VPN Market to record USD 33.95 Bn growth | APAC to emerge as key market | Technavio

Market Dynamics

The global VPN market is expected to observe an incremental growth of USD 33.95 between 2021 and 2026 and observe a YOY growth of 15.57% in 2022. However, the growth momentum is expected to decelerate at a CAGR of 15.54% during the forecast period.

The market is majorly driven by factors such as the rising popularity of the BYOD policy, a significant rise in the number of cyber-attacks, and the increasing adoption of VPN solutions across various industry verticals. On the other hand, the availability of many open source VPN solution providers and the high cost of maintenance are expected to reduce the growth potential in the market.

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Company Profiles

The VPN market report includes information on the product launches, sustainability, and prospects of dominant players such as Alphabet Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., International Business Machines Corp., Juniper Networks Inc., Kape Technologies Plc, McAfee Corp., Microsoft Corp., NCP engineering GmbH, and NordVPN.

Competitive Analysis

The global VPN market is fragmented due to the presence of several established players. Vendors in the market are adopting various organic and inorganic growth strategies to remain competitive and gain an edge over their rivals.

The competitive scenario provided in the VPN market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Market Segmentation by Type

• By type, the market is classified into segments such as MPLS, IP, and others.
• The multiprotocol label switching VPN (MPLS VPN) will have the largest share of the market during the forecast period.
• MPLS BPN enables businesses to secure their capability of transmitting data and using real-time application services and unify their video, voice, data, and mobility communications with better performance than on the public Internet. Such benefits are driving the growth of the segment.

Market Segmentation by Region

• By region, the market is analyzed across North America, Europe, APAC, South America, and MEA.
• APAC will emerge as the largest market for VPN, occupying 27% of the global market share during the forecast period.
• The rising adoption of advanced technologies by enterprises in the region will drive the growth of the VPN market in APAC.
• China and Japan are the key markets for VPN in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

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Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• MPLS - Market size and forecast 2021-2026
• IP - Market size and forecast 2021-2026
• Others - Market size and forecast 2021-2026
• Market opportunity by Type

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2021-2026
• Europe - Market size and forecast 2021-2026
• APAC - Market size and forecast 2021-2026
• South America - Market size and forecast 2021-2026
• MEA - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Alphabet Inc.
• Check Point Software Technologies Ltd.
• Cisco Systems Inc.
• International Business Machines Corp.
• Juniper Networks Inc.
• Kape Technologies Plc
• McAfee Corp.
• Microsoft Corp.
• NCP engineering GmbH
• NordVPN

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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