AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Virtual Private Network (VPN) Market Outlook, 2019 to 2024: Increasing Cybercrime Issues Trigger a Robust Industry Growth - ResearchAndMarkets.com

November 22, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 22, 2019--

The “Virtual Private Network (VPN) Market - Forecasts from 2019 to 2024” report has been added to ResearchAndMarkets.com’s offering.

The Virtual Private Network (VPN) Market is projected to grow at a CAGR of 6.39% to reach US$50.153 billion by 2024, from US$34.591 billion in 2018.

The demand for VPNs will grow on account of the increasing cybercrime issues, as VPNs provide a secure and private network for individuals to access. In addition to this, many online services are acquiring VPN service providers to provide their own VPN services to users. However, since VPNs carry data to a different server before taking the user to the desired webpage, they witness some performance and speed issues, which restrains the demand for these services during the forecasted period.

Geographically, North America is expected to hold a significant share of the market due to early adoption of technology and early development of cyber security concerns. The Asia Pacific market will see many exciting growth opportunities due to increasing adoption of internet connectivity and devices such as smartphones, tablets, and laptops, among others.

Report Scope

This report is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by platform, application, and geography.

The virtual private network (VPN) market has been segmented based on platform, application and geography. By platform, the market has been segmented into personal computers & laptops, smartphones & tablets, smart TVs, and gaming consoles. By application the market it segmented into censorship bypass, IP address making, data protection and others.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Major players in the virtual private network (VPN) market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the virtual private network (VPN) market.

Companies Profiled

For more information about this report visit https://www.researchandmarkets.com/r/t4nydh

View source version on businesswire.com:https://www.businesswire.com/news/home/20191122005446/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY NETWORKS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/22/2019 12:43 PM/DISC: 11/22/2019 12:43 PM

http://www.businesswire.com/news/home/20191122005446/en