Virtual Private Network (VPN) Global Market Overview:
The virtual private network denotes the extension of private network allowing users to access data remotely with secure tunnelling and encryption methods, thereby permitting the business continuance towards enormous development. It has the capability to include data that is transferred through numerous different protocols boosts the dependability and security of the data that is being transmitted.
The VPN also allows employees to share company’s resources remotely which decreases the internal staff costs. VPN’s are mainly valuable for employees who travel more frequently for organizations work as it allows the individuals to access and communicate the company’s data directly with enhanced security. The emerging trend in the IT industry such as Bring Your Own Device (BYOD) and the emergence of Internet of Things (IoT) creates a room for Virtual Private Networks Market.
The complexity issues for setting up and configuring the VPN is again become of the big issue in the performance of VPN and the complexities in setting up the VPNs need specialized teams that have a detailed knowledge of the network security. The system design implementation is very complex as it requires a professional high level of understanding to configure the settings of the VPN which might costs companies with additional network specialist which indirectly impede the VPN performance.
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Major Key Players:
- Microsoft Inc. (U.S.)
- Private Internet Access (U.S.)
- CyberGhost (Romania)
- NordVPN (Panama)
- Purevpn (Hong Kong)
- IPVanish (U.S.)
- Golden Frog (U.S.)
- Buffered VPN (Hungary)
- SaferVPN (Israel)
- Samsung Electronics (Korea)
Industry News
December 2017, Samsung has added the ability to setup a VPN connection on its Galaxy Note 8 to help keep the phone secure when connecting to public and dodgy Wi-Fi hotspots. The VPN feature allows the Samsung galaxy note 8 users to setup encrypted connections over wireless hotspots that mask their handset’s real IP address. This feature not only keeps the smartphone out of view of anyone, adding to the security of the mobile handset. This feature in mobile networks is the added application of VPN which the tech companies like Samsung are using as an advantage over their peers.
November 2017, VPN Use Is Gaining Momentum in India. Being the second largest population in the world, many businesses and individuals across the globe are realizing the benefit of using VPN. It has a major impact, since the large population is connected to the internet through their personal computers or smartphones, to their home networks and even to the increasing public networks at railway stations, airports etc. India tends out to be one of the most affected countries by cybercrime. India has overtaken the U.S. as a second country all over the globe with most number of internet users, and the risk of losing data over the public network has increased. This ultimately creates an opportunity for the enterprises providing VPN services to capture the market in India.
November 2017, Apple drops hundreds of VPN apps at Beijing’s request. Apple has removed hundreds of apps from its download store in China this year at the government’s request. Skype was the latest US communications service to be caught up in Beijing’s internet crackdown. Skype’s disappearance suggests that after the Chinese government’s recent attempt to bolster its “Great Firewall” against “virtual private network” apps that allow users to evade censorship, it is now stepping up its efforts against foreign internet-telephony services. The move was part of a government push to tighten its grip on censorship and surveillance by stepping up enforcement of existing regulations.
Virtual Private Network (VPN) Global Market Segmentation:
Segmentation by Type: hosted, IP, multi-protocol label switching, Cloud VPN.
Segmentation by Deployment: on premise, on cloud
Segmentation by Product: router, switches, firewalls
Segmentation by Vertical: government, telecommunication, manufacturing, healthcare, BFSI, utilities.
Segmentation by Region: North America, Europe, Asia Pacific, rest of the world
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Virtual Private Network (VPN) Global Market Regional Analysis
By geography, the market of virtual private network is dominated by North America. The technological advancements, increasing awareness regarding safety and security and increasing demand for cyber security are some of the factors that drive the market growth. The U.S. has seen high adoption of VPN, built out of IP.
The U.S. also comprise of major technological players. Businesses in the U.S uses the VPN services to boost their security and access the resources remotely. However, due to stringent regulations by government, the market is retrained in North America.
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