The global Virtual Private Network (VPN) market is increasing at a significant CAGR during the forecast period. A VPN (a virtual private network) is a secure connection method that is primarily used to add privacy and security to private networks and public networks such as Wi-Fi hotspots, DNS and other types of internet connections across the globe. VPN is used to increase privacy as it hides the primary IP address of the user and replaces it with a new IP address. A personal VPN is getting more popular as the number of people using the internet is increasing and it is becoming unsafe. Virtual network subscribers can get IP addresses of any city without depending on the current city they are in such as a user sitting in New York City can get an IP address of Munich which is in Germany.
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Factors Driving Global VPN Market
- Increased personal use
- Media coverage of data breaches and net neutrality has brought privacy to the spotlight
- An increasing number of public Wi-Fi and hotspots
Today, VPN is getting attention across the globe, because now people are able to understand that VPN is not just only for businesses and hackers looking to make trouble. However, there are tremendous benefits of using a VPN for everybody. As more people becoming aware of this service, people have started using VPN software on their internet-connected devices such as mobile phones, laptops, personal computers and so on. A VPN generates an encrypted tunnel that protects all of the user data through a secured network, it makes harder for hackers to hack into that data making it safer as well as protecting the privacy of an individual. A user can browse anonymously using a VPN which protects them from time-consuming ads. Websites see the IP address assigned by a VPN provider that the real IP address of the user because it uses intermediate VPN networks for internet connections.
Another major factor increasing VPN market growth is free public Wi-Fi. Most of the public places have Wi-Fi nowadays such as gym, park, railway station, airport and so on. However, public Wi-Fi is one of the most affected by cybercrimes and hackers. The transmitted over these networks are unsecured and can be easily targeted by hackers. They can easily obtain personal data of the user such as login passwords and information and can access critical information such as bank details, social media, emails and so on. Additionally, they can even access the user’s smartphone which is connected to the public network. Hence, more people are subscribing to VPN services and additionally increasing the demand.
As the use of smartphones is increasing day by day the more it is getting insecure. Most people now a day uses a smartphone for personal tasks without relying on a laptop or a personal computer because a smartphone is able to do the various task very handily and are very easy to carry around. However, with this mobility comes a drawback, the smartphone contains a lot of information of the user, it is synchronized with social media, bank account, emails and so on. Additionally, it has access to all the photos, messages of the user. So, when a user is connected to Wi-Fi all the data on the phone can be shared with other connected devices. Additionally, when the phone is connected to a carrier network, a carrier provider can save all the browsing history of the user. This affects the privacy of the user hence contribute to the growth of the VPN market as more people are getting aware.
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Global VPN Market- Segmentation
By Type
- Remote Access VPN
- Site-to-Site VPN
By Product Type
- IP
- MPLS (Multiprotocol Label Switching)
- Cloud VPN
- Mobile VPN
By End-User
- Government
- Telecommunication
- Healthcare
- BFSI
- Others (Utilities)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
