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Virtual Private Network Market 2020 Global Industry Overview by Size, Trends & Growth Forecast To 2026

Author : Ronak Bora | Published Date : 2020-09-15 

Escalating need to protect digital data from cyberattacks and data breaches may stimulate the demand for virtual private network market over the coming years. Organizations nowadays deal with large amounts of sensitive data that needs to be protected from unsolicited visitors. This need has compelled numerous enterprises to strengthen their virtual security by implementing advanced security platforms like VPNs.

For the record, VPN solutions offer effective data transmission between computing machines over a shared or private network connection. It facilitates remote access features to enterprise network by running their IP on public networks, further eradicating the need to set up an added enterprise network infrastructure.

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The virtual private network market is slated to pick up significant momentum in coming years owing to the rising incidences of cybercrime and online frauds. A VPN network is a connection method or programming which is used to add security and privacy to private as well as public networks. For example, like the internet, and Wi-Fi Hotspots.

It also uses tunneling protocols in order to encrypt information at sending end as well as decrypt it at receiving end. The sending and receiving end network addresses are also encrypted so as to provide extra security.

Virtual private networks are utilized to give remote corporate employees, business travelers, and gig economy freelance workers access to software applications which are facilitated on proprietary networks. While gaining access through a VPN to a restricted resource, it is ensured that the user is authorized to utilize the VPN app and can offer one or more authentication factors, like biometric data, password security, or security token.

Some major findings of the virtual private network market report include:

  • The growing need for protection against data breaches & cybercrimes and remote access across enterprises are supporting technology development in the market
  • North America is expected to hold a major market share for VPN solutions due to adoption of BYOD and work from home trends
  • Major players operating in the virtual private network market are Cisco Systems Inc., Google LLC, IBM Corporation, Microsoft Corporation, Smith Micro Software Inc. etc.
  • Companies operating in the market are focusing on the development of advanced VPN solutions, such as embedded firewall VPN routers and IP VPN

The growing demand for secure connectivity and privacy to handle highly sensitive data across industries is expected to support virtual private network market growth. The advanced capabilities to safeguard business network connectivity and reduction in network infrastructure costs are driving the demand for VPN software and services. VPN solutions provide data transmission between computing devices over private or shared network connection. In addition, it provides remote access to the enterprise network via IP running on public networks, eliminating the need for an additional enterprise network infrastructure.

North America is expected to hold above 30% share of the virtual private network market by 2026.  Employees across multiple organizations in the U.S. and Canada are using VPN for remote access and work from home purposes. The COVID-19 outbreak has affected the large-scale enterprise ecosystems in the country. The governments and enterprises are encouraging employees to work from remote locations to minimize business risks. The enterprises are extensively adopting VPN solutions. For instance, in March 2020, OpenVPN announced that over 76% enterprises in North America deployed VPN solutions over network infrastructure for optimum business processes.

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The companies operating in the market are focusing on development of advanced VPN solutions. VPN vendors are continuously developing and advancing their VPN services as per the technology evolution. This is expected to drive the demand from enterprises for VPN services to safeguard the IT infrastructure. For instance, in February 2020, Zyxel Communications launched ZyWall VPN1000 firewall for enterprise customers. The firewall features extended security, privacy, and multiple connectivity capabilities. This helped the company to offer advanced security solution for communication infrastructure.

Table of Contents (ToC) of the report:

Chapter 5  Virtual Private Network Market, By Component

5.1   Key trends, by component

5.2   Hardware

5.2.1    VPN hardware market

5.3   Software

5.3.1    VPN software market

5.4   Services

5.4.1    VPN services market

Chapter 6  Virtual Private Network Market, By Type

6.1   Key trends, by type

6.2   IP-VPN

6.2.1    IP-VPN market

6.3   MPLS-VPN

6.3.1    MPLS-VPN market

6.3.2    Mobile VPN    Mobile VPN market

6.3.3    Cloud VPN    Cloud VPN market

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/virtual-private-network-vpn-market

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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