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:

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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Attachment

• Global Market for Virtual Private Network (VPN)