IMARC Group, a leading market research company, has recently releases report titled “Virtual Private Network Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global virtual private network market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Virtual Private Network
A virtual private network (VPN) is designed to provide secure communication between different members of a group using public telecommunication infrastructure. It avoids online price discrimination and offers affordable leased-line alternatives and access to region-block services and high network stability. Besides this, as it enables secure and encrypted connections to provide strong privacy, hide online identity, bypass geo-blocks, and prevent bandwidth throttling, the demand for VPN is increasing across the globe.
How Big Is the Virtual Private Network Market?
The global virtual private network market size reached US$ 36.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 89.3 Billion by 2028, exhibiting a growth rate (CAGR) of 15.1% during 2023-2028.
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What are the growth prospects and trends in the virtual private network industry?
At present, the rising number of cyber threats and crimes around the world represents one of the primary factors contributing to the growth of the market. Additionally, the increasing adoption of VPNs due to the rising concern about data security among individuals is strengthening the growth of the market.
Apart from this, the growing employment of VPNs on account of the rising demand for remote accessibility among the masses is offering a lucrative growth opportunity to industry players. Moreover, the increasing utilization of mobile and wireless devices in an organization across the globe is bolstering the growth of the market.
Furthermore, the rising preference for VPNs, as they secure the critical and private information of individuals worldwide, is supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Hardware
- Software and Services
Breakup by Type:
- Remote Access VPN
- Site-to-Site VPN
- Others
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by End Use Industry:
- BFSI
- Healthcare
- IT
- Government
- Manufacturing
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Array Networks Inc., Avast Software s.r.o., BlackBerry Limited, Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., CyberGhost S.R.L., Google LLC, International Business Machines Corporation, Juniper Networks Inc., Microsoft Corporation and NetMotion Software (Absolute Software Corporation).
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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