Virtual Private Network (VPN) Market To Reach USD 71.33 Billion By 2027
Market Summary Growing deployment of virtual private network (VPN) across industry verticals is one of the significant factors influencing the market growth. Market Size – USD 22.61 billion in 2019, Market Growth - CAGR of 14.2%, Market Trends – Growing work from trend. The global hydroquinone market is expected to reach USD 71.33 Billion by 2027, according to a new report by Reports and Data. The market demand for virtual private networks (VPN) market is witnessing growth on account of increasing data-breaches, owing to the offering of a private and secure network by VPN for providing access to individuals. Further key findings from the report suggest : • The market in the Asia Pacific region contributed to the largest market share in is estimated to grow at a rate of 15.5% in the period 2020-2027. The marker dominance of the APAC is attributed to the ubiquity of internet connectivity in the region as well as the increasing government initiatives for digitalization in the emerging countries such as India, in the region. • In May 2019, Israel evolved as a key region in the cybersecurity space, with more than USD 1.00 billion invested in the sector, which is an increase of 47.0% over the previous year. www.reportsanddata.com
Key Players: Microsoft Corporation, Private Internet Access, CyberGhost S.A., Nord VPN, Netgear Inc., AWS, Huawei, Century Link Google, and Rackspace, among others. Segmentation: • Component Outlook (Revenue, USD Million; 2017-2027), Hardware, Software, Services,Type Outlook (Revenue, USD Million; 2017-2027), IP (Internet Protocol), MPLS (Multiprotocol Label Switching), Cloud VPN, Mobile VPN • Organization Size Outlook (Revenue, USD Million; 2017-2027), Small & Medium Sized Enterprises, Large Enterprises • Industry Vertical Outlook (Revenue, USD Million; 2017-2027), IT & Telecommunication, BFSI, Manufacturing, Government, Utilities, Healthcare, Others
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Regional Virtual Private Network (VPN) Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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