VPN Market Size to Grow by USD 33.95 billion | Growing Adoption of BYOD Policies in Organizations to Drive Market Growth | Technavio
Tuesday, December 14, 2021
NEW YORK, Dec. 6, 2021 /PRNewswire/ -- The virtual private network (VPN) market is fragmented. Vendors are using various inorganic and organic growth strategies to compete in the market. The market size is expected to increase by USD 33.95 billion from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 15.54%. Technavio offers a thorough analysis of the current global market scenario and the overall market environment.
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VPN Market: Driver
The growing adoption of BYOD policies in organizations is driving the demand for VPN solutions, which is driving the growth of the market. Organizations are implementing BYOD policies to save on hardware and telecommunication costs. However, enterprises implement security standards to control applications and content on mobile devices. Thus, VPN technology and other mobile security products are key components in organizations to encrypt data on employees' devices.
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VPN Market: Segmentation Analysis
The VPN market has been segmented by type (MPLS, IP, and others) and geography (North America, Europe, APAC, South America, and MEA).
By type, the MPLS segment will have significant market share growth during the forecast period. An MPLS VPN helps business secure their capability of transmitting data and using real-time application services. It also unifies its video, voice, data, and mobility communications, with better performance when compared to the public Internet. Hence, enterprises are significantly investing in MPLS VPN solutions.
By geography, APAC is expected to account for 27% of the market's growth during the forecast period, with China and Japan being the key countries. Moreover, market growth in APAC is expected to be faster when compared to other regions.
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Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
-- Vendors covered
-- Vendor classification
-- Market positioning of vendors
-- Competitive scenario
VPN Market Scope
Report Coverage
Details
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Page number 120
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Base year 2021
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Forecast period
2022-2026
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Growth momentum & CAGR Decelerate at a CAGR of 15.54%
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Market growth 2022-2026
USD 33.95 billion
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Market structure
Fragmented
---
YoY growth (%) 15.57
---
Regional analysis North America, Europe, APAC, South
America, and MEA
---
Performing market contribution APAC at 27%
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Key consumer countries US, UK, China, Germany, and Japan
---
Competitive landscape Leading companies, Competitive
strategies, Consumer engagement
scope
---
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
Key companies profiled NordVPN
---
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
Market dynamics 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.
---
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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