Global Virtual Private Network (VPN) Market to Reach US$77.1 Billion by the Year 2026

Abstract: What`s New for 2022? -Global competitiveness and key competitor percentage market shares. -Market presence across multiple geographies – Strong/Active/Niche/Trivial.

New York, June 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Virtual Private Network (VPN) Industry” – https://www.reportlinker.com/p05817648/?utm_source=GNW
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Global Virtual Private Network (VPN) Market to Reach US$77.1 Billion by the Year 2026

Virtual Private Network or VPN is an encrypted private network that is extended over a public network. Global market for VPN networks is driven primarily by the growing adoption private networks in various industries. With the Internet emerging as the platform for conducting business activities in various industry sectors, the risk of cyberbreaches and data thefts is on the rise. The need to safeguard business data and transactions is thus driving enterprises towards highly secure technologies, thus presenting significant growth opportunities for the VPN market. Increasing incidences of data theft, both financial and personal information, coupled with compromised web security are propelling the need for VPN to enable a safe, encrypted connection. The growing number of cases of cyberattacks is another major factor that urges many enterprises to move to VPN technology. In today`s unsafe cyber environment, more and more industry verticals are adopting VPN services to ensure complete protection of their data while in transmission. With the ongoing COVID-19 pandemic impacting business operations, enterprises are increasingly turning towards Internet-based services for business continuity purposes. This is consequently driving adoption and expansion of VPNs. The enterprise mobility trend and the need for providing ubiquitous access to company networks especially for remote workforce is also enhancing adoption of VPNs.

Amid the COVID-19 crisis, the global market for Virtual Private Network (VPN) estimated at US$32.2 Billion in the year 2020, is projected to…