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Virtual Private Network (VPN) Market (By Component- Solution, and Services. By Type- Site-to-site, Remote Access, Extranet, and Others. By Deployment Mode- Cloud, and On-premise. By End-Use- Commercial, and Individual. By Geography-North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Industry analysis, size, share, growth, trends, and forecast, 2021 - 2031.

Published Date : February 2021 | Report Id : TECIT 175 | Format : PDF, PPT | Slides : 150
Report Type : Syndicate Report

The Global Virtual Private Network (VPN) Market was valued at $27.1 Billion in 2020. Growing at a high CAGR of more than 14.3% between 2021 and 2031, it is estimated to reach $130.3 Billion by 2031. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. The VPN or Virtual Private Network (VPN) enhances the organizations' productivity. The data is encapsulated into network protocols through a secure passage, reducing and minimizing the chances of cyber-attacks and data breaches. The growing concerns over the security of the data being transferred over a public internet connection are expected to propel the market growth during the forecast period. Now, moving forward, the robust demand for the global Virtual Private Network (VPN) market in the VPN department is further estimated to create new necessities and augment the market of growth over the forecast period of 2021-2031. 

Global Virtual Private Network (VPN) Segment Is Estimated to Witness Remarkable Growth

Virtual Private Network (VPN) Market

Source: SAI Research

The Virtual Private Network (VPN) market is segmented as a component, type, deployment model, and end-use. Based on Component, the global Virtual Private Network (VPN) market has been bifurcated as Solution and Services. Based on Type, the global Virtual Private Network (VPN) market is divided into Site-to-site, Remote Access, Extranet, and Others. Based on Deployment Mode, the global Virtual Private Network (VPN) market has been segmented as Cloud and On-premise. Based on End-Use, the global Virtual Private Network (VPN) market has been bifurcated as Commercial and Individual.

By Region, North America is Holding the Major Market Share

The Virtual Private Network (VPN) Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, Europe, and Africa region. In addition to this, North America has a significant share among those regions. Shifting production bases from developed regions to emerging economics of this region is expected to propel the market. The growing demand for virtual private cloud to a particular resource for an enterprise and increasing investment in this sector are the factors in the development of the market. Rising disposal incomes and other potential factors drive the market over the forecast period. Apart from that, the Asia Pacific and the Rest of the regions are expected to increase the growth rate in the upcoming forecast period of 2021 to 2031. 

Major Players in the Global Virtual Private Network (VPN) Market

The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Avast Software s.r.o., BlackBerry Limited, Cisco Systems, Inc., Citrix Systems, Inc., CyberGhost S.R.L., Google LLC, IBM corporation, NetMotion Software, Opera Group Company, WatchGuard Technologies, Inc., AnchorFree GmbH, Anthasoft SA DE CV, Array Networks, Inc, Check Point Software Technologies Ltd. and Microsoft Corporation among others.

Scope of the Report:

Report Coverage

Details

Base Year:

2020

Market Size in 2020:

US$ 27.1 Billion

Historical Data for:

2018 to 2020

Forecast Period:

2021 to 2031

Forecast Period 2021 to 2031 CAGR:

14.3%

2031 Value Projection:

US$ 130.3 Billion

Segments covered:

By Component: Solution, Services

By Type: Site-to-site, Remote Access, Extranet, Others

By Deployment Mode: Cloud, On-premise

By End-Use: Commercial, Individual

Geographies covered:

North America: U.S., Canada, Mexico

Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe

Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific

Africa: South Africa, North Africa, and Africa

Middle East: GCC, Israel, and Rest of Middle East

Latin America: Brazil, Argentina, Rest of Latin America

Companies covered:

Avast Software s.r.o., BlackBerry Limited, Cisco Systems, Inc., Citrix Systems, Inc., CyberGhost S.R.L., Google LLC, IBM corporation, NetMotion Software, Opera Group Company, WatchGuard Technologies, Inc., AnchorFree GmbH, Anthasoft SA DE CV, Array Networks, Inc, Check Point Software Technologies Ltd. and Microsoft Corporation among others.

The Global Virtual Private Network (VPN) Market Has Been Segmented into:

Global Virtual Private Network (VPN) Market: By Component

  • Solution
  • Services

Global Virtual Private Network (VPN) Market: By Type

  • Site-to-site
  • Remote Access
  • Extranet
  • Others

Global Virtual Private Network (VPN) Market: By Deployment Mode

  • Cloud
  • On-premise

Global Virtual Private Network (VPN) Market: By End-Use

  • Commercial
  • Individual

Global Virtual Private Network (VPN) Market: By Region

  • North America
    • USA
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America, Middle East & Africa
    • Brazil
    • South Africa
    • UAE
    • Rest of LAMEA
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