Virtual Private Network (VPN) Market Growth Potential & Forecast, 2032

1
Virtual Private Network (VPN) Market Global
Analysis, Opportunities And Forecast To 2032
2

• Industry Insights

• As per a recent research report, Global Virtual
  Private Network (VPN) Market share is likely to
  surpass USD 350 billion valuation by 2032.
• The global virtual private network (VPN) market
  is anticipated to register considerable gains
  through 2032, primarily driven by the widespread
  adoption of internet services for business
  connectivity across the globe.
• Rising level of connectivity and internet
  penetration is making consumer data more
  vulnerable to malicious access and has led to an
  increase in the instances of cyberattack.
  Subsequently, several global organizations, on
  their digital migration journey, are adopting
  cybersecurity measures to ensure the safety of
  their data and business assets.

3

• In this regard, encrypted connectivity has become
  the leading tool enterprises use to ensure
  information security, which is shaping the VPN
  market outlook.
• The overall virtual private network market
  landscape is bifurcated into different segments
  such as component, type, connectivity,
  application, and regional outlook.
• Based on component, the market is segmented into
  hardware, services, and software. Amongst them,
  the services segment is slated to experience
  strong growth driven by the remote working trend.
  Despite COVID-19 approaching its end through
  successful vaccination drives, many organizations
  have opted to work on a completely remote or
  hybrid working model. This has created a need for
  them to provide remote connectivity to employees
  and manage enterprise network infrastructure
  through VPN services.
• Based on type, the industry is segmented into IP
  VPN, cloud VPN, MPLS VPN, and mobile VPN. The
  MPLS segment held an industry share of over 40
  in 2022, owing to the dwindling growth of frame
  relay market. Organizations increasingly prefer
  multiprotocol label switching VPN (MPLS-VPN)
  services as they help them prioritize real-time
  apps such as Voice over Internet Protocol (VoIP),
  and video conferencing, among others, with a
  better quality of service (QoS).

4

• Regional Analysis

North America, the Middle East and Africa, Latin
America, Europe, and Asia Pacific. The North
America virtual private network market registered
over USD 14 million in 2022, fueled by increasing
cybercrime across numerous industry verticals. As
per the 2021 Annual Data Breach Report by
Identity Theft Resource Center (ITRC), in 2021,
data breaches increased more than 68 compared to
the year prior.

• Competitive Analysis

• Check Point Software Technologies Ltd., Cisco
  Systems, Inc., CyberGhost S.A., ExpressVPN, and
  Google LLC.

5
Virtual Private Network (VPN) Market _at_
https//www.gminsights.com/industry-analysis/virtu
al-private-network-vpn-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/2
756
Request for customization https//www.gminsights.
com/roc/2756
6
Stay In Touch Social Media
7
THANK YOU
www.gminsights.com