Global VPN Market - Trends, Segmentation and Forecast to 2023
Market Highlights
The study reveals that North America region dominates the virtual private network market. The emerging trend in the IT industry such as Bring Your Own Device (BYOD) and the emergence of Internet of Things (IoT) is expected to create room for Virtual Private Networks in years to come. The increased focused towards privacy is further expected to drive the VPN market. The passage of anti-privacy bill by U.S government is expected to drive the market in coming years. The added features in the VPN such as unblocking services is expected to create lucrative opportunities for the market. The flexible data transmission options such as MPLS VPN which includes the usage of secure and high-performance IP network for data traffic eliminates the usage of public internet which is trending in the market
The North America region is experiencing higher demand from various sectors such as commercial, residential, institution & government, industrial and others. The prominent companies such as Microsoft Corporation (U.S), Private Internet Access (U.S), CyberGhost S.A. (Romani), NordVPN (Panama), Purevpn (Hong Kong), are providing virtual private network solutions to safety systems. The use of VPN along added cloud functionalities is expected to create opportunities for the market for instance, companies such as Orange Business Services are providing integrated public cloud service as a part of their VPN thereby supporting the pay as you grow model which is opportunistic for the market. In addition the flexibility of the VPN for many types of the service applications in the network is further opportunistic for the market.
The global virtual private network market is expected to reach USD 41.702 billion at a CAGR of over 18% by the end of the forecast period.
Market Research Analysis:
The global virtual private network market is studied on the basis of four regions: the Americas, Europe, Asia Pacific, and Rest of world. North America region is dominating the global virtual private network market. The Global VPN Market is witnessing a high growth due to huge demand due to use of Hosted, IP, Multiprotocol Label Switching, Cloud and others. Europe is projected to hold the second largest share of virtual private network market during the forecast period. Asia Pacific is expected to witness the highest CAGR in the coming years.
Global Virtual private network Market Segmentation
The global virtual private network market is segmented into type, deployment, products, end user, and region. The type is segmented into Hosted, IP, Multiprotocol Label Switching, Cloud and others. The deployment are segmented into On-Premise, On-Cloud. The products are segmented Routers, Switches, Firewalls and others. The end users are segmented into Government, Telecommunication, Manufacturing, Healthcare, BFSI, Utilities and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
The prominent players in the global virtual private network market: Microsoft Corporation (U.S), Private Internet Access (U.S), CyberGhost S.A. (Romani), NordVPN (Panama), Purevpn (Hong Kong), IPVanish (U.S), Golden Frog, GmbH (Switzerland), Buffered VPN (Hungary), SaferVPN (Israel), NetGear, Inc. (U.S) and among others.
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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact:
+1 646 845 9312
Email: sales@marketresearchfuture.com
Blog: http://mrfrblog.com/
The study reveals that North America region dominates the virtual private network market. The emerging trend in the IT industry such as Bring Your Own Device (BYOD) and the emergence of Internet of Things (IoT) is expected to create room for Virtual Private Networks in years to come. The increased focused towards privacy is further expected to drive the VPN market. The passage of anti-privacy bill by U.S government is expected to drive the market in coming years. The added features in the VPN such as unblocking services is expected to create lucrative opportunities for the market. The flexible data transmission options such as MPLS VPN which includes the usage of secure and high-performance IP network for data traffic eliminates the usage of public internet which is trending in the market
The North America region is experiencing higher demand from various sectors such as commercial, residential, institution & government, industrial and others. The prominent companies such as Microsoft Corporation (U.S), Private Internet Access (U.S), CyberGhost S.A. (Romani), NordVPN (Panama), Purevpn (Hong Kong), are providing virtual private network solutions to safety systems. The use of VPN along added cloud functionalities is expected to create opportunities for the market for instance, companies such as Orange Business Services are providing integrated public cloud service as a part of their VPN thereby supporting the pay as you grow model which is opportunistic for the market. In addition the flexibility of the VPN for many types of the service applications in the network is further opportunistic for the market.
The global virtual private network market is expected to reach USD 41.702 billion at a CAGR of over 18% by the end of the forecast period.
Market Research Analysis:
The global virtual private network market is studied on the basis of four regions: the Americas, Europe, Asia Pacific, and Rest of world. North America region is dominating the global virtual private network market. The Global VPN Market is witnessing a high growth due to huge demand due to use of Hosted, IP, Multiprotocol Label Switching, Cloud and others. Europe is projected to hold the second largest share of virtual private network market during the forecast period. Asia Pacific is expected to witness the highest CAGR in the coming years.
Global Virtual private network Market Segmentation
The global virtual private network market is segmented into type, deployment, products, end user, and region. The type is segmented into Hosted, IP, Multiprotocol Label Switching, Cloud and others. The deployment are segmented into On-Premise, On-Cloud. The products are segmented Routers, Switches, Firewalls and others. The end users are segmented into Government, Telecommunication, Manufacturing, Healthcare, BFSI, Utilities and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
The prominent players in the global virtual private network market: Microsoft Corporation (U.S), Private Internet Access (U.S), CyberGhost S.A. (Romani), NordVPN (Panama), Purevpn (Hong Kong), IPVanish (U.S), Golden Frog, GmbH (Switzerland), Buffered VPN (Hungary), SaferVPN (Israel), NetGear, Inc. (U.S) and among others.
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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact:
+1 646 845 9312
Email: sales@marketresearchfuture.com
Blog: http://mrfrblog.com/
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