Global Virtual Private Network (VPN) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Virtual Private Network (VPN) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A virtual private network (VPN) is a network that is constructed using public wires-usually the Internet-to connect remote users or regional offices to a company's private, internal network.

Market Overview:

The latest research study on the global Virtual Private Network (VPN) market finds that the global Virtual Private Network (VPN) market reached a value of USD 40902.54 million in 2022. It’s expected that the market will achieve USD 88396.19 million by 2028, exhibiting a CAGR of 13.71% during the forecast period.

In the fight against the coronavirus pandemic, the global demand for business virtual private networks is surging with the trend of working from home. VPN providers and Internet service providers are doing their best to cope with the growth in overall Internet traffic from isolated populations around the world. Online searches for VPNs worldwide began to surge in mid-March following the World Health Organization's pandemic announcement on March 11. Since the implementation of COVID-19 social isolation measures, demand has spiked in 75 countries/regions.

VPN usage spiked during the coronavirus crisis in the U.S., increasing 124% in the two weeks from March 8, 2020 to March 22, 2020. The increase in VPN usage can be attributed to many reasons, the most popular being access to other digital media content and social networks, and most importantly, access to different news sources. As certain countries/regions restrict access to many news and media outlets, users often use VPNs to keep up with the latest developments.

Strength

VPNs have several benefits: they are relatively inexpensive, are based on standards, provide global coverage, and are the shortest path to creating a secure extranet.

VPNs address three networking goals in organizations that have a mix of connectivity requirements. These goals include the following: Gain the ability to provide remote, traveling, and telecommuting workers with access to central network resources; Securely interconnect remote offices to enable corporate intranets; Supply partners, suppliers, and customers with controlled access to selected network resources.

Weakness

VPN Abuse. The rise of virtual private networks (VPNs) is a product of the accessibility of the Internet and the influx of online services. VPNs have facilitated public access in the digital environment. However, because of their nature, which is often used to bypass site blockers and allow users to remain freely anonymous, VPNs have unwittingly aided the growth of suspicious Internet activity. As a result, this has confused cyber law.

Lack of knowledge about mobile security solutions in developing countries is limiting the growth of the VPN market. Recent trends reflect the widespread adoption and implementation of two-factor authentication in many countries. The challenge for many enterprises is to balance the need and necessity for security and cost, and to ensure that users are not tied to onerous security measures. Moreover, some countries have not adopted mobile VPNs because individuals are accessing content from the Internet via a VPN that is blocked by that country's government.

Risk of information leakage. Leaks are likely due to the negligent practice of providers of free VPNs recording user information and failing to take proper precautions to secure the information. VPNs not only store user information but also retain default server login information, which makes them extremely easy to access.

Region Overview:

In 2021, the share of the Virtual Private Network (VPN) market in North America stood at 35.58%.

Company Overview:

Cisco Systems Inc, Microsoft, NordVPN, ExpressVPN and Kape are the five key players in the global Virtual Private Network (VPN) market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Virtual Private Network (VPN) market in the past 5 years.

Cisco Systems Inc

Cisco is engaged in designing and selling a range of technologies across networking, security, collaboration, applications and the cloud. Its product and technologies include infrastructure platforms; applications; security and other products. Infrastructure Platforms consists of its core networking technologies of switching, routing, data center products and wireless that are designed to work together to deliver networking capabilities and transport and store data. Application product category consists primarily of software-related offerings that utilize the core networking and data center platforms to provide their functions. Security product category primarily includes unified threat management products, threat security products and Web security products.

Microsoft

Microsoft is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company's segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers. It also designs, manufactures, and sells devices, including personal computers (PCs), tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories, that integrate with its cloud-based offerings. It offers an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content, and it provides solution support and consulting services.

Segmentation Overview:

As for product types, the Site-to-Site VPN segment held the largest market share in 2021.

Remote Access VPN

A remote access VPN securely connects a device outside the corporate office. These devices are known as endpoints and may be laptops, tablets, or smartphones.

Site-to-Site VPN

A site-to-site VPN connects the corporate office to branch offices over the Internet.

Application Overview:

The market's largest segment by application is the segment Corporate VPN Users, with a market share of 78.84% in 2021.

Key Companies in the global Virtual Private Network (VPN) market covered in Chapter 3:

PureVPN
Golden Frog GmbH
Pango
TunnelBear LLC
Microsoft
KeepSolid Inc
Kape
Cisco Systems Inc
Windscribe Limited
HMA
ExpressVPN
NordVPN
IPVanish
Radio IP Software Inc

In Chapter 4 and Chapter 14.2, on the basis of types, the Virtual Private Network (VPN) market from 2018 to 2029 is primarily split into:

Remote Access VPN
Site-to-Site VPN
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Virtual Private Network (VPN) market from 2018 to 2029 covers:

Personal VPN Users
Corporate VPN Users

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)