Virtual Private Network Market Analysis Report By Component, By Type, By Deployment Mode, By End Use, By Region And Segment Forecast From 2020 To 2027

Synopsis

With reference to the report published, the global virtual private network market was prized by USD 25.65 billion in 2019. It is estimated to witness a 17.4% CAGR from 2020 to 2027.

Drivers

A virtual private network guarantees safe, express, and permanent connectivity. The rising concerns regarding the safety of the information, being sent on the communal internet connection, are anticipated to power the enlargement of the market for these private networks.

A virtual private network (VPN) offers an encrypted link, which permits customers to get connected with the public internet network. A number of businesses depend on these safe links, to make sure that merely selected customers can distantly get into their set of connections.

The considerable rises in the figure of cyber-attacks along with the escalation in demand for the cloud-based safety resolutions are estimated to impel the demand for virtual private networks, during the forecast period.

The businesses of all ranges, along with working in a variety of trades, are insistently in search of effectual resources of the information administration as well as safe connectivity, amid diverse business divisions.

Moreover, businesses need continuous connectivity for retaining the association with their customers and partners, all over the world. At this stage, a virtual private network is able to, potentially present, exceptional service quality in the conditions of maintaining the majority of essential traffic flow required for the industry as well as evading the loss of the packet.

A number of end-use businesses have initiated the incorporation of virtual private networks into their business development, to modernize their function. The acceptance of these private networks is rising, since these networks are serving end-user businesses in becoming additionally effective as well as result-oriented.

Effect of Covid-19

The eruption of the Covid-19 pandemic had a considerable effect on the technology business. As a function of the efforts, to hold the spread of the virus, all range enterprises need the majority of their human resources to work from home. On the other hand, organizations are mainly under stress to guarantee, safe work-from-home surroundings for their staff. For this reason, organizations are insistently setting up a virtual private network.

Although the pandemic illustrates no signs of reduction, deceitful actions are, moreover, increasing. Together, the persons and corporate world are evenly being embattled by the hackers as well as fraudsters. Particularly, there has been a growth in the number of happenings, in which persons are being cheated by sending fake emails connected to Covid-19. Therefore, companies are choosing a virtual private network, to make stronger safety and shield the confidentiality of the client.

Deployment Mode Insight

The cloud sector held the leading 72.8% revenue share, in 2019. This can be credited to the increasing inclination for cloud-centric deployment to decrease overheads along with repairs. Major companies of the market are presenting virtual personal cloud to offer safe access as well as personal on-premise admittance to cloud resources.

Type Insight

In 2019, the remote access sector held the largest 35.8% revenue share of the virtual private network (VPN) market. This can be credited to the rising number of licensed traders, within the market.

The extranet division is anticipated to record a noteworthy CAGR, during the forecast period. The expansion can be credited to the increasing utilization of extranet, through enterprises to put up personal information on communal networks. Besides, companies are, moreover, concentrating on expanding their interior web functions to the customers and the partners of the company.

Component Insight

In 2019, the solution sector held a major and more than 64.0% revenue share of the VPN market. The services sector is estimated to record a momentous CAGR, during the forecast period.

Throughout the previous few years, these private network resolutions have been attaining better grip, mainly between personal resolution sources and commercial sellers. The speedily changing environment of work and the altering business necessities for the private networks would keep on impelling the demand for virtual private network services.

End-Use Insight

In 2019, the commercial sector held the principal 74.1% revenue share of the virtual private network market. This can be due to the increasing apprehension about creating a safe network. Additionally, it assists in dropping the risk, through the complete information lifecycle.

On the other hand, virtual private network resolutions assist business users, in constructing confidence with their consumers. Price efficiency, fault-tolerant, and surplus availability of the resource is a few additional fascinating features that are estimated to impel the business implementation of these network resolutions.

Regional Insight

By means of an increasing number of structured companies, in addition to mobile virtual private network services, at this time China is leading in the Asia Pacific. At the same time, there are a variety of government guidelines as well as rules about the well-liked websites, presenting these private networks. These websites are providing a number of openings for entrepreneurs in Indonesia, China plus additional nations of Asia Pacific. Moreover, by means of a virtual private network, the Asian nations have availed unproblematic streaming as well as networking services. In addition, a virtual private network guarantees consumers shelter from hackers plus encryption of their information. These are the major encouraging factors, to increase the demand for virtual private network resolutions along with the services in Asian nations.

Corresponding to the rising acceptance of these private network resolutions as well as services in India, China, and additional Asian nations, Asia Pacific is expected to record the maximum CAGR, during the forecast period.

As a result of the speedy enlargement in the demand from BFSI, telecom plus other industries in the U.S., North America held a major 35.1% revenue share of the market, in 2019. Moreover, the market in Europe retained a prominent share of the global market and is estimated to observe stable development.

Companies

The companies are concentrating on growing their client source to get a reasonable advantage in the VPN market. They are following a number of tactical programs, like mergers & acquisitions, intentional joint ventures and alliances.

The latest various events comprise, the declaration done by Cisco Systems, Inc. to initiate a payment deferrals plan to support the companies, for taking on the virtual private network resolutions, in the current pandemic period. This declaration was done, in April 2020.

Some of the companies for the virtual private network market are:

    • Watch Guard Technologies, Inc.
    • Net Motion Software
    • Google LLC
    • Citrix Systems, Inc.
    • BlackBerry Limited
    • Opera Group Company
    • IBM corporation
    • Cyber Ghost S.R.L.
    • Cisco Systems, Inc.
    • Avast Software s.r.o.

Report Scope

Segments Covered in the Report

This report provides forecasts for revenue growth at the global, regional, and country levels and analyses of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For this study, Million Insights has segmented the global virtual private network market report based on component, type, deployment mode, end-use, and region:

• Component Outlook (Revenue, USD Billion, 2016 - 2027)
    • Solution
    • Services

• Type Outlook (Revenue, USD Billion, 2016 - 2027)
    • Site-to-site
    • Remote Access
    • Extranet
    • Others

• Deployment Mode Outlook (Revenue, USD Billion, 2016 - 2027)
    • Cloud
    • On-premise

• End-Use Outlook (Revenue, USD Billion, 2016 - 2027)
    • Commercial
    • Individual

• Regional Outlook (Revenue, USD Billion, 2016 - 2027)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
    • The Asia Pacific
        • China
        • Japan
        • India
    • South America
        • Brazil
    • Middle East and Africa (MEA)