Virtual Private Network Market Size, Share and Global Trend By Type(Remote Access VPN, Site-to-Site VPN), By End User (Government,Telecommunication, Manufacturing, Healthcare, BFSI, Utilities, Others), By Deployment (OnPremise, On Cloud ) , By Application(Consumer, Commercial, Service provider), and Regional Forecast, 2024-2032

Virtual Private Network is a service that provides safe and encrypted connections over the less secured public internet from device to network. Here, the user can be part of the network even by sitting in a remote location. The virtual private network has its application in the consumer market such as mobile, tablets or computers as well as commercial users such as government, healthcare, BFSI, telecommunication, manufacturing among others.

The healthcare sector is one of the major end-users of the VPN network which requires access to confidential medical records or medical history and other healthcare applications through wireless networks by the users such as physicians, field workers, and medical staff. The banking, financial services, and insurance (BFSI) sector spend a noteworthy part of its revenue for mobile security products and services. Furthermore, banks are concentrating on verifying clients' record accreditations in addition to safeguarding payment gateways of portable security items and administrations.

The cyber threats has increased to 60 percent by 2018 in the USA, government and organizations are actively adopting VPN for privacy and information safety. Organizations these days are also allowing the use of personal mobile and laptops for office work and for work from home where they are securing data with the use of VPN network.

Key Players Covered

The key VPN providers are PureVPN, NordVPN, OpenVPN, ExpressVPN, Cisco Systems, Inc., CactusVPN, Freelan, eVenture, Privax Ltd., IPVanish, Symantec Software Solutions Private Limited, Plex, SoftEther Project, NCP Engineering GmbH Netgear Inc., Huawei Technologies Co., Ltd., and Array Networks, Inc. among others.   

For instance, Cloudflare has launched its new Warp VPN this year, which verifies and upgrades DNS queries. Once empowered, Warp encodes all connections, thereby securing all web traffic on any gadget. As security is the main feature of VPN tools that impact internet speed, Warp VPN is likely to improve security aspects along with Internet performance and reliability.

SEGMENTATION

Regional Analysis

Asia Pacific and Europe are among the largest users of the VPN network. India, Indonesia, and China are expected to be among the top markets of VPN for the forecasted year. Mobile and laptops are estimated to be highly used devices for the VPN network. It is estimated that organizations are increasing VPN network applications because of the high demand for the safety of information and the drop in prices of the internet. The number of new malware variants for mobile is likely to reach 5o percent above the year. This has generated more awareness in the organizations for the VPN installation.

Key Industry Developments

• March 2019: The Russian restriction organization, Roskomnadzor has requested 10 VPN specialist co-ops to connect their servers in Russia to its system so as to prevent clients inside the nation from achieving prohibited destinations.


• September 2017: VEON, a leading global provider of connectivity and internet services, and Hutchison Global Communications Limited (HGC), have collaborated to provide the multinational customer with their own VPN to grow the business, this will provide a single virtual sales team for B2B services, combining their value proposition, services, and procedures.