VPN Market share research by applications and regions for 2018-2024 Virtual Private Network (VPN) Market

Virtual Private Network Industry analysis research
and trends report for 2018-2024: Global Market
Insights Inc.
According to new Global Market Insights, Inc, technology research report Virtual
Private Network (VPN) Market size is driven by the rising demand for secured private
connections. VPN technology gives extremely secured connections and extends
private networks across public networks. It enables the user to exchange data across
shared or public networks. It also, increases the efficiency of the organization by
mitigating the risk of cyber-attacks and data breaches. For instance, a manufacturing
company can significantly increase its management efficiency and minimize the drive
time by utilizing VPN. With advancements in the technology, there was an increase in
cyber-attacks by around 164% in 2017 as compared to 2016. This is the major reason
for the rising demand for cloud-based security solutions, which in turn fosters the
demand for VPN market.
The advantages of VPN include improved communication, better security, low
operating costs, and increased flexibility & reliability for the end user. It enables the
user to access the business network or home network securely while traveling. It
secures the browsing activities of the users from local networks. It also provides
access to geo-blocked websites and assists in downloading file securely using a VPN-
prepared system.
VPN market can be categorized into firewall based, hardware based, software based,
and Secure Socket Layer (SSL) technology based. The firewall based is used to
protect the system from malicious content, and from unauthorized users intercepting
the connection. The hardware-based VPN consists of the total package installed in a
compact system that provides a secure way to exchange the data. The software-based
VPN is to be installed in the system within an organization. It is multiuser and shares
the server with other applications installed in the organization. The SSL is dominating
the technology landscape. The SSL is built into a modern web-browser and allows a
user from any internet enabled location to browse using a remotely operated, secure
VPN connection. It uses device-to-device encryption to secure the data transferred
between the endpoint-device-user-software and allows the clients to connect to the
internet securely. With SSL VPN system, more productivity enhancement, improved
availability, and cost savings are observed by the IT, BFSI, and the healthcare & life
sciences industries.
North America holds a majority share of the VPN market due to a robust growth in the
BFSI, retail, and other sectors in this region along with a rising adoption of VPN
systems by the healthcare industry in the U.S. As the region is witnessing rapid
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