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VPN Market Size to Grow by USD 33.95 billion | Growing Adoption of BYOD Policies in Organizations to Drive Market Growth | TechnavioNEW YORK, Dec. 6, 2021 /PRNewswire/ -- The virtual private network (VPN) market is fragmented. Vendors are using various inorganic and organic growth strategies to compete in the market. The market size is expected to increase by USD 33.95 billion from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 15.54%. Technavio offers a thorough analysis of the current global market scenario and the overall market environment. Download Free Sample Report for additional highlights of the VPN market VPN Market: Driver The growing adoption of BYOD policies in organizations is driving the demand for VPN solutions, which is driving the growth of the market. Organizations are implementing BYOD policies to save on hardware and telecommunication costs. However, enterprises implement security standards to control applications and content on mobile devices. Thus, VPN technology and other mobile security products are key components in organizations to encrypt data on employees' devices. Are you looking for more information related to the latest drivers, trends, and challenges impacting the market? View Our Free Sample VPN Market: Segmentation Analysis The VPN market has been segmented by type (MPLS, IP, and others) and geography (North America, Europe, APAC, South America, and MEA). By type, the MPLS segment will have significant market share growth during the forecast period. An MPLS VPN helps business secure their capability of transmitting data and using real-time application services. It also unifies its video, voice, data, and mobility communications, with better performance when compared to the public Internet. Hence, enterprises are significantly investing in MPLS VPN solutions. By geography, APAC is expected to account for 27% of the market's growth during the forecast period, with China and Japan being the key countries. Moreover, market growth in APAC is expected to be faster when compared to other regions. Subscribe to Technavio's "Lite Plan" billed annually at USD 3000 to view 3 reports monthly and download 3 reports annually. Related Reports:
Some of the key topics covered in the report include: Market Challenges Market Drivers Market Trends Vendor Landscape
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research View original content to download multimedia:https://www.prnewswire.com/news-releases/vpn-market-size-to-grow-by-usd-33-95-billion--growing-adoption-of-byod-policies-in-organizations-to-drive-market-growth--technavio-301437168.html SOURCE Technavio |