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

  • ID: 4845864
  • Report
  • May 2021
  • Region: Global
  • 666 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Array Networks, Inc.
  • Citrix Systems, Inc.
  • Golden Frog GmbH
  • Microsoft Corporation
  • NordVPN
  • Pango, Inc.

Global Virtual Private Network (VPN) Market to Reach $107.6 Billion by 2027


Amid the COVID-19 crisis, the global market for Virtual Private Network (VPN) estimated at US$35.4 Billion in the year 2020, is projected to reach a revised size of US$107.6 Billion by 2027, growing at a CAGR of 17.2% over the analysis period 2020-2027. Multiprotocol Label Switching, one of the segments analyzed in the report, is projected to record a 19.1% CAGR and reach US$57.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud segment is readjusted to a revised 16.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 18.2% CAGR


The Virtual Private Network (VPN) market in the U.S. is estimated at US$12.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.5 Billion by the year 2027 trailing a CAGR of 18.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.2% and 16.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR.

IP Segment to Record 15.2% CAGR


In the global IP segment, USA, Canada, Japan, China and Europe will drive the 15.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.8 Billion in the year 2020 will reach a projected size of US$15.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.4 Billion by the year 2027, while Latin America will expand at a 15.3% CAGR through the analysis period.

Select Competitors (Total 115 Featured) -

  • Array Networks, Inc.
  • Avast Software s.r.o
  • Check Point Software Technologies Ltd.
  • Cisco Systems, Inc.
  • Citrix Systems, Inc.
  • Columbitech
  • 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.
  • Safer Social Ltd.
  • TunnelBear, Inc.
  • Watchguard Technologies, Inc.

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.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Array Networks, Inc.
  • Citrix Systems, Inc.
  • Golden Frog GmbH
  • Microsoft Corporation
  • NordVPN
  • Pango, Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Pandemic Provides Strong Push for Virtual Private Networks (VPNs)
  • Exhibit 1: 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
  • Exhibit 2: Average Weekly Increase in VPN Usage in March-2020
  • An Introduction to Virtual Private Network (VPN)
  • Types of VPNs
  • Global Market for Virtual Private Network (VPN): Prospects & Outlook
  • Hardware Captures a Significant Share of VPN Market
  • Exhibit 3: Global VPN Market by Component (in %) for 2020E
  • MPLS Segment Leads the VPN Market
  • Large Enterprises Capture Major Market Share
  • Exhibit 4: 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
  • Competition
  • Comparative Review of Top Virtual Private Networks
  • Recent Market Activity
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
  • Exhibit 5: Global VPN User Base Breakdown (in %) by Gender
  • Exhibit 6: Global VPN User Base Breakdown (in %) by Age Group
  • Growing Threat of Cyberattacks and Data Breaches Spurs Adoption of VPNs
  • Exhibit 7: Average Annual Cost of Cybercrime (in US$ Million) by Industry for the Years 2017 and 2018
  • Exhibit 8: Average Cost of Cyberattacks (in US$ Thousand) by Type for 2017 and 2018
  • Implementation of Effective Security Solutions Highly Critical to Prevent Hacks
  • Internet Opens Up a Range of Online Security Issues, Bringing to Light the Importance of Secure Access to Networks
  • Exhibit 9: Number of Internet Users (in Million) and Percentage Penetration Rate (%) by Region (As of June 2020)
  • Exhibit 10: Number of Internet Users Worldwide (in Billions) for the Years 2011-2019
  • VPN Rides the Wave of Transforming Workplace Norms
  • Exhibit 11: Global Enterprise Mobility Market (in US$ Billion) for the Years 2019, 2022, and 2025
  • With Video & Web Conferencing Solutions Becoming Integral to Communications Amidst the Pandemic, VPN Adoption Rises among Enterprises
  • Exhibit 12: Rising Internet Penetration & Growing Use of Video & Web Conferencing Solutions Augurs Well for VPN Market: Internet Penetration Rate (%) in Select Countries for April 2020
  • Rapid Growth of Media Streaming Services Leads to an Increase in VPN Adoption
  • Exhibit 13: Entertainment Emerges as a Key Reason Driving VPN Usage: % of VPN Users Citing the Reason for Using VPN Services
  • Exhibit 14: 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
  • Exhibit 15: Global OTT Market Revenues (in US$ Billion) by Segment for the Years 2019 & 2025
  • Exhibit 16: Popular VPNs for Streaming Services
  • 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
  • Exhibit 17: Global E-Learning Market Size in US$ Million by Region/Country for 2019 & 2025
  • A Glance at Popular VPNs for College Institutions
  • Need for Enhanced Mobile Security Boosts Mobile VPN Market
  • Popular Android VPNs
  • Exhibit 18: Number of Mobile Client Installations (in Thousands) in App Store by VPN Brand
  • Exhibit 19: Number of Mobile Client Installations (in Thousands) in Google Play Store by VPN Brand
  • 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
  • Exhibit 20: Number of Government Requests to Google for Information on User Data and Activity by Country
  • VPN Holds Potential as Digital Marketing Tool
  • Emergence of Alternatives Threatens VPN
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • VPN Usage Picks Up During COVID-19 Pandemic
  • Exhibit 21: Rising Threat of Cyberbreaches Fuels VPN Adoption: Number of Data Breaches and Records Exposed (in Millions) in the US for 2005-2019
CANADA

JAPAN
  • Market Overview
  • Exhibit 22: Internet Penetration Rate (In %) for the Years 2015-2019
  • An Overview of Prominent VPN Providers in Japan
CHINA
  • China's ‘Great Firewall’ Augments Demand for VPN
  • Exhibit 23: List of Popular VPN Vendors in China
  • Hong Kong: Enactment of New National Security Law Spurs Interest in VPN Services
EUROPE
  • 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

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA
  • COVID-19 Pandemic Spurs Adoption of VPNs in India
  • Exhibit 24: 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 KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 115
Note: Product cover images may vary from those shown

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.
  • Columbitech
  • 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.
  • Safer Social Ltd.
  • TunnelBear, Inc.
  • Watchguard Technologies, Inc.
Note: Product cover images may vary from those shown
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