Virtual Private Network Market Emerging Trends and Global Demand | Avast Software S.R.O., Checkpoint Software Inc, Cisco System Inc

The global Virtual Private Network (VPN) market was valued at $25.41 billion in 2019, and is projected to reach $75.59 billion by 2027, growing at a CAGR of 14.7% from 2020 to 2027.

Virtual Private Network Market by Component (Solution and Services), Type (Remote Access VPN, Site-to-Site VPN, and Others), Deployment (Cloud and On-premise), and End User (Commercial Users and Individual Users): Global Opportunity Analysis and Industry Forecast, 2020-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Virtual Private Network market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Virtual Private Network market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Key Segments Studied in the Global Virtual Private Network Market

According to a recent report, titled, “Virtual Private Network Market by Component, Type, Deployment, and End User: Opportunity Analysis and Industry Forecast, 2020-2027,”

The global Virtual Private Network (VPN) market was valued at $25.41 billion in 2019, and is projected to reach $75.59 billion by 2027, growing at a CAGR of 14.7% from 2020 to 2027.

VPN is an encrypted connection over the internet from a device to a network. It ensures that sensitive data is securely transmitted. It averts unauthorized individuals from spying on the traffic and enables the user to conduct work safely & remotely. VPN technology is widely used in corporate environments.

Increase in advanced and complex cyber threats, rise in data security concerns, and surge in usage of mobile & wireless devices within organizations are the major factors that drive the growth of the virtual private network market. In addition, rise in need for remote accessibility also boosts the growth of the virtual private network industry. However, lack of expertise in virtualization is anticipated to hamper the VPN market growth. On the contrary, augmented adoption of private clouds is expected to provide lucrative opportunities for the market growth in the coming years.

According to component, the solution segment held majority of the virtual private network market share in 2019 due to its capabilities to enable hiding online identity, bypassing geo-blocks, preventing bandwidth throttling, avoiding online price discrimination, accessing region-blocked services, providing network scalability, and offering cheaper leased-line alternatives. Further, rapidly changing norms of work and the shifting commercial networking requirements are anticipated to increase the demand for VPN solutions.

In addition, functionalities, such as control features, reporting, and management of VPN solution, support the VPN demand. Market vendors also collaborate with vendors of mobile VPN and NAC solution providers as part of the business strategy to increase the VPN solutions sales, further fuelling the growth of the virtual private network industry.

By deployment, the cloud segment accounted for the highest share in the virtual private network market in 2019, owing to growing preference for cloud technology to reduce maintenance and costs. Key market players launch virtual private cloud to provide a secure gateway and private on-premise access to cloud resources. Further, the market players are proposing virtual private cloud to help users in creating a private cloud computing environment over the shared public cloud infrastructure.

As per region, the global virtual private network market was dominated by North America in 2019. The major presence of leading market vendors developing virtual private network solution and early adoption of advanced networking security technology in North America are the major drivers for the virtual private network market growth. In addition, the need to protect business critical information from data breaches and malicious attacks while working remotely further propels the market growth in this region.

The outbreak of COVID-19 is anticipated to have a significant impact on the growth of the virtual private network market. Although, various industries are majorly hit by lockdown imposed in many countries, the spending on virtual private network solutions by corporate as well as individual users is expected to increase during this pandemic. This is attributed to the need to provide secure working environment and ensure privacy of business critical information especially during the work from home period. For instance, as per Masergy, it observed sudden spike in VPN connections from March 10th to 18th 2020, increasing by 676% in more than a week. Furthermore, rise in number of fraudulent activities and cybercrimes post COVID-19 emergence is also expected to boost the VPN market growth.

 

Key findings of the study

By component, the services segment is expected to witness the highest CAGR during the forecast period.

On the basis of deployment mode, the cloud segment accounted for the highest virtual private network market share in 2019.

Depending on type, the remote access segment accounted for the highest virtual private network market size in 2019.

As per end user, the commercial users segment led the global VPN market in 2019.

Region-wise, North America accounted for the highest revenue in 2019; however, Asia-Pacific is anticipated to exhibit the highest growth during the forecast period.

The global virtual private network market analysis includes some of the key market players such as Avast Software S.R.O., Checkpoint Software Inc, Cisco System Inc, Golden Frog GmbH, IBM Corporation, Juniper Networks Inc, Microsoft Corporation, NetMotion Software Inc, NordVPN, and Radio IP Software Inc.

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

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Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include: Market Sizing and Structuring,  Micro and macro analysis,  Regional dynamics and Operational landscape,  Demographic profiling and Addressable market,  Legal Set-up and Regulatory frameworks,  Profitability and Cost analysis,  Segmentation analysis of Market,  Existing marketing strategies in the market,   Best practice,   GAP analysis,  Competitive landscape,   Leading market players,   Benchmarking,  Future market trends and opportunities – Scenario modeling

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:  Existing market infrastructures,    Market challenges and opportunities,    Potential for growth in certain industries in the coming years,    End-consumer target groups and their potential volumes of operation,    Best regions and segments to target ,    Pros and cons of various promotion models,    Touch points and an opportunity breakdown within the value chain,    Market size and growth rate during forecast period.,    Key factors driving the Market.,    Key market trends cracking up the growth of the Market.,    Challenges to market growth.,    Key vendors of Market.,    Detailed SWOT analysis.,    Opportunities and threats faces by the existing vendors in Global Market.,    Trending factors influencing the market in the geographical regions.,    Strategic initiatives focusing the leading vendors.,    PEST analysis of the market in the five major regions.

 

The Study Explore COVID 19 Outbreak Impact Analysis

  • What should be entry strategies, countermeasures to economic impact, and marketing channels?
  • What are market dynamics?
  • What are challenges and opportunities?
  • What is economic impact on market?
  • What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Virtual Private Network Market Report:

Global Virtual Private Network Market Research Report
Section 1: Global Virtual Private Network  Industry Overview
Section 2: Global Economic Impact on Virtual Private Network  Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Virtual Private Network  Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Virtual Private Network  Market Forecast

……..and view more in complete table of Contents

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