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

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.