Virtual Private Network (VPN) Global Market to Reach $137.7 Billion by 2030: Growing Threat of Cyberattacks and Data Breaches Spurs Adoption of VPNs


Dublin, April 10, 2023 (GLOBE NEWSWIRE) -- The "Virtual Private Network (VPN): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Virtual Private Network (VPN) estimated at US$44.6 Billion in the year 2022, is projected to reach a revised size of US$137.7 Billion by 2030, growing at a CAGR of 15.1% over the analysis period 2022-2030.

Multiprotocol Label Switching, one of the segments analyzed in the report, is projected to record a 15.2% CAGR and reach US$67.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Cloud segment is readjusted to a revised 17.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.5 Billion, While China is Forecast to Grow at 17.6% CAGR

The Virtual Private Network (VPN) market in the U.S. is estimated at US$16.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$21.5 Billion by the year 2030 trailing a CAGR of 17.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 12.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$14.6 Billion by the year 2030.

Select Competitors (Total 155 Featured) -

  • Array Networks, Inc.
  • Avast Software s.r.o
  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • Citrix Systems, Inc.
  • CyberGhost S.R.L.
  • Express VPN International Ltd.
  • Golden Frog GmbH
  • Google Inc.
  • Juniper Networks, Inc.
  • Microsoft Corporation
  • NCP Engineering GmbH
  • NetMotion Software
  • NordVPN
  • OpenVPN Inc.
  • Opera Norway AS
  • Pango Inc.
  • TunnelBear Inc.
  • Watchguard Technologies, Inc.
  • Windscribe Limited

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages688
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$44.6 Billion
Forecasted Market Value (USD) by 2030$137.7 Billion
Compound Annual Growth Rate15.1%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • COVID-19 Pandemic Provides Strong Push for Virtual Private Networks (VPNs)
  • Threat to Security and Privacy: Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
  • VPN Adoption Surges as COVID-19 Pandemic Leads to a Rise in Remote Work and WFM Culture
  • Average Weekly Increase in VPN Usage in March-2020
  • COVID-19 Outbreak Redefines VPN Security for Corporate Sector
  • An Introduction to Virtual Private Network (VPN)
  • Types of VPNs
  • Global Market for Virtual Private Network (VPN): Prospects & Outlook
  • The Importance of VPNs
  • Hardware Captures a Significant Share of VPN Market
  • Global VPN Market by Component (in %) for 2020E
  • MPLS Segment Leads the VPN Market
  • Large Enterprises Capture Major Market Share
  • Global SSL VPN Market by Enterprise Size (in %) for 2020E
  • Cloud VPN Market: A High Growth Segment
  • BFSI: The Major End Use Segment
  • Developed Regions Lead, Developing Economies to Spearhead Future Growth
  • The Future of VPN Technology
  • Competition
  • Comparative Review of Top Virtual Private Networks
  • World Brands
  • Recent Market Activity
  • Virtual Private Network (VPN) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Transforming the Way Users Browse the Internet, VPNs Continue to Gain Prominence for Businesses & Consumers Alike
  • VPN Usage Statistics: An Overview
  • Global VPN User Base Breakdown (in %) by Gender
  • Global VPN User Base Breakdown (in %) by Age Group
  • Growing Threat of Cyberattacks and Data Breaches Spurs Adoption of VPNs
  • Cybersecurity Breaches Related to COVID-19 Outbreak during the Period Jan-Apr 2020
  • Impact of Pandemic on Businesses: % of Companies Affected by the COVID-19 Crisis
  • Average Annual Cost of Cybercrime (in US$ Million) by Industry for the Years 2017 and 2018
  • Average Cost of Cyberattacks (in US$ Thousand) by Type for 2017 and 2018
  • Average Cost of Data Breach Per Organization Worldwide (in US$ Million) for 2014-2019
  • Implementation of Effective Security Solutions Highly Critical to Prevent Hacks
  • Notable Future Trends in Enterprise VPNs
  • Internet Opens Up a Range of Online Security Issues, Bringing to Light the Importance of Secure Access to Networks
  • Percentage Penetration Rate (%) of Internet Users by Region (As of March 2021)
  • Number of Internet Users Worldwide (in Billions) for the Years 2011-2021
  • Breakdown of Internet Users (in %) by Region As of March 2021
  • Digital Transformation of Businesses and Changing Work Cultures Accelerate VPN Adoption
  • Global Digital Transformation Spending (In US$ Billion) for Years 2017 through 2023
  • VPN Rides the Wave of Transforming Workplace Norms
  • Global Enterprise Mobility Market (in US$ Billion) for the Years 2019, 2022, and 2025
  • Security Issues Concerning BYOD Adoption in Businesses Drive VPN Adoption: % of Businesses Citing an Issue as a Security Concern
  • Pandemic Accelerates Adoption of Remote Work or WFM Policies
  • WFM Employees as a % of the Total Workforce
  • With Video & Web Conferencing Solutions Becoming Integral to Communications Amidst the Pandemic, VPN Adoption Rises among Enterprises
  • Numerous Video Conferencing Benefits and Resultant Rise in Adoption Spurs Need for VPNs to Enable Secure Meetings: % of Businesses Citing a Video Conferencing Benefit
  • Rapid Growth of Media Streaming Services Leads to an Increase in VPN Adoption
  • Entertainment Emerges as a Key Reason Driving VPN Usage: % of VPN Users Citing the Reason for Using VPN Services
  • COVID-19 Outbreak Increases Demand for Streamed Media Services: Streamed TV & Video Content Growth (in %) by Select Countries for 2nd Week Vs 1st Week in March 2020
  • Global OTT Market Revenues (in US$ Billion) by Segment for the Years 2019 & 2025
  • % of VPN Users Frequently Accessing TV Streaming Services by Service
  • VPN Bypasses to Drive Adoption among Private Consumers
  • With Remote/Online Education Becoming the Norm in a COVID-19 Hit World, Security and Privacy Benefits Drive Adoption of VPNs
  • Global E-Learning Market Size in US$ Million by Region/Country for 2020 & 2027
  • A Glance at Popular VPNs for College Institutions
  • Need for Enhanced Mobile Security Boosts Mobile VPN Market
  • Growing Security Risk in Mobile Devices to Stimulate Mobile VPN Usage: Number of Malicious App Installations in Mobile Devices for the Period Q1 2019 to Q1 2020
  • Smartphone VPN: Providing Secure & Reliable Internet Connectivity for Smartphones
  • Rising Smartphone Usage Enhances Need for Secure Access to Online Services: Penetration Rate of Smartphones as a % of Total Population: 2016-2021
  • Popular Android VPNs
  • Number of Mobile Client Installations (in Thousands) in App Store by VPN Brand for 2019
  • Number of Mobile Client Installations (in Thousands) in Google Play Store by VPN Brand for 2019
  • Top Mobile VPN Service Providers: Ranked by Number of Installations for the Period Jan-May 2020
  • Cloud VPN Market Poised to Grow at a High Rate
  • Site-to-Site VPN Market Benefits from Rising Enterprise Investments into Networking Solutions
  • Anonymity and Privacy Advantages Drive Adoption of VPNs among Consumers
  • Small Businesses Poised to Benefit from VPN Adoption
  • OpenVPN Access Server Facilitates Faster VPN Deployment
  • Promise of Better Security Supports Adoption of VPN in BFSI Sector
  • Government Agencies Struggle with Legacy VPNs amidst the COVID-19 Outbreak
  • Use of VPN among Healthcare & Emergency Service Providers on the Rise
  • Telecommunication Industry Makes Use of VPN Capabilities
  • Restrictions on VPN, Political Censorship and Regulations in Certain Nations Impede Market Growth
  • Number of Government Requests to Google for Information on User Data and Activity by Country for H1 2020
  • VPN Holds Potential as Digital Marketing Tool
  • How VPN Helps in Protecting Online Privacy
  • Key Security and Performance Challenges of VPNs
  • Common Problems and Vulnerabilities Related to Deployment of VPN Services
  • VPNs May Fall Short in Protecting Against Current Sophisticated Cyberattacks
  • Emergence of Alternatives Threatens VPN

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ecu12y

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Global Market for Virtual Private Network (VPN)

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