VPN Market and Attention

express 2020 revenue of 280 million

According to the latest report from Valuates, the global VPN market was valued at $25.41 billion in 2019 and is expected to reach $75.59 billion by 2027, growing at a CAGR of 14.7% from 2020 to 2027.

The key factors driving the growth of the VPN market include: increasing data security concerns, increasing sophisticated and sophisticated cyber threats, and surging usage of mobile and wireless devices within the enterprise.

Trends Affecting the Size of the VPN Market

The report expects the surge in the use of mobile and wireless devices to drive the growth of the VPN market size. As mobile devices perform more and more work transactions, security becomes a major concern. As more and more mobile devices enter the workplace, mobile VPN technology and other mobile security products are seen as key components.

The global wave of remote working during the epidemic is also the main driver of VPN growth. The VPN market is expanding as businesses implement BYOD strategies to increase efficiency and reduce costs. Private networking tools keep BYOD devices safe from malicious cyberattacks by ensuring remote employees are securely linked to the corporate network.

In addition, the rise in advanced and sophisticated cyber threats will also drive the growth of the VPN market size. APT attackers can easily exploit communications over hotspots or unsecured networks. Hackers are actively looking for new vulnerabilities to exploit, and businesses need to prepare for these zero-day attacks. The use of VPNs and compliance with organizational policies for mobile endpoints can help curb these attacks.

The impact of the new crown epidemic on the VPN market

Affected by the new crown epidemic, enterprises have begun to adjust the priorities of their digital transformation strategies, focusing on addressing changes in network requirements. VPN connections are important for employees working remotely and are often the first step for IT teams to enable a virtual workforce.

For remote workers, the ability to access data at any time is critical. As more and more applications become available for mobile or wireless devices, businesses will use VPN applications to increase efficiency and productivity, driving the growth of the VPN industry.

VPN Market Share Analysis

North America is expected to hold the largest VPN market share. North America's dominance is attributed to rapidly growing demand from industries and verticals such as telecommunications and BFSI.

The European market also holds a significant share of the VPN market and is expected to grow steadily. On the other hand, the Asia Pacific region is expected to witness the highest CAGR during the forecast period as the adoption of VPN solutions and services in China, India, and other Asian countries continues to increase.

Fast-growing mobile VPN services in China are dominating the Asia-Pacific region. The provision of virtual private networks as a solution creates a range of opportunities for entrepreneurs in China, Indonesia and other Asian countries due to numerous policies and regulations on public websites of various countries.

Additionally, the use of VPN services enables fast networking and streaming in Asian countries.

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The VPN market does not only refer to the general over-the-wall function for everyone, enterprises and traditional enterprises have needs, penetration, etc. In addition, the Internet of Things and the Internet of Vehicles may also have it in the future.