Global Virtual Private Network (VPN) Market 2021-2027 - MPLS Segment Leads the VPN Market
DUBLIN, July 20, 2021 /PRNewswire/ -- The "Virtual Private Network (VPN) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Virtual Private Network (VPN) Market to Reach $107.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Virtual Private Network (VPN) estimated at US$35.4 Billion in the year 2020, is projected to reach a revised size of US$107.6 Billion by 2027, growing at a CAGR of 17.2% over the analysis period 2020-2027.
Multiprotocol Label Switching, one of the segments analyzed in the report, is projected to record a 19.1% CAGR and reach US$57.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud segment is readjusted to a revised 16.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 18.2% CAGR
The Virtual Private Network (VPN) market in the U.S. is estimated at US$12.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.5 Billion by the year 2027 trailing a CAGR of 18.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.2% and 16.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR.
IP Segment to Record 15.2% CAGR
In the global IP segment, USA, Canada, Japan, China and Europe will drive the 15.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.8 Billion in the year 2020 will reach a projected size of US$15.6 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.4 Billion by the year 2027, while Latin America will expand at a 15.3% CAGR through the analysis period.
Key Topics Covered:
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
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