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(IT-NEWSWIRE.COM, July 16, 2019 ) In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Virtual Private Network (VPN) market for 2018-2023.
A virtual private network (VPN) extends a private network across a public network, and enables users to send and receive data across shared or public networks as if their computing devices were directly connected to the private network. (In the simplest terms, it creates a secure, encrypted connection, which can be thought of as a tunnel, between your computer and a server operated by the VPN service.) Applications running across the VPN may therefore benefit from the functionality, security, and management of the private network.
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VPNs may allow employees to securely access a corporate intranet while located outside the office. They are used to securely connect geographically separated offices of an organization, creating one cohesive network. Personal VPN Users Internet users may secure their wireless transactions with a VPN, to circumvent geo-restrictions and censorship, or to connect to proxy servers for the purpose of protecting personal identity and location. However, some Internet sites block access to known VPN technology to prevent the circumvention of their geo-restrictions.
A VPN is created by establishing a virtual point-to-point connection through the use of dedicated connections, virtual tunneling protocols, or traffic encryption. A VPN available from the public Internet can provide some of the benefits of a wide area network (WAN). From a user perspective, the resources available within the private network can be accessed remotely.
Traditional VPNs are characterized by a point-to-point topology, and they do not tend to support or connect broadcast domains, so services such as Microsoft Windows NetBIOS may not be fully supported or work as they would on a local area network (LAN). Designers have developed VPN variants, such as Virtual Private LAN Service (VPLS), and layer-2 tunneling protocols, to overcome this limitation.
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The Europe VPN market generated the highest sales in 2017, as organizations in Europe are equipped with advanced technologies. Moreover, presence of large number of enterprises and increase in number of internet users have supplemented the market growth. The Asia-Pacific VPN market is expected to grow at the highest CAGR, owing to rise in penetration of internet, rapid industrialization, and significant economic growth.
In the cloud VPN connectivity type, the remote access cloud VPN is expected to hold the largest market share during the forecast period. This is due to the high adoption rate of mobile devices and Bring Your Own Device (BYOD) trends among organizations. In the organization size segmentation, the SMEs segment is expected to grow at a higher CAGR, due to the large-scale adoption of cloud VPN solutions and cost effectiveness and centralized management capabilities during the forecast period
In the cloud VPN end-user market, the verticals segment is expected to grow at the highest rate during the forecast period. This is due to the preference to purchase the cloud VPN solutions and services directly from software vendors without relying on third-party service vendors.
Over the next five years, LPI(LP Information) projects that Virtual Private Network (VPN) will register a 13.3% CAGR in terms of revenue, reach US$ 2660 million by 2023, from US$ 1260 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Virtual Private Network (VPN) market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Remote Access VPN
Site-to-Site VPN
Segmentation by application:
Personal VPN Users
Corporate VPN Users
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Private Internet Access
Nord VPN
TorGuard
Cyber Ghost
Hotspot Shield
IP Vanish VPN
Buffered VPN
Golden Frog
VPN Pure
Express VPN
Safer VPN
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Table Of Content:
Chapter One: Scope of the Report
Chapter Two: Executive Summary
Chapter Three: Global Virtual Private Network (VPN) by Players
Chapter Four: Virtual Private Network (VPN) by Regions
Chapter Five: Americas
Continued...
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Analytical Research Cognizance
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