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The virtual private network market is expected to register a CAGR of 15% over the forecast period 2019NEW YORK, Oct. 8, 2019 /PRNewswire/ -- Market Overview Download the full report: https://www.reportbuyer.com/product/5821482/?utm_source=PRN - The significant factor responsible for driving the growth of the VPN market is the increasing adoption of VPN solutions across various industry verticals. - The declining ATM/frame-relay is expected to foster the MPLS VPN growth. Businesses are leveraging on MPLS VPN services, as they help them prioritize applications, such as voice over internet protocol (VoIP), by class for service. Additionally, they eliminate the need for specific VPN tunneling, thus, reducing the latency of inter-site transfer. North America Expected to Hold Significant Market Share - North America region is expected to hold a significant market share for this market. United States is fed by the increasing rate of cybercrime, presence of strong demand due to its service and I.T. led industry pattern and demand for high-end services and privacy. - The increasing number of cyber-attacks on enterprises across various business verticals are responsible for the growth of this market. This encourages organizations to implement VPN solutions to shield their company resources from unsanctioned access. There is a huge demand for VPN due to the increasing rate of cybercrime, which is propelling the market growth. - According to Forbes, around 31% of the organizations in the United States have experienced cyber-attacks on operational technology infrastructure in 2017 and due to this reason organizations are adopting secure and advanced solutions to protect their data. - Further, a recent report, revealed that 74% of Operational Technology organizations experienced a data breach in 2018. One of the primary reasons being only two third os the organisations surveyed have partial cyber security visibility into operational technology. Competitive Landscape The virtual private network market is consolidated and has many large players present. There are many mergers and partnerships taking place in this market thereby helping to propel the growth of the market. - October 2018 - Mozilla announced its partnerships with ProtonVPN to offer VPN services to security-conscious Firefox users. This partnership will strengthen its product portfolio and generate additional revenue sources to increase its profitability. - September 2018 - Cisco and Jio announced an extension of their partnership to tap an INR 500 billion enterprise market. Jio has created a complete greenfield Internet Protocol or IP-backed network based on VoLTE technology, and its partnership with Cisco will include IP/MPLS, data center, integrated mobile core, service provider Wi-Fi, contact center, security, and enterprise IT. Reasons to Purchase this report: - The market estimate (ME) sheet in Excel format - Report customization as per the client's requirements - 3 months of analyst support Download the full report: https://www.reportbuyer.com/product/5821482/?utm_source=PRN About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/the-virtual-private-network-market-is-expected-to-register-a-cagr-of-15-over-the-forecast-period-2019-300933683.html SOURCE ReportBuyer |