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Europe Virtual Private Network (VPN) Market Size to Expand at Over 9% CAGR through 2026

Author : Ronak Bora | Published Date : 2020-11-18 

Europe has been challenged by various cyberattacks and online threats, that has put forth a dire need for deployment and adoption of advanced security technologies and internet penetration. This has, indeed, paved way for the overall growth of Europe virtual private network market, which is anticipated to reach a mammoth valuation of USD 15 billion by the end of 2026. The growth is predominantly ascribed to rising government initiatives that look forward towards putting down various norms and strategies to tighten the cyber security across various industrial as well as commercial domains.

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For instance, as per the International Telecommunications Union report of 2019, Europe had recorded nearly 568 million internet users. Likewise, in October 2019, the National Cyber Security Center in the United Kingdom instructed users to reduce the use of VPN software in wake of the potential cyberthreats and vulnerabilities.

Such initiatives, in line with the below mentioned trends, are likely to open up new growth opportunities for the overall virtual private network market across Europe over 2020-2026:

Exhaustive use of VPN services

VPN services are being abundantly used across various commercial sectors in the European region. In fact, reports estimate that the VPN service segment would exhibit a growth rate of 10 per cent through 2026, massively driven by the rising demand for agility in ‘Bring Your Own Devices’ policies and security management across network infrastructure. On top of that, enterprises have been looking forward to deploying these services for accomplishing stringent latency requirements for business operations.

Increased deployment of mobile VPN

Proliferation of smartphones and cloud services across Europe has enabled the mobile VPN segment to grow at a rate of 12 per cent over the forecast time frame. Various enterprises have been leveraging mobile VPN to establish a VPN server at the edge of their network, allowing these companies to provide a superior and secure access to authenticated users for enterprises’ resources.

Prominence of site-to-site VPN connectivity; enhanced security

In an attempt to ensure maximum cyber security, companies have begun adopting site-to-site VPN servers to establish a remote connection between geographically diverse sites. As per the given report, site-to-site connectivity sector is projected to depict a CAGR of 7 per cent through 2026, given its robust advantage of management with VPN gateways including routers and firewall.

Growing need of VPN services and solutions for consumer purposes

Today, VPN services and solutions are finding increased momentum for consumer purposes, allowing the segment to proliferate at a rate of 14 per cent over the analysis timespan. Various big companies involved in the sales of smartphones are now offering built-in VPN software to suit to the consumer needs. Such devices let the users cloak their activities with very minimal set up requirements. These solutions are capable of providing secure and encrypted connection between the public internet connection.

Mounting incidences of cyberattacks in France

France has emerged as a prominent hub for VPN services deployment, due to the rising incidences of cyberattacks in the country. This has urged country government authorities to focus on expanding high speed broadband network, while also emphasizing on taking necessary efforts to counter these attacks.

For an example, the government had in October 2019, issued a security advisory for engineering service providers and offices pertaining to cyberattacks over the events of cyberthreats reported by Expleo and Airbus. The government has also promoted use of VPN and encryption technologies as an added safeguard while also implementing enterprise wide cybersecurity policies.

Burgeoning initiatives by industry majors

Europe VPN market is highly consolidated and boasts of the presence of experienced and top notch players including AnchorFree GmbH, Cisco Systems, Inc., NordVPN, and Citrix Systems amongst others. These firms have been brainstorming into the possibilities of developing novel innovation in the business field with an intent of seizing a prominent position in the European market. For instance, NordVPN had in early 2020, reported elevating sales of its VPN services in Netherlands.

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1431/europe-virtual-private-network-vpn-market
 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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