The market has witnessed tremendous growth over the past few years and is expected to witness significant expansion in the near future. Virtual private network (VPN) extends a private network across a public network and enables users to send and receive data across shared or public networks as if their computing devices were directly connected to the private network. VPNs help to ensure security and privacy online by encrypting traffic between users' devices and VPN servers. These allow people to work from anywhere securely, bypass internet restrictions, and maintain anonymity online. With more people working remotely coupled with growing concerns around online privacy and security, the demand for VPN services is surging globally.
Market Dynamics:
Rising BYOD trends in workplaces, increasing remote and flexible working arrangements, growing concerns around online privacy and security are some of the key factors boosting demand for VPN services. However, availability of free VPN alternatives and lack of awareness in some emerging markets are hampering the market growth. Development of next-gen VPN technologies focusing on enhancing speeds and security coupled with increasing investments by industry players to develop more user-friendly and personalized services present significant growth opportunities for market players.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook