What Fueled The Previous Growth In The Virtual Private Network (VPN) Market?
The virtual private network (vpn) market has seen considerable growth due to a variety of factors.
• The size of the virtual private network (VPN) market has surged remarkably over the past few years. It is projected to expand from a valuation of $61.42 billion in 2024 to a staggering amount of $71.66 billion in 2025, with a compound annual growth rate (CAGR) of 16.7%.
Factors such as data privacy legislation, heightened internet monitoring, online liberty and averting censorship, hybrid work structures, and strict data protection laws have fueled the growth during the historical period.
What Is The Expected Growth In The Virtual Private Network (VPN) Market Size?
The virtual private network (vpn) market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the virtual private network (VPN) is predicted to experience significant expansion over the upcoming years, escalating to $154.09 billion in the year of 2029 at a compound annual growth rate (CAGR) of 21.1%.
The surge during the prediction period is due to factors such as the transition towards zero trust security patterns, emphasis on endpoint security, promotion of privacy consciousness and rights, industry-specific safety regulations, and the introduction of hybrid work models. Main trends during this forecast period comprise advanced methods of user authentication, bolstered collaboration with cybersecurity platforms, incorporation with next-generation firewalls, cross-industry teamwork for threat awareness, focus on network performance, and integration with secure web gateway, along with dynamic access policies.
What Are The Leading Drivers Of Growth In The Virtual Private Network (VPN) Market?
The virtual private network market is anticipated to grow due to the rise in cyberattacks in the future years. Companies are embracing VPN technologies for their abilities to securely transfer data and minimize cyberattack risks. The Department of Defence Australia, a governmental unit, reported on November 20, 2023, that there were over 94,000 cybercrime reports received by the Australian Cyber Security Centre during the financial year 2022-2023. This was a 23 percent rise compared to the preceding year, 2021-22. Therefore, as cyberattacks increase, they fuel the expansion of the virtual private network market.
How Are The Segments Defined Within The Global Virtual Private Network (VPN) Market?
The virtual private network (VPN) market covered in this report is segmented –
1) By Type: IP VPN, Mobile VPN, Cloud VPN, Multiprotocol Label Switching (MPLS)
2) By Component: Solution, Services
3) By Connectivity: Site-To-Site, Remote Access, Extranet
4) By Deployment: Cloud, On-Premise
5) By End-User: BFSI, Manufacturing, Healthcare, Telecom And IT, Government, Other End Users
Subsegments:
1) By IP VPN: Site-To-Site IP VPN, Remote Access IP VPN, Mobile VPN
2) By Mobile VPN: Client-Based Mobile VPN, Network-Based Mobile VPN
3) By Cloud VPN: Cloud-Based IPsec VPN, SSL VPN
4) By Multiprotocol Label Switching (MPLS): MPLS Layer 2 VPN, MPLS Layer 3 VPN
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How Are New Trends Expected To Influence The Growth Of The Virtual Private Network (VPN) Market?
The escalating progress in technological breakthroughs is propelling the virtual private network (VPN) market's growth. Various VPN service providers are augmenting their investments in VPN technologies to offer agile and uninterrupted internet connectivity along with remote access. For example, Brave Software Inc., an internet privacy tools supplier based in Canada, launched its Firewall + VPN service for desktop platforms in March 2023. This launch goes hand in hand with its already available VPN services on Android and iOS, thus ensuring comprehensive security across various platforms. The pioneering VPN subscription model that supports cross-device usage allows users to protect up to five devices, including Android, iOS, macOS, and Windows under a single subscription.
Who Are the Key Players in the Virtual Private Network (VPN) Market?
Major companies operating in the virtual private network (VPN) market include:
• Check Point Software Technologies Ltd.
• Cisco Systems Inc.
• Golden Frog GmbH
• Juniper Networks Inc.
• Microsoft Corporation
• Safer Social Ltd.
• Avast Software s. r. o.
• Citrix Systems Inc.
• Sectra AB
• Google LLC
• International Business Machines Corporation
• NetMotion Software Inc.
• WatchGuard Technologies Inc.
• Array Networks Inc.
• NCP Engineering GmbH
• BlackBerry Limited
• Smith Micro Software Inc.
• GZ Systems Ltd.
• ExpressVPN International Ltd.
• NordVPN S. A.
• Surfshark Ltd.
• London Trust Media Inc.
• CyberGhost S. A.
• Mudhook Media Inc.
• J2 Global Inc.
• VPNetworks LLC
• ProtonVPN AG
• eVenture Limited
• Windscribe Limited
• Mullvad AB
• Edalia Srl
• Perfect Privacy LLC
What Is The Most Dominant Region In The Virtual Private Network (VPN) Market?
North America was the largest region in the virtual private network market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtual private network (VPN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
