The Worldwide Virtual Private Network Market is Projected to reach USD 101.3 Billion by 2029, at a CAGR of 15.1%

Published Date: 26-May-2023

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Virtual Private Network Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Virtual Private Network Market size is expected to reach $101.3 billion by 2029, rising at a market growth of 15.1% CAGR during the forecast period.

The Solution market is leading the segment in the Global Virtual Private Network Market by Offering in 2022; thereby, achieving a market value of $74.2 billion by 2029. This can be attributed to the advantages offered by virtual private network solutions. These include the ability to conceal one's identity online, avoid online pricing bias, access services that are restricted to a specific region, circumvent geo-blocks, prevent bandwidth throttling, and scale networks at a lower cost than traditional leased-line connections.

The Cloud market would register a CAGR of 16% during the forecast period. Due to a shift toward cloud-based deployment to reduce costs and maintenance. Leading industry companies now provide virtual private clouds (VPC) to provide secure on-premises access and a private gateway to cloud services. In order to help organizations set up a private cloud computing environment on public cloud infrastructure, vendors now provide virtual private clouds.

The Commercial Users market generated the high revenue in the Global Virtual Private Network Market by End User in 2022; thereby, achieving a market value of $73.9 billion by 2029. The increase is a result of increased concerns about building a secure network. Along the whole data lifecycle, VPN also helps to reduce risks. Instead, VPN services help business users win the trust of their customers.

The Site-to-Site VPN market would experience a CAGR of 15.3% during (2023 - 2029). To maintain effective communication, the need for remote access connectivity has gradually increased. Remote access provides data comparability and optimized bandwidth. The proliferation of mobile VPN devices and the rising desire for remote accessibility have been the main drivers of demand for the segment over the last few years.

The North America market dominated the Global Virtual Private Network Market by Region in 2022; thereby, achieving a market value of $34.4 billion by 2029. The Europe market is anticipated to grow at a CAGR of 14.8% during (2023 - 2029). Additionally, The Asia Pacific market would witness a CAGR of 16.1% during (2023 - 2029).

Full Report: https://www.kbvresearch.com/virtual-private-network-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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

Global Virtual Private Network Market Segmentation

By Offering

  • Solution
  • Services

By Deployment Mode

  • Cloud
  • On-premise

By End User

  • Commercial Users
  • Individual Users

By Type

  • Remote Access VPN
  • Site-to-Site VPN
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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

Unique Offerings from KBV Research

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  • The highest number of Market tables and figures
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  • Assured post sales research support with 10% customization free

Related Reports:

North America Virtual Private Network Market size & Opportunities 2023-2029

Europe Virtual Private Network Market & Growth Forecast 2023-2029

Asia Pacific Virtual Private Network Market Share & Industry Outlook to 2029

LAMEA Virtual Private Network Market Growth, Trends & Forecasts 2023-2029

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