A VPN is a safe and encrypted connection that enables a user to send and receive data across shared or public network. The growing demand for secure wireless accessibility, increasing cyber threats, and growing organization and consumer demand for the remote availability and accessibility of data is leading to the growth of the global VPN market. The mobile VPN application provides a secured network for data transfer, which caters to the increasing demand for smart devices such as phones, tablets, and laptops, in turn, is accelerating the demand for VPN services.

Moreover, the growing need for mobile security solutions has led the manufacturers and service providers to develop more enhanced data transfer application which enables the transferring of data in a more secure way. The increasing number of cyber threats has compelled the organizations to adopt a centrally managed setup, which enables them to provide secure data access to the consumers at a reduced cost. Moreover, data security is a major threat for organizations with the number of cyber-attacks propelling the demand for a more secure network. This has surged the demand for VPN. The growing adoption of mobile devices across various industry verticals provides an opportunity for mobile VPN providers.

The VPN market is segmented on the basis of type, product type, and application. Based on type, the market is bifurcated into remote access VPN and site-to-site VPN. Based on product type, the market is segmented into IP, MPLS, cloud VPN, and mobile VPN. Among these VPN products, the cloud VPN segment is expected to register considerable growth in the market during the forecast period. The rising consumer preference for cloud services and the gradual shift towards virtual applications has increased the demand for cloud VPN. Based on end-user, the market is segmented into government, telecommunication, healthcare, BFSI, and others. VPN services are expected to drive steady growth in healthcare sector during the forecast period due to the growing adoption of cloud technology for the recordkeeping of patient’s data.

Geographically, the global VPN market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Among these regions, Europe is expected to register significant growth in the global VPN market during the forecast period. The favorable government initiatives to implement advanced security measures along with the growing number of smartphones is propelling the growth of the VPN market in Europe. Moreover, the presence of large number of enterprises in the emerging economies, such as UK and Germany, is further propelling the market growth in Europe.

The major players operating in the global VPN market include Express VPN International Ltd., CyberGhost S.A., NordVPN Services, Symantec Corp., IPVanish Services, Cisco Systems, Inc., Google LLC, and TunnelBear LLC. These companies are adopting several strategies, such as merger and acquisitions, product launches, geographical expansion and collaboration, and partnership to expand market share across the globe. For instance, in April 2019, Cloudflare, Inc. launched a new VPN service, named Warp, by incorporating Google’s QUIC protocol for faster speed and reduce the lags.

Research Methodology

The market study of the global VPN market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for internet service providers, government organizations for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation:

• Global VPN Market Research and Analysis by Type
• Global VPN Market Research and Analysis by Product Type
• Global VPN Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the global VPN market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global VPN market.
• Insights about market determinants which are stimulating the global VPN market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.