Virtual Private Network Market Growth Statistics, Trends Analysis, Revenue and Forecast to 2032

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Virtual Private Network Market Growth Statistics,
Trends Analysis, Revenue and Forecast to 2032
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• Industry Insights

• The Virtual private network market will exceed
  USD 350 billion in annual valuation by 2032,
  propelled by the rising digitalization and the
  increasing frequency of cyberattacks worldwide.
  In this modern era outlined by the rising
  popularity of online video streaming apps, like
  Netflix, there is a burgeoning need for secure
  communications to protect the connection. The
  increasing usage of public Wi-Fi has sparked
  debates over the safe transmission of sensitive
  information.
• With the influx of the COVID-19 pandemic, which
  steered multiple changes in work as well as the
  adoption of cloud, businesses are rapidly
  deploying next-generation VPNs. In addition to
  providing several benefits to organizations, such
  as secured connectivity, access control and
  simplified distributed networks, these solutions
  offer cost reduction to support remote workers
  and sites.
• Considering these benefits, several leading
  solution providers of virtual private network
  market are actively essaying inorganic marketing
  ventures for extending their offerings to embrace
  the increasing application demands.

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• The hardware is best suited for use in
  enterprises that have large budgets, and
  dedicated teams for handling all the maintenance
  and upkeep. It is primarily a virtual private
  network market that is based on a single
  stand-alone device which comprises a dedicated
  processor to manage functions, such as
  authentication and encryption. It is largely
  favored for its ability to protect multiple
  devices at once, offering a secure dedicated IP
  address and enabling a strong firewall web
  security layer. In fact, the built-in security
  features of the hardware assist organizations
  that require extra data security on the network
  connections.
• The demand for software virtual private network
  market is expected to substantially increase in
  the coming years as they are found to be more
  affordable, easy to install and scale better as
  opposed to their hardware counterparts. The
  popularity of this technology is significantly
  soaring as it lets users create a secure and
  encrypted connection over a computer network,
  like the Internet. No initial investment and
  lower ongoing costs are some other benefits
  associated with these components.
• The increasing number of service providers
  worldwide to help internet users worldwide to
  guard their online identities will positively
  influence the growth of the VPN market. In
  October 2022, Google announced its plans to offer
  free services for letting Pixel 7 users stay
  anonymous on the web. This rising emphasis laid
  by major market players will play a key role in
  the demand for virtual private network market
  services.

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• Competitive Analysis

• Some of the contenders in the virtual private
  network market are Cisco Systems, Inc., Golden
  Frog GmbH, Google LLC., IBM Corporation, Juniper
  Networks, Microsoft Corporation, and Mudhook
  Marketing, Inc., among others. Many players
  predominantly rely on frequent product
  innovations to stay ahead of competition.

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