Virtual Private Network Global Market Sees Growth Rate Of 19% Through 2022

The global virtual private network market size is expected to grow from $38.56 billion in 2021 to $45.89 billion in 2022 at a compound annual growth rate (CAGR) of 19.0%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The VPN market is expected to reach $91.20 billion in 2026 at a CAGR of 18.7%.

What is the Global Virtual Private Network Market?

The virtual private network (VPN) market consists of sales of VPN software and solutions by entities (organizations, sole traders, and partnerships) that provides an encrypted connection over the internet from a device to a network. The encrypted connection helps in the secure transmission of sensitive data, protects against unauthorized traffic monitoring, and allows the user to work remotely. The virtual private network gives users private internet access, web security, and global remote access for multinational corporations, large corporations, and electronic devices.

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What drives the Global Virtual Private Network Market?

The increasing cyberattacks is expected to drive the growth of the virtual private network market in the coming years. Cyberattacks have been ranked as the fifth most important threat in 2020 and are expected to become the new norm in both the public and commercial sectors. Additionally, cyberattacks are anticipated to develop even more in 2022, with IoT cyberattacks alone projected to double by 2025. VPN technologies are being adopted by major corporations as they securely transfer data and reduce the risk of cyberattacks.

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Global Virtual Private Network Market Segments
The global virtual private network market is segmented:
By Type: IP VPN, Mobile VPN, Cloud VPN, Multiprotocol Label Switching (MPLS)
By Component: Solution, Services
By Connectivity: Site-To-Site, Remote Access, Extranet
By Deployment: Cloud, On-Premise
By End-User: BFSI, Manufacturing, Healthcare, Telecom And IT, Government, Others
By Geography: The regions covered in the VPN market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global VPN market.

Virtual Private Network Global Market Report 2022provides market size and growth forecasts for the global VPN market, global VPN market share, VPN market segments and geographies, VPN market competitive landscape including leading competitors’ revenues, profiles and market shares. The VPN market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Virtual Private Network Industry Playersinclude Check Point Software Technologies, Cisco Systems, Golden Frog, Juniper Networks, Microsoft Corporation, Safer Social Ltd, Avast, Citrix Systems, Columbitech, Google, IBM Corporation, NetMotion Software, WatchGuard Technologies, Array Networks, NCP Engineering, BlackBerry, Smith Micro Software, and GZ Systems Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.