Market OverviewThe global virtual private network market, according to a report by Market Research Future (MRFR), is projected to register a substantial market valuation at a moderate 18.22% CAGR during the forecast period (2016-2022).
Regional Analysis
Geographically, the global [FURL=https://www.marketresearchfuture.com/reports/virtual-private-network-market-2160]VPN Market[/FURL], is studied in four major regions, namely, North America, Europe, the Asia Pacific, and the rest of the world.
North America region is slated to hold a significant market share over the review period. The United States is driven by the increasing rate of cybercrime, presence of strong demand owing to its services and I.T. industries, where VPN has a higher demand for high-end services and privacy.
The rising number of cyber-attacks on enterprises across various business verticals are also contributing to the growth of this market over the assessment period. This encourages organizations to deploy VPN solutions to shield their company resources from unsanctioned access. There is a considerable demand for VPN solutions due to the growing rate of cybercrime, which is driving the market growth in the near future.
The virtual private network market in the Europe region is poised to witness rapid growth in the forecast period. Whereas, the developing countries of the Asia Pacific region, such as Japan, China, and India, are emerging markets for virtual private network solutions, owing to the developing IT industry, and various industry and business verticals with a substantial demand for VPN solutions. The APAC region is poised to witness the highest CAGR over the review period.
Competitive Analysis
The major market players in the global virtual private network market are Private Internet Access (U.S), Microsoft Corporation (U.S), CyberGhost S.A. (Romani), Purevpn (Hong Kong), NordVPN (Panama), IPVanish (U.S), Golden Frog, GmbH (Switzerland), SaferVPN (Israel), Buffered VPN (Hungary), NetGear, Inc. (U.S) and among others.
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