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Virtual Private Network Market share forecast to witness considerable growth from 2018 to 2024: Global Market Insights, Inc. 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 digitization in the healthcare sector due to favorable government initiatives for recording the medical data from birth till death, it is expected to dominate the global VPN market between 2018 and 2024. The VPN market is growing at a good pace in Asia Pacific due to the growing trend of these networks among enterprises in India, China, and other Asia Pacific countries. For instance, there was an increase of around 11.34% in 2017 considering the number of internet users in India, as compared to 2016. However, India tends to be one of the most affected countries by cybercrimes. There was an increase in cyber-attacks in India by about 6.25% in 2016 over 2015. This ultimately creates an opportunity for the enterprises providing VPN services to capture the market in India.

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. 1|Page


Virtual Private Network (VPN) Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia & New Zealand, South Korea, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024 https://bit.ly/2OAI2mc 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. The companies operating in the VPN software market focus on acquisitions to provide better facilities to the customers. For instance, in June 2016; Cisco acquired CloudLock and in July 2017; it acquired Observable Networks, Inc. Also, in February 2018, Cisco acquired Skyport systems to grow faster and to increase its market share in the VPN software market. VPN software market includes various vendors providing solutions to the market such as Cisco, Microsoft, Google, Oracle, Contemporary Controls Systems, Cohesive Networks, NCP Engineering, Huawei Technologies, Robustel, Contemporary Controls Systems, Vertela, Singapore Telecommunications, Golden Frog, and Cyberghost.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Virtual Private Network market share research by applications and regions for 2018-2024  

The companies operating in the VPN software market focus on acquisitions to provide better facilities to the customers. For instance, in Jun...

Virtual Private Network market share research by applications and regions for 2018-2024  

The companies operating in the VPN software market focus on acquisitions to provide better facilities to the customers. For instance, in Jun...

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