is estimated at US$16.5 Billion in the year 2022. The Virtual Private Network (VPN) market in the U.S. Market is Estimated at $16.5 Billion in 2022, While China is Forecast to Reach $11.2 Billion by 2026 The increasing adoption of virtual technologies and devices in application delivery, networking and security products and services is fueling growth in the cloud VPN market. A cloud-based VPN provides access to global VPN to users, including third-party users and subscribers, over the public network. Real-time applications such as voice over IP (VoIP), video conferencing and business-critical bank apps receive special support from MPLS VPN solutions. The growing need for secure and multi-site connectivity and increasing cloud migration creates steady demand for Multiprotocol Label Switching (MPLS) VPN solutions. This segment currently accounts for a 18.2% share of the global Virtual Private Network (VPN) market. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud segment is readjusted to a revised 17.3% CAGR for the next 7-year period. Multiprotocol Label Switching, one of the segments analyzed in the report, is projected to grow at a 15.4% CAGR to reach US$42.7 Billion by the end of the analysis period. With about 45% of users using their mobile devices for personal as well as professional purposes, the adoption of VPN has gained prominence among enterprises looking to ensure safe and secure access to their employees. The enterprise mobility trend and the need for providing ubiquitous access to company networks especially for remote workforce is also enhancing adoption of VPNs. This is consequently driving adoption and expansion of VPNs. With the ongoing COVID-19 pandemic impacting business operations, enterprises are increasingly turning towards Internet-based services for business continuity purposes. In today`s unsafe cyber environment, more and more industry verticals are adopting VPN services to ensure complete protection of their data while in transmission. The growing number of cases of cyberattacks is another major factor that urges many enterprises to move to VPN technology. Increasing incidences of data theft, both financial and personal information, coupled with compromised web security are propelling the need for VPN to enable a safe, encrypted connection. The need to safeguard business data and transactions is thus driving enterprises towards highly secure technologies, thus presenting significant growth opportunities for the VPN market. Global Virtual Private Network (VPN) Market to Reach US$77.1 Billion by the Year 2026Īmid the COVID-19 crisis, the global market for Virtual Private Network (VPN) estimated at US$44.6 Billion in the year 2022, is projected to reach a revised size of US$77.1 Billion by 2026, growing at a CAGR of 15.3% over the analysis period. DUBLIN-( BUSINESS WIRE)-The "Virtual Private Network (VPN) - Global Market Trajectory & Analytics" report has been added to 's offering.
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