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Virtual Private Network Market

ID: MRFR/ICT/1608-CR
100 Pages
Ankit Gupta
February 2020

Virtual Private Network Market, By Type (Hosted, IP, Multiprotocol Label Switching, Cloud), By Deployment (On-Premise, On-Cloud), Products (Routers, Switches, Firewalls), By End User (Government, Telecommunication, Manufacturing, Healthcare, BFSI, Utilities) - Forecast till 2035

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Summary Table of Contents Segmentation Download PDF

Virtual Private Network Market Summary

As per Market Research Future Analysis, the Virtual Private Network Market is set to experience significant growth, projected to rise from USD 1026.7 billion in 2024 to USD 2714.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 12.9% during the forecast period. The market was valued at USD 923.5 billion in 2023, driven by increased smartphone usage, remote work trends, and technological advancements. The COVID-19 pandemic has further accelerated VPN adoption, with an estimated market growth of USD 35.4 billion in 2020. However, challenges such as low consumer awareness and security concerns may hinder growth.

Key Market Trends & Highlights

Key trends influencing the VPN market include technological advancements and increased demand for security solutions.

  • Market growth from USD 1026.7 billion in 2024 to USD 2714.8 billion by 2032.
  • CAGR of 12.9% during the forecast period (2024 - 2032).
  • COVID-19 led to an estimated market growth of USD 35.4 billion in 2020.
  • Increased adoption of VPNs in remote work and online education sectors.

Market Size & Forecast

2023 Market Size USD 923.5 Billion
2024 Market Size USD 1026.7 Billion
2032 Market Size USD 2714.8 Billion

Major Players

NordVPN, ExpressVPN, SurfShark, Private Access Internet, Hotspot Shield, IPVanish, CyberGhost VPN, Proton VPN, Ultra VPN, Norton Secure VPN

Virtual Private Network Market Drivers

Increasing Cybersecurity Threats

The rise in cybersecurity threats is a primary driver of the Global Virtual Private Network Market Industry. As organizations face increasing risks from cyberattacks, data breaches, and identity theft, the demand for VPN solutions is surging. VPNs provide a secure tunnel for data transmission, safeguarding sensitive information from malicious actors. In 2024, the market is projected to reach 1026.7 USD Billion, reflecting a growing awareness of the need for robust cybersecurity measures. Companies are increasingly adopting VPNs to protect their networks, indicating a shift towards prioritizing security in digital communications.

Market Segment Insights

By Solution Insights

By Application Insights

By End-user Insights

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Key Companies in the Virtual Private Network Market market include

Industry Developments

An announcement has been made on 15 March 2021 by Cloud Nine Web3 Technologies that they have decided to sign an agreement with Victory Square technologies regarding an asset purchase. This will offer intellectual property rights with the production stage of VPNs.

Later, the same company bought the company’s name of “Limitless Technologies” and other companies of Victory square such as Decentrum Ed-Tech software.

Future Outlook

Virtual Private Network Market Future Outlook

The Global Virtual Private Network Market is projected to grow at a 12.92% CAGR from 2024 to 2035, driven by increasing cybersecurity concerns, remote work adoption, and regulatory compliance demands.

New opportunities lie in:

  • Develop AI-driven VPN solutions for enhanced security and user experience. Expand into emerging markets with tailored pricing strategies for local businesses. Leverage partnerships with cloud service providers to integrate VPN services seamlessly.

By 2035, the market is expected to reach a robust position, reflecting substantial growth and innovation.

Market Segmentation

By Type Outlook

  • Layer 2 Tunneling Protocol
  • Open VPN
  • TLS and SLS
  • Internet Protocol Security
  • Point to Point Tunneling Protocol
  • Others
  • Intranet VPN
  • Extranet VPN
  • Access VPN
  • IT
  • Manufacturing
  • Government
  • Healthcare
  • BFSI

By Platform Outlook

  • Mobile and wireless devices
  • Wired devices
  • Remote
  • Site to Site VPN
  • Others
  • Services
  • Software

By Deployment Outlook

  • On-Premises
  • Cloud
  • NordVPN
  • ExpressVPN
  • SurfShark
  • Private Access Internet 
  • Hotspot Shield
  • IPVanish
  • CyberGhost VPN
  • Proton VPN
  • Ultra VPN
  • Norton Secure VPN

By Geographical Outlook

  • Asia Pacific
  • Canada
  • Japan
  • China
  • Europe
  • United Kingdom
  • Rest of the World

Report Scope

Attribute/MetricDetails
  Market Size  UDS 2714.8 Billion
  CAGR  12.9%
  Base Year  2023
  Forecast Period  2024-2030
  Historical Data  2020
  Forecast Units  Significant value
  Report Coverage  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered  Type, Products
  Geographies Covered  North America, Europe, Asia-Pacific
  Key Vendors  Nord VPN, ExpressVPN, SurfShark, Private Access Internet, Hotspot Shield, IPVanish, CyberGhost VPN, Proton VPN, Ultra VPN, Norton Secure VPN
  Key Market Opportunities  Alternatively, there was a huge usage of VPNs in several business enterprises, schools, colleges, and other organizations
  Key Market Drivers  This point of the report depicts the factors responsible for the growth of the VPN market.

Market Highlights

Author
Ankit Gupta
Senior Research Analyst

Ankit Gupta is an analyst in market research industry in ICT and SEMI industry. With post-graduation in "Telecom and Marketing Management" and graduation in "Electronics and Telecommunication" vertical he is well versed with recent development in ICT industry as a whole. Having worked on more than 150+ reports including consultation for fortune 500 companies such as Microsoft and Rio Tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.

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FAQs

How big is the Virtual Private Network Market?

The virtual private network market growth will reach USD 2714.8 billion by 2032 high rate of 12.9% of CAGR till the end of 2024-2032

What is the factor promoting the market for VPN?

The VPN market is expected to gain traction due to the efficiency in operations.

Based on verticals, which segment is heading the VPN market?

A 12.9% CAGR is estimated to promote the government segment to the forefront.

Who are the influencers in the VPN market globally?

Nord VPN, ExpressVPN, SurfShark, Private Access Internet, Hotspot Shield, IPVanish, CyberGhost VPN, Proton VPN, Ultra VPN, Norton Secure VPN are a few of the influences in the market.

By user type, which segment is influencing the VPN market?

The VPN segment is expected to lead in the segment based on user type.

What are the types of virtual private networks?

VPN mainly divided into Open VPN, Layer 2 Tunneling Protocol, TLS and SLS, Internet Protocol Security, Point to Point Tunneling Protocol

What the segments in the market for VPN?

The VPN market is expected to gain traction due to the efficiency in operations.

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