The global VPN software market is expected to reach a value of US$ 1.7 billion in the year 2023. This market is anticipated to continue expanding at a steady rate of 14.1% annually, eventually reaching a total worth of US$ 7.2 billion by the year 2033.
VPN software is being adopted by businesses across the globe to provide remote workers with secure and reliable access to organizational systems. Internet users increasingly rely on virtual private network (VPN) software and services to preserve their circumvent censorship, privacy, and access to geo-filtered content.
A Virtual Private Network (VPN) is a way to extend a private network through a public network such as the internet. VPN software providers are majorly focusing on two solutions such as IPSec (IP Security Protocol) and OpenVPN that improve network security and scalability.
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Virtual private network (VPN) software in particular plays an integral role in securing high-performance internet freedom. Growing mobile and cloud applications is one of the key drivers of the global VPN software market.
With rising number of VPN cloud applications and VPN services used by enterprises, companies are exploring applications that can be integrated into existing IT infrastructure rather than investing in entirely new infrastructure and components. It also offers various benefits such as the breadth of access and extended global reach, flexibility, resiliency, security, proactive management and reporting, and service agility.
With the advancement of internet and multimedia computer technologies, virtual classrooms have appropriate technical support. In remote virtual classrooms, VPN software is being used to modify traditional ways of education and introduce fundamental changes in learning and teaching methods.
Remote access VPNs and site-to-site VPNs are the two basic types of VPN connectivity. VPN software offers a wide range of benefits such as secure and fast connections, real-time control of 3G charges, one-click operation, easy administration, and high profitability through low operation costs.
Remote-access VPNs allow individual remote users to connect to a remote network such as roaming students connecting to their campus intranet. Increasing demand for virtual classroom-related technology, along with growing need for remote access VPN in institutes for education will augment the growth in the market.
Key Takeaways from the VPN Software Market Report:
- By deployment mode, demand in the cloud-based VPN software segment is anticipated to increase at a CAGR of 15.5% between 2022 & 2032.
- By enterprise size, the large enterprises segment is anticipated to account for a dominant share of the global VPN software during the forecast period.
- By application, the service provider segment is estimated to grow 5.7X during the forecast period
- By industry, the adoption of VPN software in the BFSI segment is anticipated to increase at a CAGR of 18.0% between 2022 & 2032.
- Total sales of VPN software in the U.S. are expected to hold 80.3% of the North America market share by 2032.
- In India, demand for VPN software is expected to grow 6.9X by 2032.
- The VPN software market in China is estimated to create an absolute opportunity of US$ 408.5 Mn over the forecast period.
Competitive Landscape
Key players are developing new technologies such as advanced VPN solutions and cloud computing platforms for providing secure access to remote users. Remote access and site-to-site VPN connectivity will create attractive opportunities for the VPN software market players.
Key Players:
- Cisco Systems, Inc.
- GZ Systems Ltd.
- Nord Security
- CactusVPN
- NCP Engineering GmbH
- Netgear Inc.
- Huawei Technologies Co., Ltd.
- Array Networks, Inc.
- Microsoft Corporation
- Virtela
- Robustel
- Singtel
- Oracle Corporation
- Contemporary Controls
- Sophos
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More Valuable Insights on VPN Software Market
FMI’s report on the VPN software industry research is segmented into five major sections – deployment mode (on-premise VPN software, and cloud-based VPN software) enterprise size (small and medium-sized enterprises (SMEs), large enterprises), application (consumer, commercial, and service provider), industry (IT & telecom, retail, government, healthcare, BFSI, manufacturing, and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the VPN software demand outlook.
VPN Software Market Segmentation:
By Deployment Mode:
- On-premise VPN Software
- Cloud-based VPN Software
By Enterprise Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
By Application:
- Consumer
- Commercial
- Service Provider
By Industry:
- IT & Telecom
- Retail
- Government
- Healthcare
- BFSI
- Manufacturing
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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