Global Virtual Private Network (VPN) Strategic Market Report 2023-2030: Transforming the Way Users Browse the Internet, VPNs Continue to Gain Prominence for Businesses & Consumers Alike
DUBLIN, Sept. 25, 2023 /PRNewswire/ -- The "Virtual Private Network (VPN) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global Virtual Private Network (VPN) market is on a remarkable growth trajectory, starting at an estimated value of US$44.6 Billion in 2022 and expected to surge to US$137.7 Billion by 2030, showcasing a robust CAGR of 15.1% from 2022 to 2030.
This analysis encompasses various sectors such as Multiprotocol Label Switching, Cloud, IP, BFSI, IT & Telecom, Government, Healthcare, Manufacturing, and Other End-Uses, providing invaluable insights for industry stakeholders.
Among the segments analyzed, Multiprotocol Label Switching is set to achieve a 15.2% CAGR, reaching US$67.4 Billion by the end of the analysis period, while the Cloud segment is poised for substantial growth with a 17.1% CAGR over the next eight years.
Geographically, the report covers key regions including the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa, offering a comprehensive understanding of market dynamics. The VPN market has displayed consistent growth from 2017 to 2030, with significant annual revenue figures.
In the U.S., the VPN market is valued at approximately US$16.5 Billion in 2022, while China, as the world's second-largest economy, is projected to reach a market size of US$21.5 Billion by 2030, driven by a robust CAGR of 17.6% during the period from 2022 to 2030.
Japan and Canada are also notable markets, with growth rates of 11.9% and 12.5%, respectively, expected over the 2022-2030 period. In Europe, Germany is forecasted to experience an approximate 11.9% CAGR, highlighting the promising prospects of the VPN market.
The report also provides an extensive analysis of leading competitors, equipping you with a in-depth understanding of the competitive landscape.
Key Topics Covered:
FOCUS ON SELECT PLAYERS (Total 155 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/7qq4il
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