directly connected to the private network. VPNs enhance the productivity of the
user organization by encapsulating the data into network protocols through a
secure passage. This minimizes the risk of data breaches and cyberattacks. The
increasing threat of cyberattacks in the 21st century is likely to be a major
driver for the global virtual private network market over the forecast period.
According to a report, the total annual damage from cyberattacks is likely to
reach a staggering figure of USD 6 trillion by 2021, doubling from USD 3
trillion in 2015. This represents an avenue of crime that is more profitable
than all the world’s illegal drug trades combined. Up to 21% of all files stored
in the world’s databases are vulnerable to cyberattacks. These terrifying
figures have driven investment in cyber security software over the last few
years. This is likely to be a major driver for the global virtual private
network market over the forecast period.
VPNs also make business operations more efficient by
allowing easier sharing of data with specific subsets of stakeholders. The
increasing demand for increased business process efficiency is likely to be a
major driver for the global virtual private network market over the forecast
period.
Competitive Leaderboard:
Leading players in the global virtual private
network market include NetGear Inc., SaferVPN, Buffered VPN, Golden Frog GmbH,
IPVanish, PureVPN, NordVPN, CyberGhost SA, Private Internet Access, and
Microsoft Corporation.
Segmentation:
The global virtual private network market is
segmented on the basis of type, deployment, product, end use, and region.
By type, the global virtual private network market
is segmented into hosted, IP, multiprotocol label switching, cloud, and others.
The hosted segment dominates the global virtual private network market,
followed by the IP segment. However, the multiprotocol label switching segment
is expected to exhibit the highest growth rate, of 20.5% over the forecast
period.
By deployment, the global virtual private network
market is segmented into on premise and cloud.
By product, the global virtual private network
market is segmented into routers, switches, firewalls, and others.
By end use, the global virtual private network
market is segmented into government, telecommunications, manufacturing,
healthcare, BFSI, utilities, and others. The government segment dominates the
global virtual private network market and is likely to remain the leading end
use segment over the forecast period. The increasing demand for secure
transactions in the government sector and the increasing digitalization of
government operations are the major drivers for the government segment of the
global virtual private network market.
Regional Analysis
Geographically, the global virtual private network
market is studied in four major regions, namely, Europe, North America, the
Asia Pacific, and the rest of the world.
North America region is slated to account for the
significant market share over the assessment period. The U.S. is motivated by
the rising cybercrime trend, the existence of strong demand due to its services
and I.T. Activities, where VPN demands more for high-end services and privacy.
Also contributing to this market's growth over the evaluation period is the
growing number of cyber-attacks on businesses across various industry
verticals. It allows companies to deploy VPN solutions that will protect their
business capital from unaffected access. Due to the rising rate of cybercrime,
which drives market growth in the near future, there is a significant demand
for VPN solutions. The European region's virtual private network market is
expected to see rapid growth over the forecast period. Whereas the Asia Pacific
region's developing countries, such as Japan, China, and India, are developing
markets for virtual private network solutions, due to the growing I.T. sector,
and diverse industry and business verticals with significant demand for VPN
solutions. Over the study era, the APAC area is poised to witness the fastest
CAGR.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/virtual-private-network-market-2160
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment