Covid 19 Virtual Private Network Market - Growth and Recent Trends by Forecast to 2023

The global virtual private network (VPN) market is expected to register a stellar CAGR of 18.22% over the forecast period of 2016-2022, reveals Market Research Future in a minutely analyzed research report. The market has been observing persistent growth on account of multiplying deployment of VPN by enterprises across the globe to access extremely secured connections and extend private networks across public networks.

The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.

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Segmentation


The global virtual private network market has been segmented based on type, deployment, product, and end user. By type, the market has been segmented into Hosted, IP, Multiprotocol Label Switching, Cloud, and others. By deployment, the market has been segmented into On-Premise, On-Cloud. By products, the market has been segmented into Routers, Switches, Firewalls, and others. By end users, the market has been segmented into Government, Telecommunication, Manufacturing, Healthcare, BFSI, Utilities and others.

Regional Analysis

The Covid 19 Virtual Private Network Market spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World. North America held a relatively higher share of the market and accounted for USD 7.37 Billion in 2016. In the US, cybercrime is a frequent occurrence which leads to soaring demand for VPN in the region. Robust economy of the North America region facilitates the regular inflow of funds and a prosperous IT industry makes North America a prime target for hackers. High adoption of VPN by enterprises supports the growth of the market in the region. Asia Pacific is projected to expand at a relatively faster rate due to the growth in fast-developing countries such as China and India where there is a strong demand for VPN. Europe market is driven by the growing banking industry which attracts cyber threats.

Competitive Landscape

The global virtual private network market is a highly competitive one with the presence of a multitude of established players. With the influx of new entrants to the market, a trend of stable, volume-driven growth has been observed in the market. The key players operating in the global virtual private network market include Microsoft Corporation (U.S), CyberGhost S.A. (Romani), Purevpn (Hong Kong), Golden Frog, GmbH (Switzerland), SaferVPN (Israel), Private Internet Access (U.S), NordVPN (Panama), IPVanish (U.S), Buffered VPN (Hungary), and NetGear, Inc. (U.S).

Browse More Details on Report at: https://www.marketresearchfuture.com/reports/virtual-private-network-market-2160

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