Virtual Private Network (VPN) Market Size By Component (Hardware, Software, Services), By Type (IP, MPLS (Multiprotocol Label Switching), Cloud VPN, Mobile VPN), By Connectivity (Site-to-site, Remote Access, Extranet), By Application (Consumer [Smartphones, Tablets, Laptops/PCs], Commercial [BFSI, Healthcare, IT, Government, Manufacturing], Service Providers), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Apr 2020  |  Report ID: GMI2756  |  Authors: Preeti Wadhwani, Sachin Kasnale

Report Format: PDF   |   Pages: 294   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

VPN Market size exceeded USD 25 billion in 2019 and it is anticipated to grow at more than 12% CAGR between 2020 and 2026. The market growth is due to increasing adoption of private network services across various industry verticals.
 

Over the last decade, internet has become a universal platform for conducting businesses. This has attracted cybercriminals for financial frauds and thefts. Enterprises are seeking new security solutions to safeguard their transactions conducted on the internet, driving the market demand.
 

VPN Market

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Virtual Private Network (VPN) Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 25 Billion (2019)
Historical Data for: 2015 to 2018 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 12% 2026 Value Projection: USD 70 Billion (2026)
Pages: 294 Tables, Charts & Figures: 428
Geographies covered (18): U.S., Canada, UK, Germany, France, Spain, Italy, Netherlands, China, India, Japan, Australia & New Zealand (ANZ), South Korea, Brazil, Mexico, UAE, South Africa, Saudi Arabia
Segments covered: Component, Type, Connectivity, Application, and Region
Companies covered (30): AirVPN, AnchorFree GmbH, Anthasoft SA DE CV, Array Networks, Inc., Avast Software s.r.o., BlackBerry Limited, Buffered Ltd., Check Point Software Technologies Ltd., Cisco Systems, Inc., Citrix Systems, Inc, Columbitech, Cryptzone, CyberGhost S.A., ExpressVPN, Golden Frog GmbH, Google LLC., IBM Corporation, Juniper Networks, Microsoft Corporation, Mudhook Marketing, Inc., NCP Engineering GmbH, NetMotion Software, NordVPN, OPENVPN Inc., Opera Software, Safer Social Ltd., Smith Micro Software, Inc., TunnelBear Inc., Watchguard Technologies, Inc. and Windscribe Limited
Growth Drivers:
  • Rise in cybercrime and data breaches
  • Proliferation of internet services
  • Increasing adoption of VPN across multiple business verticals
  • Compliance regulations requiring organizations to implement additional security
  • Growing adoption of BYOD and enterprise mobility
Pitfalls & Challenges:
  • Budget constraints
  • Need to support multiple OS slows down VPN functionalities
  • Reluctance to adopt various VPN solutions

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Growing adoption of BYOD and enterprise mobility fueling the market revenue

The VPN market is exhibiting a surge as enterprises are adopting BYOD polices to increase employee satisfaction and performance while reducing upfront expenses. Private network tool ensures that remote workforce is securely connected to enterprise networks along with protecting BYOD devices from malicious cyberattacks.
 

Embedded firewalls and reliable connectivity propelling market growth of the hardware segment in Italy

Italy VPN Market By Component

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In Italy, the hardware component segment dominated nearly 50% VPN market share in 2019 owing to multi-device protection offered by VPN routers. This is especially resourceful as private network providers limit the number of devices that can be associated to a single subscription.
 

In addition, high compatibility offered by such routers to a wide variety of devices, such as smart homes, smart TVs, gaming consoles, activity trackers, and e-readers, is fueling the market penetration of private network-based hardware across the country.
 

Increasing focus on cost reduction augmenting the IP VPN market in India

The IP segment in India is estimated to register 20% growth rate till 2026 led by cost benefits offered by this technology. IP connects private networks through public networks as they are inexpensive compared to other types of VPN services, such as MPLS.
 

Moreover, IP services simplify the network design and provide Quality of Service (QoS) for various mission-critical applications This has made it extremely attractive for enterprises seeking to reduce their networking expenditure, augmenting the market growth.
 

Work from home trends propelling the market size of remote access tools in Mexico

Mexico VPN Market By Connectivity

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In Mexico, the remote access connectivity segment is set to attain a growth of more than 20% in the VPN market through 2026. The national quarantine imposed by Mexican government to prevent coronavirus spread has caused a dynamic shift toward remote working methods in the country.
 

The March 2020 data released by ExpressVPN indicated over 20% rise in private network usage in Mexico along with additional usage of up to two hours per day for business private networks compared to pre-pandemic stage.
 

Increasing attention on patient data privacy to drive healthcare sector growth in the UAE

In UAE VPN market, the healthcare applications will witness around 25% gains from 2020 to 2026 impelled by rising awareness on the usage of private network tools to protect the patients’ information from unauthorized access.
 

Private network solutions are used in the healthcare industry to link multiple sites and eliminate redundancies in record keeping. Healthcare establishments across the nation are employing VPN-enabled devices to augment security levels of different locations, assisting in the overall market expansion.
 

Increasing need for mobile internet security boosting the Europe VPN market demand

Europe VPN Market

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The Europe market revenue is predicted to expand at over 10% CAGR during the forecast period. The growth can be attributed to favorable government initiatives and compliance regulations mandating companies to adopt advanced security measures.
 

The ITU reported that Europe had over 568 million individuals using internet in 2019, leading to an increase in the number of mobile-related cyber-attacks. Users are deploying private network solutions on smartphones to safeguard against cyberthreats, driving the market penetration of mobile VPN.
 

Discounts and aggressive pricing, the key market strategies by VPN solution providers

The VPN market is dominated by large players such as Google, Microsoft, and Cisco. Private network providers are providing their customers with discounts and special offers to expand their customer bases and strengthen market presence.
 

The players in the market are entering into partnerships with various regional companies to penetrate foreign markets. For instance, in January 2020, ProtonVPN partnered with open source community to provide application code for improving transparency and security standards. This partnership was aimed at increasing consumer confidence on ProtonVPN’s products and enhancing its clientele.
 

Enterprises are increasingly relying on internet services more than usual due to coronavirus impact. This has pushed providers to focus on expanding their private networks and service regions as an effective market growth strategy.
 

Some of the key players operating in the industry are AnchorFree GmbH, Anthasoft SA DE CV, Array Networks, Inc., Avast Software s.r.o., BlackBerry Limited, Buffered Ltd., Check Point Software Technologies Ltd., Cisco Systems, Inc., Citrix Systems, Inc, Columbitech, Cryptzone, CyberGhost S.A., Golden Frog GmbH, Google LLC., IBM Corporation, Juniper Networks, Microsoft Corporation, Mudhook Marketing, Inc., NCP Engineering GmbH, NetMotion Software, Opera Software, Safer Social Ltd., Smith Micro Software, Inc., TunnelBear Inc., Watchguard Technologies, Inc. and Windscribe Limited.
 

The VPN market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:
 

Market by Component

  • Hardware
  • Software
  • Services

Market by Type

  • Internet Protocol (IP)
  • Multi-Protocol Label Switching (MLPS)
  • Cloud VPN
  • Mobile VPN

Market by Connectivity

  • Site-to-site
  • Remote Access
  • Extranet

Market by Application

  • Consumer
    • Smartphones
    • Tablets
    • Laptops/PCs
  • Commercial
    • BFSI
    • IT & Telecom
    • Healthcare
    • Government
    • Manufacturing
    • Others
  • Service Providers

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • ANZ
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • UAE
    • Saudi Arabia
       

Frequently Asked Questions (FAQ) :

The Europe market is predicted to expand at over 10% CAGR during the forecast period due to favorable government initiatives and compliance regulations mandating companies to adopt advanced security measures.
In UAE market, the healthcare application segment will witness around 25% gains from 2020 to 2026.
According to the analysts at GMI, the domination of hardware component segment in the Italy market can be credited to multi-device protection offered by VPN routers.
The market is dominated by large players such as Google, Microsoft, and Cisco, says this research report by Global Market Insights, Inc.

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Premium Report Details

  • Published Date: Apr 2020
  • Pages: 294
  • Tables: 385
  • Charts / Figures: 43
  • Companies covered: 30
  • Countries covered: 18

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