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VPN Market Size to Grow by USD 33.95 billion | Growing Adoption of BYOD Policies in Organizations to Drive Market Growth | Technavio

·4 min read

NEW YORK, Dec. 6, 2021 /PRNewswire/ -- The virtual private network (VPN) market is fragmented. Vendors are using various inorganic and organic growth strategies to compete in the market. The market size is expected to increase by USD 33.95 billion from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 15.54%. Technavio offers a thorough analysis of the current global market scenario and the overall market environment.

Attractive Opportunities in VPN Market by Type and Geography - Forecast and Analysis 2022-2026
Attractive Opportunities in VPN Market by Type and Geography - Forecast and Analysis 2022-2026

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VPN Market: Driver

The growing adoption of BYOD policies in organizations is driving the demand for VPN solutions, which is driving the growth of the market. Organizations are implementing BYOD policies to save on hardware and telecommunication costs. However, enterprises implement security standards to control applications and content on mobile devices. Thus, VPN technology and other mobile security products are key components in organizations to encrypt data on employees' devices.

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VPN Market: Segmentation Analysis

The VPN market has been segmented by type (MPLS, IP, and others) and geography (North America, Europe, APAC, South America, and MEA).

By type, the MPLS segment will have significant market share growth during the forecast period. An MPLS VPN helps business secure their capability of transmitting data and using real-time application services. It also unifies its video, voice, data, and mobility communications, with better performance when compared to the public Internet. Hence, enterprises are significantly investing in MPLS VPN solutions.

By geography, APAC is expected to account for 27% of the market's growth during the forecast period, with China and Japan being the key countries. Moreover, market growth in APAC is expected to be faster when compared to other regions.

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Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Competitive scenario

VPN Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 15.54%

Market growth 2022-2026

USD 33.95 billion

Market structure

Fragmented

YoY growth (%)

15.57

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 27%

Key consumer countries

US, UK, China, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alphabet Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., International Business Machines Corp., Juniper Networks Inc., Kape Technologies Plc, McAfee Corp., Microsoft Corp., NCP engineering GmbH, and NordVPN

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)
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SOURCE Technavio