North America Virtual Private Network Market Size, Share & Industry Trends Analysis Report By Offering (Solution and Services), By Deployment Mode (Cloud and On-premise), By End User, By Type, By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The North America Virtual Private Network Market would witness market growth of 13.7% CAGR during the forecast period (2023-2029).
People who work from home might need to access crucial files on the employer's network, which requires a secure connection. Therefore, a VPN connection is frequently needed to access the network. The use of encryption methods and connections to private servers by VPN services both help to lower the likelihood that sensitive information will be compromised.
Additionally, business travelers regularly use VPNs to access their company network while on the go, including all its local network resources. As a result, security is improved because the local resources don't have to be directly accessible via the Internet. Users can also set up a private VPN to connect to their home network while away. As a result, they can use local file shares, access a Windows Remote Desktop over the Internet, and play games online as if they were on the same LAN.
If a person uses a public Wi-Fi connection, anyone nearby can see what they're doing when they visit non-HTTPS websites if they know where to look. Connecting to a VPN will allow users to conceal their surfing behavior for more privacy. After that, the VPN connection will carry all additional traffic. VPNs also facilitate easy access to geo-blocked websites and bypass internet censorship.
Businesses in this market are converting from on-premises to cloud-enabled VPNs due to the latter's improved scalability and availability, which is causing the market to expand. Additionally, it is projected that the installation of this software on portable devices would help the virtual private network industry in North America grow. North America has the fastest rate of adoption of contemporary technology, including artificial intelligence (AI), big data analytics, and cloud computing. The growth of this market is being driven by service providers' deployment of virtual private network software that incorporates artificial intelligence.
The US market dominated the North America Virtual Private Network Market by Country in 2022; thereby, achieving a market value of $25.3 billion by 2029. The Canada market is showcasing a CAGR of 15.9% during (2023 - 2029). Additionally, The Mexico market would register a CAGR of 15.6% during (2023 - 2029).
Based on Offering, the market is segmented into Solution and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on End User, the market is segmented into Commercial Users and Individual Users. Based on Type, the market is segmented into Remote Access VPN, Site-to-Site VPN, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Virtual Private Network Market is Projected to reach USD 101.3 Billion by 2029, at a CAGR of 15.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., Juniper Networks, Inc., Check Point Software Technologies Ltd., Absolute Software Corporation (NetMotion Software), Gen Digital, Inc., Nord Security, Radio IP Software and Golden Frog, GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Mode
By End User
- Commercial Users
- Individual Users
- Remote Access VPN
- Site-to-Site VPN
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Microsoft Corporation
- Cisco Systems, Inc.
- Juniper Networks, Inc.
- Check Point Software Technologies Ltd.
- Absolute Software Corporation (NetMotion Software)
- Gen Digital, Inc.
- Nord Security
- Radio IP Software
- Golden Frog, GmbH
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