Virtual Private Network (VPN)

Global Virtual Private Network (VPN) Market to Reach US$116.0 Billion by 2030

The global market for Virtual Private Network (VPN) estimated at US$58.6 Billion in the year 2024, is expected to reach US$116.0 Billion by 2030, growing at a CAGR of 12.0% over the analysis period 2024-2030. Multiprotocol Label Switching, one of the segments analyzed in the report, is expected to record a 12.2% CAGR and reach US$57.0 Billion by the end of the analysis period. Growth in the Cloud segment is estimated at 13.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$22.6 Billion While China is Forecast to Grow at 14.6% CAGR

The Virtual Private Network (VPN) market in the U.S. is estimated at US$22.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.3 Billion by the year 2030 trailing a CAGR of 14.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.7% and 10.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.1% CAGR.

Global Virtual Private Network (VPN) Market - Key Trends and Drivers Summarized

A Virtual Private Network (VPN) is a technology that creates a safe and encrypted connection over a less secure network, such as the internet. VPN technology was primarily developed to allow remote users and branch offices to access corporate applications and resources securely. The use of VPNs extends to individual users who utilize the services to secure their private browsing habits from their ISPs, while gaining over geo-restrictions and censorship, thus enhancing their privacy and security on the internet. VPNs encrypt the user`s internet traffic and disguise their online identity, making it more difficult for third parties to track their activities or steal data. The system operates by routing the device’s internet connection through the VPN’s private server rather than the user`s internet service provider (ISP), thereby masking data transmissions, the user`s IP address, and location.

The application of VPNs has expanded beyond corporate settings to personal consumer use due to growing concerns about personal privacy and security, particularly in public Wi-Fi networks. This shift is amplified by an increase in the number of cyberattacks and data breaches that target personal information and sensitive data. VPNs are increasingly adopted by individuals looking to protect their browsing activities and personal data from prying eyes on the internet. Moreover, as global internet censorship has increased and streaming services have grown popular, VPNs have become crucial in accessing restricted websites and media from different countries. This has particularly been the case in countries with restrictive government regulations on internet access, and for people working remotely who need to access network resources securely from different parts of the world.

The growth in the VPN market is driven by several factors, including heightened public awareness of cybersecurity threats, stringent data protection regulations, and the widespread increase in remote work arrangements. The rising prevalence of cyber threats and growing concerns over digital privacy have led consumers and businesses alike to seek out VPN services. Legislative and regulatory changes such as the GDPR in Europe and similar regulations globally have compelled both corporate and individual users to adopt VPN services to ensure compliance and protect data privacy. Furthermore, the COVID-19 pandemic accelerated the adoption of remote work models, necessitating secure access to corporate networks from remote locations and thereby boosting the demand for VPNs. The increasing penetration of internet and mobile device usage in emerging markets also contributes to growth, as new users seek ways to secure their online activities.

SCOPE OF STUDY:

The report analyzes the Virtual Private Network (VPN) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Multiprotocol Label Switching, Cloud, IP, Mobile); End-Use (BFSI, IT & Telecom, Government, Healthcare, Manufacturing, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 155 Featured) -

• AT&T, Inc.
• BT GROUP PLC
• Barracuda Networks, Inc.
• Check Point Software Technologies Ltd.
• Array Networks, Inc.
• Aloha Mobile Limited
• ActMobile Networks, Inc.
• Astrill Systems Corporation
• Avast Software Sro
• Acens Technologies SLU
• Acevpn
• CactusVPN Ltd.
• Antenna Hungaria
• Alhambra Systems, S.A.
• Anticlockwise Pty Limited

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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