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Report
Virtual Private Network Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 140 Pages I IMARC Group
The global virtual private network market size reached US$ 36.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 89.3 Billion by 2028, exhibiting a growth rate (CAGR) of 15.1% during 2023-2028.
A virtual private network (VPN) can be defined as a source that offers secure communication between several members of a group by using public telecommunication infrastructure while maintaining privacy through the usage of a tunnelling protocol with security procedures. Their utilization provides an encrypted link that enables customers to get connected with the public internet network. Frame relay (FR), asynchronous transfer mode (ATM), virtual circuits (VC), and multiprotocol label switching (MPLS) are some of the few technologies used by VPNs. In addition, they mask the internet protocol (IP) address of the users in order to make their online actions virtually untraceable, thus providing greater privacy and security. Therefore, VPNs find large-scale applications across multiple businesses across the globe.
Virtual Private Network Market Trends:
The global market is primarily driven by the widespread adoption of private networks in various industries. With the penetration of high-speed internet connection paving the way for conducting seamless business activities across numerous sectors, the risks of cyber-attacks and data breaches are rising, thereby leading to the increased utilization of VPNs worldwide. Thus, the significant demand to safeguard business transactions and data is driving enterprises toward highly secure technologies, thereby creating lucrative growth opportunities in the VPN market. Also, the shifting preference toward video and web conferencing solutions for communication amid the ongoing pandemic among enterprises is propelling the VPN market toward growth. Other factors, such as widescale adoption of media streaming services, the increasing demand for online and remote education, the escalating incidences of theft of financial and personal information, continual product innovations and extensive research and development (R&D) activities conducted by key players are further providing an impetus to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global virtual private network market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type, deployment mode and end use industry.
Breakup by Component:
Hardware
Software and Services
Breakup by Type:
Remote Access VPN
Site-to-Site VPN
Others
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by End Use Industry:
BFSI
Healthcare
IT
Government
Manufacturing
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Array Networks Inc., Avast Software s.r.o., BlackBerry Limited, Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., CyberGhost S.R.L., Google LLC, International Business Machines Corporation, Juniper Networks Inc., Microsoft Corporation and NetMotion Software (Absolute Software Corporation).
Key Questions Answered in This Report
1. What was the size of the global virtual private network market in 2022?
2. What is the expected growth rate of the global virtual private network market during 2023-2028?
3. What are the key factors driving the global virtual private network market?
4. What has been the impact of COVID-19 on the global virtual private network market?
5. What is the breakup of the global virtual private network market based on the component?
6. What is the breakup of the global virtual private network market based on the type?
7. What is the breakup of the global virtual private network market based on the deployment mode?
8. What are the key regions in the global virtual private network market?
9. Who are the key players/companies in the global virtual private network market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Virtual Private Network Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software and Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type
7.1 Remote Access VPN
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Site-to-Site VPN
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Deployment Mode
8.1 On-premises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cloud-based
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End Use Industry
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Healthcare
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 IT
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Government
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Manufacturing
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Array Networks Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Avast Software s.r.o.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 BlackBerry Limited
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Check Point Software Technologies Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Cisco Systems Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Citrix Systems Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 CyberGhost S.R.L.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Google LLC
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 SWOT Analysis
15.3.9 International Business Machines Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Juniper Networks Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Microsoft Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 NetMotion Software (Absolute Software Corporation)
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
Figure 1: Global: Virtual Private Network Market: Major Drivers and Challenges
Figure 2: Global: Virtual Private Network Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Virtual Private Network Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Virtual Private Network Market: Breakup by Component (in %), 2022
Figure 5: Global: Virtual Private Network Market: Breakup by Type (in %), 2022
Figure 6: Global: Virtual Private Network Market: Breakup by Deployment Mode (in %), 2022
Figure 7: Global: Virtual Private Network Market: Breakup by End Use Industry (in %), 2022
Figure 8: Global: Virtual Private Network Market: Breakup by Region (in %), 2022
Figure 9: Global: Virtual Private Network (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Virtual Private Network (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Virtual Private Network (Software and Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Virtual Private Network (Software and Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Virtual Private Network (Remote Access VPN) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Virtual Private Network (Remote Access VPN) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Virtual Private Network (Site-to-Site VPN) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Virtual Private Network (Site-to-Site VPN) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Virtual Private Network (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Virtual Private Network (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Virtual Private Network (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Virtual Private Network (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Virtual Private Network (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Virtual Private Network (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Virtual Private Network (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Virtual Private Network (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Virtual Private Network (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Virtual Private Network (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Virtual Private Network (IT) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Virtual Private Network (IT) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Virtual Private Network (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Virtual Private Network (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Virtual Private Network (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Virtual Private Network (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Virtual Private Network (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Virtual Private Network (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: United States: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: United States: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Canada: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Canada: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Asia-Pacific: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Asia-Pacific: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: China: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: China: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Japan: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Japan: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: India: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: India: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: South Korea: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: South Korea: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Australia: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Australia: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Indonesia: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Indonesia: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Others: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Others: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Europe: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Europe: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Germany: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Germany: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: France: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: France: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: United Kingdom: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: United Kingdom: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Italy: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Italy: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Spain: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Spain: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Russia: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Russia: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Latin America: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Latin America: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Brazil: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Brazil: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Mexico: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Mexico: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Middle East and Africa: Virtual Private Network Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Middle East and Africa: Virtual Private Network Market: Breakup by Country (in %), 2022
Figure 83: Middle East and Africa: Virtual Private Network Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Global: Virtual Private Network Industry: SWOT Analysis
Figure 85: Global: Virtual Private Network Industry: Value Chain Analysis
Figure 86: Global: Virtual Private Network Industry: Porter's Five Forces Analysis
Table 1: Global: Virtual Private Network Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Virtual Private Network Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Virtual Private Network Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Virtual Private Network Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 5: Global: Virtual Private Network Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 6: Global: Virtual Private Network Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Virtual Private Network Market: Competitive Structure
Table 8: Global: Virtual Private Network Market: Key Players
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