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Virtual Private Network Market 2021 Segmentation Analysis, Key Players, Industry Share and Forecast by 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Virtual Private Network Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Virtual Private Network Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023

The virtual private network (VPN) is an extension of a private network which is widely used among industries for secure data transmission via different portals. The VPN allows users to access data remotely with secure tunneling and encryption methods which also reduces the internal staff costs and enables business expansion.

The VPN enhances the productivity of the organizations as the data is encapsulated into network protocols through a secure passage thereby minimizing and reducing the chances of data breaches and cyber-attacks. The VPN secures the private business data which might include customer information, product catalog, employee and customer information along with company projections. The VPN allows data sharing with a particular subset of stakeholders thereby helping in business continuity and reliability. Brown Bear Corporation (dealing in manufacturing, utility, and environmental applications) makes use of the VPN by allowing the supervisory staff to connect via VPN to the office or the Brown Bear store to increase the management efficiency and reduce the drive time.

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The VPN allows a more secure mode of communication as compared to other networks. The VPN allows corporations to communicate over a secure network via internet protocol security this allows the communication to be secure even in public networks. For instance, the VPN’s are largely useful for employees who frequently travel for organizational work as it allows them to access and communicate the company’s data directly with enhanced security. Businesses in the U.S use the VPN services to boost their security and access the resources remotely.

Key Players

The prominent players in the Virtual private network Market Microsoft Corporation (U.S), Private Internet Access (U.S), CyberGhost S.A. (Romani), NordVPN (Panama), Purevpn (Hong Kong), IPVanish (U.S), Golden Frog, GmbH (Switzerland), Buffered VPN (Hungary), SaferVPN (Israel), NetGear, Inc. (U.S) among others.

Global Virtual Private Network Market Analysis & Forecast to 2022
• To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the virtual private network market
• To provide insights about factors affecting the market growth
• To analyze the virtual reality market based on Porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments concerning four main geographies and their countries- North America, Asia Pacific, Europe, Middle East and Africa
• To provide country-level analysis of the market with respect to the current market size and future perspective
• To provide country-level analysis of the market for a segment on the basis of sourcing type, service type, end-user and application
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the virtual private network market

Key Findings

• The global virtual private network market is expected to reach USD 41.70 Billion by 2022 with 18.22% CAGR.

• By type, the market was dominated by hosted VPN, which has reached 5.52 billion in 2016. The cloud VPN is expected to show the highest growth rate.
• By deployment, on premises is dominating the market of VPN and has reached USD 9.87 billion in the year 2016. The on-cloud is expected to show the highest CAGR.
• By product, switches are dominating the market of VPN and have reached USD 5.14 billion in the year 2016. The firewalls are expected to show highest CAGR.
• By verticals, the government is dominating the market of VPN by verticals and has reached USD 3.05 billion in the year 2016. BFSI is expected to show highest CAGR
• Geographically, North America has dominated the VPN market in 2016, followed by Europe. Whereas, Asia Pacific is expected to be the fastest growing market.

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Regional and Country Analysis of Global Virtual Private Network Market Estimation and Forecast
Global Virtual Private Network market, by region, was led by North America in 2016. In the forecast period, the technological advancements, increasing awareness regarding safety and security and increasing demand for cyber security will help the market in North America. Europe stands on the second position in virtual private network market globally in 2016. Asia Pacific among all the regions is considered to be the fastest growing market for the Virtual Private Network. Developing network infrastructure, and increasing adoption rate of data transmission via the internet are some of the prominent factors propelling the high market growth of VPN in the region.
• North America
U.S.
Canada
Mexico
• Europe
U.K.
Germany
France
Rest of Europe
• Asia Pacific
China
Japan
India
Rest of Asia Pacific
• Rest of the World (RoW)
The Middle East and Africa
Latin America

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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