Global virtual private network market is estimated to grow at a CAGR of 12.9% over the forecast period 2024-2032

Market Research Future published a cooked research report on Global Virtual private network Market.

Market Overview

The virtual private network (VPN) market is anticipated to witness healthy growth from 2024 to 2032, a research report suggests. Growing at a CAGR of 12.9%, the market is projected to reach a higher valuation by 2032. High usage of mobile and wireless devices is expected to support the market growth along with falling prices of consumer devices. As predicted by analysts, low awareness regarding mobile security solutions will negatively affect the market’s performance from 2022 to 2023. During the forecast period, the market will be supported by technological advancements and increasing awareness levels. The lack of balance between demand and necessities of security on the other hand will challenge network security sector based organizations functioning in the global virtual private network (VPN) market. Analysts have split the market into end-user, deployment, products, and type segments based on products and services. Network security based companies have been profiled.

Inconvenient security measures are set to affect the global market during the forecast period 2016 to 2022. The report also provides the market’s performance forecasts till 2023. Analysts have studied the strategy of network security segment based organizations to help new entrants and established businesses. The network security sector itself is supported by consumers aiming for more convenience as well as the increasing awareness among consumers. During the forecast period 2016 to 2022, the virtual private network (VPN) market is set to witness a health growth across end-user, deployment, products, and type segments as well as regional markets.

Market Segmentation

The network security sector has seen growth across end-user, deployment, products, and type segments owing to the presence of untapped market opportunities and technological developments. To study the market, analysts have further segmented end-user, deployment, products, and type into Hosted, IP, Multiprotocol Label Switching, Cloud, and others on the basis of type. The market is further segmented into the deployment sub segment which is split into on premise and on-cloud. Additionally, the virtual private network (VPN) market on the basis of products is segmented into routers, switches, firewalls, and others. The market is further segmented into end-users sub segment which is split into BFSI, government, healthcare, manufacturing, telecommunication, utilities, and others.

The segmental analysis presented in the report provides network security field based organizations insights into key growth factors such as the changing social behaviour as well as challenges such as the lack of investments in research and development the market will face from 2016 to 2022. The increasing demand from various industry verticals and the availability of many untapped opportunities are some of the key factors having an influence on network security industry based companies, suggest analysts as per the virtual private network (VPN) market report. But the report also identifies the growing penetration of alternatives in the market and dynamic policies and regulations as major threats companies in network security will face till 2023. 

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Regional Overview

Network security market based companies in the virtual private network (VPN) market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. A rise in the disposable income will be a key growth driver for regional markets. However, demand and supply gaps will turn out to be a threat. For the forecast period 2016 to 2022 each of these regional markets are studied in the report. The lack of investments will turn out to be a major challenge from 2016 to 2022.

The market in the region will be benefitted by the growth of communication channels as well as the rising industrialization, suggests the report. Similarly, the network security sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. Starting from North America, the regional market and network security vertical based companies are spread across the United States, Canada, and Mexico. For the rest of the world, the research report for the virtual private network (VPN) market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2023. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany.

Competitive Landscape

The global virtual private network (VPN) market research report brings a comprehensive study of end-user, deployment, products, and type market segments, regional analysis, and network security vertical based company details of key players. As the forecast period 2016 to 2022 will bring new opportunities for the market owing to the rapidly growing population and advancements in technology, the market is set to grow at a compound annual growth rate of 18.22% and is predicted to reach a higher valuation by 2023. With SWOT analysis of network security sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of R&D investments and the lack of demand from certain regional markets, companies in the network security sector can change the way business is done.

Industry News

Cloud Nine Web3 Technologies has announced the signing and closing of an asset purchase agreement with Victory Square Technologies dated March 15, 2021 to acquire some intellectual property rights relating to a production stage VPN platform. The Company purchased the “Limitless Technologies” name, Next Decentrum Ed-Tech software, virtual private network (VPN) platform, and associated decentralised storage technologies that were previously owned and advanced by Victory Square's development team. The Business expects to complete asset creation and combine monetization and collaboration techniques with Cloud Nine's current platform.