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Asia Pacific Virtual Private Network (VPN) Market to observe 20%+ gains by 2024

Author : Ronak Bora | Published Date : 2019-03-25 

The North America region is leading the Virtual Private Network (VPN) Market with over 35% share in 2017. The growing number of cyber-attacks on enterprises across various business verticals drives the growth of the market. This encourages the organizations to implement Virtual Private Network solutions to shield their company resources from unsanctioned access. The European region is predicted to grow at a CAGR of over 13% during the forecast timeframe. This can be credited to the presence of a favorable regulatory scenario mandating various commercial establishments to adopt advanced cybersecurity mechanisms to protect the data. The Asia Pacific region is expected to grow at a CAGR of 20% over the forecast timeframe. The extensive digitalization across various business verticals and increasing proliferation of smartphones are further adding to the growth of the market.

The rising occurrence of a host of advanced, complex cybersecurity threats has helped impel the global virtual private network (VPN) market, given that these threats stand to jeopardize the integrity, privacy and data of businesses. With globalization becoming widely commonplace, and businesses striving to expand their sphere of influence to operate on an international level, the need for organizations to connect their business units together has also risen in proportion. These factors, over the last decade, have made the internet the preferred platform for companies and individuals to conduct their business. However, the vulnerability characterizing the internet has rendered it extremely inadequate in terms of security, a flaw that cybercriminals typically exploit to commit frauds & thefts.

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Virtual Private Network Market, By Connectivity

  • Site-to-site
  • Remote access
  • Extranet

Virtual Private Network Market, By Application

  • Consumer
    • Smartphones
    • Tablets
    • Laptops & PCs
  • Commercial
    • BFSI
    • Healthcare
    • IT & Telecom
    • Government
    • Manufacturing

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • Airvpn Di Paolo Brini
  • Anchorfree Gmbh
  • Anthasoft, S.A. De C.V.
  • Array Networks, Inc.
  • Avast Software s.r.o
  • Blackberry Limited.
  • Bufferd Inc.
  • Checkpoint
  • Cisco Systems, Inc.
  • Citrix Systems, Inc.
  • Columbitech Ab
  • Cryptzone
  • Cyber Ghost
  • Express VPN, LLC
  • Golden Frog, GmbH
  • Google, Inc.
  • IBM Corporation
  • Juniper Networks, Inc.
  • Microsoft Corporation
  • Mudhook Marketing, Inc.
  • NCP engineering GmbH
  • NetMotion Software, Inc.
  • Nord VPN
  • OPENVPN, Inc.
  • Opera Software
  • Safer Social Ltd.
  • Smith Micro Software, Inc.
  • TunnelBear, Inc.
  • WatchGuard Technologies, Inc.
  • Windscribe Limited

The commercial market is predicted to grow at a CAGR of over 15% during the projected timeline. The commercial segment consists of BFSI, healthcare, IT, manufacturing, and government verticals. The healthcare organizations are incorporating Virtual Private Network (VPN) solutions to protect their patient?s sensitive information and for digital recordkeeping. The consumer market is expected to grow at a CAGR of approximately 20% over the projected time period. The rising internet penetration and widespread adoption of mobile-enabled devices are propelling the growth of the consumer market. Moreover, customers are also using VPN products & services to gain access to restricted content and secure their devices from unauthorized access.

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The players operating in the Virtual Private Network (VPN) Market are AirVPN, Anthasoft, NCP Engineering GmbH, TunnelBear, Inc., WatchGuard Technologies, Inc., Safer Social Ltd., Smith Micro Software, Inc., NetMotion Software, Inc., OpenVPN, Inc., Opera Software, Avast Software s.r.o, Buffered, Ltd., Microsoft Corporation, Mudhook Marketing, Inc., IBM Corporation, Juniper Networks, Inc., Golden Frog GmbH, Google, Inc., Columbitech AB, CyberGhost VPN, ExpressVPN LLC, Cryptzone, Cisco Systems, Inc., Citrix Systems, Inc., Checkpoint Software Technologies, Blackberry Limited., Array Networks, Inc., AnchorFree GmbH, and Windsribe Limited. The VPN market is dominated by prominent companies such as Cisco, Microsoft, Google, and IBM. The vendors are offering discounts to increase their market penetration and solidify their position in the market. They are also forming alliances with other regional players to increase their distribution. For instance, in March 2018, Jupiter Networks formed a strategic alliance with NCP Engendering to provide VPN remote access features for its SRX series firewalls. This partnership is expected to strengthen its VPN capabilities and increase its compatibility with various third-party solutions.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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