VPN Market - Virtual Private Network Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Virtual Private Network Market is Segmented by Component (Hardware and Software & Services), Type (Hosted, IP, MPLS, Cloud, and Mobile), End-user Industry (BFSI, Healthcare, IT, Government, Manufacturing, and other End-user Industries), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

VPN Market - Virtual Private Network Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Virtual Private Network Industry Overview

The virtual private network market is highly fragmented and has many prominent players. These players are undergoing strategic initiatives such as mergers, acquisitions, partnerships, product innovation, and others, helping to propel the market's growth.

In November 2022, RadioIP, one of the leaders in secure mobile communications, selected NextNav, the leader in vertical location positioning, to empower its industry-leading VPN solutions with mission-critical z-axis location intelligence.

Further, in June 2022, NordVPN announced a new feature called Meshnet, allowing users to connect directly to other devices instead of routing their traffic through a VPN server, solidifying the company's stance as an industry leader.

Virtual Private Network Market Leaders

  1. Microsoft Corporation

  2. Cisco Systems Inc.

  3. Radio IP Software Inc.

  4. IBM Corporation

  5. Check Point Software Technologies Limited

  6. *Disclaimer: Major Players sorted in no particular order
Virtual Private Network Market Concentration