VPN Software Market to Surpass US$ 6.1 Bn by 2032 Amid Surging Adoption in Virtual Classrooms. The global VPN software market is projected to reach a valuation of US$ 1.7 Bn in 2022. Increasing concerns regarding cyber security are expected to boost the adoption of VPN software at a 13.6% CAGR, with the market valuation reaching US$ 6.1 Bn over the assessment period.
VPN software is being adopted by businesses across the globe to provide remote workers with secure and reliable access to organizational systems. Internet users increasingly rely on virtual private network (VPN) software and services to preserve their circumvent censorship, privacy, and access to geo-filtered content.
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Key Takeaways:
- By deployment mode, demand in the cloud-based VPN software segment is anticipated to increase at a CAGR of 15.5% between 2022 & 2032.
- By enterprise size, the large enterprises segment is anticipated to account for a dominant share of the global VPN software during the forecast period.
- By application, the service provider segment is estimated to grow 5.7X during the forecast period
- By industry, the adoption of VPN software in the BFSI segment is anticipated to increase at a CAGR of 18.0% between 2022 & 2032.
- Total sales of VPN software in the U.S. are expected to hold 80.3% of the North America market share by 2032.
- In India, demand for VPN software is expected to grow 6.9X by 2032.
- The VPN software market in China is estimated to create an absolute opportunity of US$ 408.5 Mn over the forecast period.
Competitive Landscape
Key players are developing new technologies such as advanced VPN solutions and cloud computing platforms for providing secure access to remote users. Remote access and site-to-site VPN connectivity will create attractive opportunities for the VPN software market players.
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VPN Software Outlook By Category
By Deployment Mode:
- On-premise VPN Software
- Cloud-based VPN Software
By Enterprise Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
By Application:
- Consumer
- Commercial
- Service Provider
By Industry:
- IT & Telecom
- Retail
- Government
- Healthcare
- BFSI
- Manufacturing
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)