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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.

Download Free Sample Report for additional highlights of the VPN market

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.

Are you looking for more information related to the latest drivers, trends, and challenges impacting the market? View Our Free Sample

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

    ---


       Page number                                                      120

    ---


       Base year                                                       2021

    ---


       Forecast period                
      2022-2026

    ---


       Growth momentum & CAGR                Decelerate at a CAGR of 15.54%

    ---


       Market growth 2022-2026        
      USD 33.95 billion

    ---


       Market structure               
      Fragmented

    ---


       YoY growth (%)                                                15.57

    ---


       Regional analysis                 North America, Europe, APAC, South
                                           America, and MEA

    ---

        Performing market contribution                           APAC at 27%

    ---


       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.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio



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