Date : November 2024
Virtual Private Network (VPN) Market Size Analysis and Top Companies
The global virtual private network (VPN) market size is estimated at to hit around USD 437.74 billion by 2033 from USD 72.89 billion in 2024 with a CAGR of 22.04% from 2024 tpo 2033. The top companies operating in the virtual private network (VPN) market are Cisco Systems, Inc., Opera Norway AS, IBM Corporation, Google LLC, Citrix Systems, Inc., Avast Software s.r.o., NetMotion Software and Others.
Report Coverage | Details |
Market Size in 2024 | USD 72.89 Billion |
Market Size by 2034 | USD 534.22 Billion |
Growth Rate from 2024 to 2034 | CAGR of 22.04% |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | By Component, By Type, By Deployment Mode and By End-Use |
Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
The above-mentioned vendors are concentrating on growing their customer base to acquire a competitive advantage in the market. They are exploring several strategic initiatives, including mergers and acquisitions, alliances, and collaborations. One of the most recent advancements in establishing a payment deferrals program by Cisco Systems, Inc. in April 2020 was to encourage businesses to purchase solutions for the virtual private network during the pandemic era.
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