Virtual Private Network Market Size Worth $180.17 Billion By 2032 | CAGR: 17.2%

The global virtual private network market size is expected to reach USD 180.17 billion by 2032, according to a new study by Polaris market research. The report “Virtual Private Network Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software, Services), By Type (Site-To-Site, Remote Access, Extranet), By Deployment Mode, By End Use, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing frequency of cybersecurity threats is anticipated to propel market growth during the forecast period. With the ongoing expansion of high-speed data networks and the continuous proliferation of connected devices, concerns about data security and privacy are becoming prominent. Individuals, especially when accessing public places, are often exposed to unsecured Wi-Fi networks. This vulnerability makes them targets for hackers. Consequently, there is a growing adoption of Virtual Private Networks (VPNs) as people seek to leverage VPN technology's encryption to safeguard against malicious activities.

The increasing adoption of VPN solutions across various industry verticals and the growing concerns about security are key factors contributing to the market's growth. Organizations find virtual private networks valuable as they have the potential to encrypt data, securing organizational resources when transmitted over public internet connections. This not only helps in cost savings by eliminating the need for leased lines but also enhances operational efficiency. For instance, Brown Bear Corporation, engaged in utility, environmental, and manufacturing applications, utilizes a VPN solution to enable its staff to connect to the company's store or office, reducing travel time and improving management efficiency.

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Virtual Private Networks (VPNs) play a crucial role in bypassing internet censorship as they encrypt the entire data transmission, making it challenging for governments to censor the VPN connection. This encryption ensures that the content being accessed remains private and secure. As a result, both commercial users and individual users turn to VPN solutions to access websites that may be restricted or blocked in certain countries due to censorship policies.

Despite strict restrictions on VPNs in countries like China and Russia, these limitations have contributed to increasing awareness about the importance and functionalities of VPNs. When governments impose such restrictions, they often draw attention to the technology and its capability to provide unrestricted access to the internet. Users, both individual and commercial, recognize the value of VPNs in preserving online privacy and accessing a free and open internet. Consequently, instead of hindering the growth of the VPN market, these restrictions have led to a heightened understanding of VPNs and an increased demand for their services.

Virtual Private Network Market Report Highlights

• Cloud segment garnered the largest revenue share in 2023, primarily due to its scalability and user friendliness
• Software held the largest share and will grow at the fastest pace during the forecast period, on account of its applicability in the varied verticals
• North America emerged as the largest region in 2023, primarily due to presence of major VPN providers and several start ups providing VPN solutions

• The global players include Avast Software, BlackBerry, Cisco Systems, Citrix Systems, CyberGhost, Google, Absolute Software, & Opera Holdings

Polaris Market Research has segmented the virtual private network market report based on component, type, connectivity, deployment, end use, and region:

Virtual Private Network, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Hardware
• Software
• Services

Virtual Private Network, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Hosted
• IP
• MPLS

Virtual Private Network, Connectivity Outlook (Revenue - USD Billion, 2019 - 2032)

• Site-to-site
• Remote access
• Extranet

Virtual Private Network, Deployment Outlook (Revenue - USD Billion, 2019 - 2032)

• Cloud
• On-premise

Virtual Private Network, End Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Commercial
• Individual
• Service providers

Virtual Private Network, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Virtual Private Network Market Report Scope