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Virtual Private Network (VPN) - Global Market Trajectory & Analytics

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    Report

  • 688 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4845864

Global Virtual Private Network (VPN) Market to Reach $87.1 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Virtual Private Network (VPN) estimated at US$32.2 Billion in the year 2020, is projected to reach a revised size of US$87.1 Billion by 2027, growing at a CAGR of 15.3% over the analysis period 2020-2027. Multiprotocol Label Switching, one of the segments analyzed in the report, is projected to record a 15.4% CAGR and reach US$42.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cloud segment is readjusted to a revised 17.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $11.2 Billion, While China is Forecast to Grow at 17.4% CAGR

The Virtual Private Network (VPN) market in the U.S. is estimated at US$11.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$12.9 Billion by the year 2027 trailing a CAGR of 17.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12% and 12.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.5 Billion by the year 2027.

IP Segment to Record 13.5% CAGR

In the global IP segment, USA, Canada, Japan, China and Europe will drive the 13.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.6 Billion in the year 2020 will reach a projected size of US$16.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 12.1% CAGR through the analysis period.

Select Competitors (Total 155 Featured) -

  • Array Networks, Inc.
  • Avast Software s.r.o
  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • Citrix Systems, Inc.
  • CyberGhost S.R.L.
  • Express VPN International Ltd.
  • Golden Frog GmbH
  • Google Inc.
  • Juniper Networks, Inc.
  • Microsoft Corporation
  • NCP Engineering GmbH
  • NetMotion Software
  • NordVPN
  • OpenVPN Inc.
  • Opera Norway AS
  • Pango Inc.
  • TunnelBear Inc.
  • Watchguard Technologies, Inc.
  • Windscribe Limited

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • COVID-19 Pandemic Provides Strong Push for Virtual Private Networks (VPNs)
  • Threat to Security and Privacy: Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
  • VPN Adoption Surges as COVID-19 Pandemic Leads to a Rise in Remote Work and WFM Culture
  • Average Weekly Increase in VPN Usage in March-2020
  • COVID-19 Outbreak Redefines VPN Security for Corporate Sector
  • An Introduction to Virtual Private Network (VPN)
  • Types of VPNs
  • Global Market for Virtual Private Network (VPN): Prospects & Outlook
  • The Importance of VPNs
  • Hardware Captures a Significant Share of VPN Market
  • Global VPN Market by Component (in %) for 2020E
  • MPLS Segment Leads the VPN Market
  • Large Enterprises Capture Major Market Share
  • Global SSL VPN Market by Enterprise Size (in %) for 2020E
  • Cloud VPN Market: A High Growth Segment
  • BFSI: The Major End Use Segment
  • Developed Regions Lead, Developing Economies to Spearhead Future Growth
  • The Future of VPN Technology
  • Competition
  • Comparative Review of Top Virtual Private Networks
  • World Brands
  • Recent Market Activity
  • Virtual Private Network (VPN) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Transforming the Way Users Browse the Internet, VPNs Continue to Gain Prominence for Businesses & Consumers Alike
  • VPN Usage Statistics: An Overview
  • Global VPN User Base Breakdown (in %) by Gender
  • Global VPN User Base Breakdown (in %) by Age Group
  • Growing Threat of Cyberattacks and Data Breaches Spurs Adoption of VPNs
  • Cybersecurity Breaches Related to COVID-19 Outbreak during the Period Jan-Apr 2020
  • Impact of Pandemic on Businesses: % of Companies Affected by the COVID-19 Crisis
  • Average Annual Cost of Cybercrime (in US$ Million) by Industry for the Years 2017 and 2018
  • Average Cost of Cyberattacks (in US$ Thousand) by Type for 2017 and 2018
  • Average Cost of Data Breach Per Organization Worldwide (in US$ Million) for 2014-2019
  • Implementation of Effective Security Solutions Highly Critical to Prevent Hacks
  • Notable Future Trends in Enterprise VPNs
  • Internet Opens Up a Range of Online Security Issues, Bringing to Light the Importance of Secure Access to Networks
  • Percentage Penetration Rate (%) of Internet Users by Region (As of March 2021)
  • Number of Internet Users Worldwide (in Billions) for the Years 2011-2021
  • Breakdown of Internet Users (in %) by Region As of March 2021
  • Digital Transformation of Businesses and Changing Work Cultures Accelerate VPN Adoption
  • Global Digital Transformation Spending (In US$ Billion) for Years 2017 through 2023
  • VPN Rides the Wave of Transforming Workplace Norms
  • Global Enterprise Mobility Market (in US$ Billion) for the Years 2019, 2022, and 2025
  • Security Issues Concerning BYOD Adoption in Businesses Drive VPN Adoption: % of Businesses Citing an Issue as a Security Concern
  • Pandemic Accelerates Adoption of Remote Work or WFM Policies
  • WFM Employees as a % of the Total Workforce
  • With Video & Web Conferencing Solutions Becoming Integral to Communications Amidst the Pandemic, VPN Adoption Rises among Enterprises
  • Numerous Video Conferencing Benefits and Resultant Rise in Adoption Spurs Need for VPNs to Enable Secure Meetings: % of Businesses Citing a Video Conferencing Benefit
  • Rapid Growth of Media Streaming Services Leads to an Increase in VPN Adoption
  • Entertainment Emerges as a Key Reason Driving VPN Usage: % of VPN Users Citing the Reason for Using VPN Services
  • COVID-19 Outbreak Increases Demand for Streamed Media Services: Streamed TV & Video Content Growth (in %) by Select Countries for 2nd Week Vs 1st Week in March 2020
  • Global OTT Market Revenues (in US$ Billion) by Segment for the Years 2019 & 2025
  • % of VPN Users Frequently Accessing TV Streaming Services by Service
  • VPN Bypasses to Drive Adoption among Private Consumers
  • With Remote/Online Education Becoming the Norm in a COVID-19 Hit World, Security and Privacy Benefits Drive Adoption of VPNs
  • Global E-Learning Market Size in US$ Million by Region/Country for 2020 & 2027
  • A Glance at Popular VPNs for College Institutions
  • Need for Enhanced Mobile Security Boosts Mobile VPN Market
  • Growing Security Risk in Mobile Devices to Stimulate Mobile VPN Usage: Number of Malicious App Installations in Mobile Devices for the Period Q1 2019 to Q1 2020
  • Smartphone VPN: Providing Secure & Reliable Internet Connectivity for Smartphones
  • Rising Smartphone Usage Enhances Need for Secure Access to Online Services: Penetration Rate of Smartphones as a % of Total Population: 2016-2021
  • Popular Android VPNs
  • Number of Mobile Client Installations (in Thousands) in App Store by VPN Brand for 2019
  • Number of Mobile Client Installations (in Thousands) in Google Play Store by VPN Brand for 2019
  • Top Mobile VPN Service Providers: Ranked by Number of Installations for the Period Jan-May 2020
  • Cloud VPN Market Poised to Grow at a High Rate
  • Site-to-Site VPN Market Benefits from Rising Enterprise Investments into Networking Solutions
  • Anonymity and Privacy Advantages Drive Adoption of VPNs among Consumers
  • Small Businesses Poised to Benefit from VPN Adoption
  • OpenVPN Access Server Facilitates Faster VPN Deployment
  • Promise of Better Security Supports Adoption of VPN in BFSI Sector
  • Government Agencies Struggle with Legacy VPNs amidst the COVID-19 Outbreak
  • Use of VPN among Healthcare & Emergency Service Providers on the Rise
  • Telecommunication Industry Makes Use of VPN Capabilities
  • Restrictions on VPN, Political Censorship and Regulations in Certain Nations Impede Market Growth
  • Number of Government Requests to Google for Information on User Data and Activity by Country for H1 2020
  • VPN Holds Potential as Digital Marketing Tool
  • How VPN Helps in Protecting Online Privacy
  • Key Security and Performance Challenges of VPNs
  • Common Problems and Vulnerabilities Related to Deployment of VPN Services
  • VPNs May Fall Short in Protecting Against Current Sophisticated Cyberattacks
  • Emergence of Alternatives Threatens VPN
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Virtual Private Network (VPN) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Virtual Private Network (VPN) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 3: World 10-Year Perspective for Virtual Private Network (VPN) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2017, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Multiprotocol Label Switching by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Multiprotocol Label Switching by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 6: World 10-Year Perspective for Multiprotocol Label Switching by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 9: World 10-Year Perspective for Cloud by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for IP by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for IP by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 12: World 10-Year Perspective for IP by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Mobile by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Mobile by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 15: World 10-Year Perspective for Mobile by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 18: World 10-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 21: World 10-Year Perspective for IT & Telecom by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 24: World 10-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 27: World 10-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2021 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 29: World Historic Review for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 30: World 10-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2021 & 2027
  • Table 31: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 32: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2017 through 2019 and % CAGR
  • Table 33: World 10-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • VPN Usage Picks Up During COVID-19 Pandemic
  • Rising Threat of Cyberbreaches Fuels VPN Adoption: Number of Data Breaches and Records Exposed (in Millions) in the US for 2005-2019
  • Commercial Virtual Private Networks (VPNs) Market Share Breakdown by Leading Providers for 2020
CANADA
JAPAN
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Internet Penetration Rate (In %) for the Years 2015-2020
  • An Overview of Prominent VPN Providers in Japan
CHINA
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • China's ‘Great Firewall' Augments Demand for VPN
  • List of Popular VPN Vendors in China
  • Hong Kong: Enactment of New National Security Law Spurs Interest in VPN Services
EUROPE
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Mobile VPN Gains Traction
  • Cloud Migration and Multi-site Connectivity Sustain Demand for MPLS VPN Solutions
  • Competitive Landscape
  • A Peek into Select Popular VPN Services in Europe
FRANCE
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • COVID-19 Pandemic Spurs Adoption of VPNs in India
  • Total Number of Internet Users for the Years 2017, 2020, 2023 and 2025
  • Relaxed VPN Norms for IT and ITeS Companies Amidst Coronavirus Outbreak
  • COVID-19 Pandemic and Internet Shutdowns Boost VPN Adoption
  • Select Popular VPN Services in India
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Virtual Private Network (VPN) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 155

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Array Networks, Inc.
  • Avast Software s.r.o
  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • Citrix Systems, Inc.
  • CyberGhost S.R.L.
  • Express VPN International Ltd.
  • Golden Frog GmbH
  • Google Inc.
  • Juniper Networks, Inc.
  • Microsoft Corporation
  • NCP Engineering GmbH
  • NetMotion Software
  • NordVPN
  • OpenVPN Inc.
  • Opera Norway AS
  • Pango Inc.
  • TunnelBear Inc.
  • Watchguard Technologies, Inc.
  • Windscribe Limited