VPN Market 2026 Global Industry Growth, Trends, Share and Demands Research Report
Selbyville, Delaware, United States, October 7 2020 (Wiredrelease) Global Market Insights, Inc –:The virtual private network market is slated to pick up significant momentum in coming years owing to the rising incidences of cybercrime and online frauds. A VPN network is a connection method or programming which is used to add security and privacy to private as well as public networks. For example, like the internet, and Wi-Fi Hotspots.
It also uses tunneling protocols in order to encrypt information at sending end as well as decrypt it at receiving end. The sending and receiving end network addresses are also encrypted so as to provide extra security.
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Virtual private networks are utilized to give remote corporate employees, business travelers, and gig economy freelance workers access to software applications which are facilitated on proprietary networks. While gaining access through a VPN to a restricted resource, it is ensured that the user is authorized to utilize the VPN app and can offer one or more authentication factors, like biometric data, password security, or security token.
Virtual private network (VPN) market is bifurcated in terms of component, type, connectivity, application, and regional landscape.
Based on type, the VPN market is classified into cloud VPN, IP, mobile VPN, and MPLS. Among these, the mobile VPN segment will exhibit a CAGR of over 18% through 2026 due to increasing demand for cloud security.
With respect to application, the VPN market is segmented into consumer, service providers, and commercial application segment. The consumer segment is further classified into Laptops/PCs, tablets, and smartphones. Among these, the tablets will witness a CAGR of over 10% by 2026 due to better portability as compared to laptops and larger display than smartphones. The Laptops/PCs segment held a market share of over 30% in 2019 due to extensive use of VPN software in traditional PCs.
The commercial application segment is further categorized into government, manufacturing, BFSI, healthcare, and IT & Telecom. The BFSI sector held a market share of over 40% in 2019 due to increasing use of VPN solutions for safeguarding financial transactions. IT & Telecom segment will exhibit a growth rate of nearly 12% CAGR through 2026 due to increasing use of IP and MLPS VPN for cost reduction.
The government sector is likely to observe a CAGR of over 15% through 2026 due to rising incidents of cyberattacks and malware intrusion on federal networks. Manufacturing application segment will witness over 14% CAGR through 2026 due to increasing need for securing IoT networks.
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From a regional frame of reference, the APAC VPN market held around 25% market share in 2019 due to rapidly increasing internet penetration and rising awareness about cybersecurity. Middle East & Africa VPN market is likely to exhibit a CAGR of around 13% due to rising case of cyberattacks and online frauds.
TABLE OF CONTENTS:
Chapter 3 Industry Insights
3.2 Industry segmentation
3.3 VPN industry landscape
3.4 Impact of COVID-19 outbreak
3.4.1 Impact by region
184.108.40.206 North America
220.127.116.11 Asia Pacific
18.104.22.168 Latin America
22.214.171.124 Middle East & Africa (MEA)
3.4.2 Impact on industry value chain
3.4.3 Impact on competitive landscape
3.5 VPN user trends
3.5.1 By device
3.5.2 By age group
3.5.3 By gender
3.6 Motivation factors for VPN usage
3.7 Evolution of VPN technology
3.8 VPN protocols
3.8.3 SSTP (Secure Socket Tunneling Protocol)
3.8.4 IKEv2 (Internet Key Exchange Version 2)
3.8.5 PPTP (Point to Point Protocol)
3.9 Industry ecosystem analysis
3.10 Technology and innovation landscape
3.10.1 Software Defined Networking (SDN)
3.10.2 Network Function Virtualization (NFV)
3.11 Regulatory landscape
3.11.1 Health Insurance Portability and Accountability Act (HIPAA)
3.11.2 Payment Card Industry Data Security Standard (PCI DSS)
3.11.3 North American Electric Reliability Corp. (NERC) standards
3.11.4 Federal Information Security Management Act (FISMA)
3.11.5 The Gramm-Leach-Bliley Act (GLB) Act of 1999
3.11.6 The Sarbanes-Oxley Act of 2022
3.11.7 General Data Protection Regulation (GDPR)
3.12 VPN industry impact forces
3.12.1 Growth drivers
126.96.36.199 Rise in cybercrime and data breaches
188.8.131.52 Proliferation of internet services
184.108.40.206 Increasing adoption of VPN across multiple business verticals
220.127.116.11 Compliance regulations requiring organizations to implement additional security
18.104.22.168 Growing adoption of BYOD and enterprise mobility
3.12.2 Industry pitfalls & challenges
22.214.171.124 Budget constraints
126.96.36.199 Need to support multiple OS slows down VPN functionalities
188.8.131.52 Reluctance to adopt various VPN solutions
3.13 Growth potential analysis
3.14 Porter’s analysis
3.15 PESTEL analysis
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