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VPN Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71499
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The virtual private network (VPN) market share is expected to increase by USD 33.95 billion from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 15.54%.

This VPN market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (MPLS, IP, and others) and geography (North America, Europe, APAC, South America, and MEA). The VPN market report also offers information on several market vendors, including 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 among others.

What will the VPN Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the VPN Market Size for the Forecast Period and Other Important Statistics

 

VPN Market: Key Drivers and Challenges

The rising popularity of the BYOD policy is notably driving the virtual private network market growth, although factors such as the threat from open-source VPN solution providers may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the VPN industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key VPN Market Driver

The growing adoption of BYOD policies in organizations is propelling the demand for VPN solutions, thereby driving the growth of the VPN market. The implementation of the BYOD policies in organizations increases cost savings, such as hardware and telecommunication costs, as the deployment of work devices reduces enterprise infrastructure spending. However, enterprises need to establish security standards to control applications and content accessed and stored on mobile devices. Thus, VPN technology and other mobile security products are likely to be crucial components as more personal devices enter the workplace. VPN supports organizations to encrypt their data on employees' devices. It also scans devices for malware to protect the company's sensitive data from any unauthorized access. 

Key VPN Market Challenge

The presence of many open-source VPN solution providers is one of the major challenges in the global VPN market. The global VPN market has many open-source vendors that provide a range of VPN tools and applications. A combination of multiple products from various open-source vendors can cover almost all the functionalities provided by on-premise or cloud VPN vendors. SMEs are the key customers of open-source VPN solutions as their purchasing power is low. They have low IT budgets, which encourages them to opt for open-source VPN solutions. Open-source VPN is becoming increasingly popular in developing economies such as India and China, as most small-scale enterprises in these economies cannot afford to invest in expensive on-premises and cloud-based VPN solutions. This, in turn, has negatively impacted the market share of VPN vendors.

This VPN market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major VPN Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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
  • NordVPN

 

This statistical study of the VPN market encompasses successful business strategies deployed by the key vendors. The virtual private network market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The VPN market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for VPN Market?

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27% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for VPN in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the VPN Market?

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The VPN market share growth by the MPLS segment will be significant during the forecast period. Multiprotocol label switching VPN (MPLS VPN) has developed as a better option when compared to VPNs based on integrated services digital network (ISDN) and analog lines by enabling more secure and faster communications. Through an MPLS VPN, a business secures its capability of transmitting data and using real-time application services and unifies its video, voice, data, and mobility communications with better performance than on the public Internet. Owing to these benefits, enterprises are significantly investing in MPLS VPN solutions, thereby contributing to the growth of the global VPN market through the MPLS segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the virtual private network market size and actionable market insights on post COVID-19 impact on each segment.

 

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

$ 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.

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What are the Key Data Covered in this VPN Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive VPN market growth during the next five years
  • Precise estimation of the VPN market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the virtual private network industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of virtual private network market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • MPLS - Market size and forecast 2021-2026
  • IP - Market size and forecast 2021-2026
  • Others - Market size and forecast 2021-2026
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • APAC - Market size and forecast 2021-2026
  • South America - Market size and forecast 2021-2026
  • MEA - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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
  • NordVPN

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The vpn market growth will increase by $33948.35 million during 2021-2026.
The vpn market is expected to grow at a CAGR of 15.54% during 2021-2026.
Technavio has segmented the vpn market by type (MPLS, IP, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
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, NordVPN are a few of the key vendors in the vpn market.
APAC will register the highest growth rate of 27.06% among the other regions. Therefore, the vpn market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • UK
  • China
  • Germany
  • Japan
The key factors driving the vpn market growth are:
  • Rising popularity of the BYOD policy
The vpn market vendors should focus on grabbing business opportunities from the mpls segment as it accounted for the largest market share in the base year.
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