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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

Amid the COVID-19 crisis, 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 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 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.
Frequently Asked Questions about the Global Market for Virtual Private Network (VPN)

What is the estimated value of the Global Market for Virtual Private Network (VPN)?

The Global Market for Virtual Private Network (VPN) was estimated to be valued at $32.2 Billion in 2020.

What is the growth rate of the Global Market for Virtual Private Network (VPN)?

The growth rate of the Global Market for Virtual Private Network (VPN) is 15.3%, with an estimated value of $87.1 Billion by 2027.

What is the forecasted size of the Global Market for Virtual Private Network (VPN)?

The Global Market for Virtual Private Network (VPN) is estimated to be worth $87.1 Billion by 2027.

Who are the key companies in the Global Market for Virtual Private Network (VPN)?

Key companies in the Global Market for Virtual Private Network (VPN) include 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 and Juniper Networks, Inc..

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