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
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Report Attribute | Details |
---|---|
No. of Pages | 688 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 32.2 Billion |
Forecasted Market Value ( USD | $ 87.1 Billion |
Compound Annual Growth Rate | 15.3% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
IV. COMPETITION
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