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Europe Virtual Private Network (VPN) Market Size By Component (Hardware, Software, Services), By Type (IP, MPLS(Multiprotocol Label Switching), Cloud VPN, Mobile VPN), By Connectivity (Site-to-site, Remote Access, Extranet), By Application (Consumer [Smartphones, Tablets, Laptops/PCs], Commercial [BFSI, Healthcare, IT, Government, Manufacturing], Service Providers) Industry Analysis Report, Regional Outlook (UK, Germany, France, Italy, Spain, The Netherlands), Growth Potential, Competitive Market Share & Forecast, 2020-2026

Published Date: September 2020 | Publisher: Graphical Research Report ID: GR1431 | Delivery : PDF

Europe Virtual Private Network (VPN) Market is estimated to be over USD 7.5 billion in 2019 and is expected to register a lucrative growth between 2020 and 2026 with a CAGR of over 9%.

VPN Market, By VPN Type

Europe VPN Market

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The VPN market growth in the region is attributed to the high degree of internet penetration and favorable government initiatives to enhance communication infrastructure. In current COVID-19 crisis, the increased frequency of cyberattacks and data breach incidents is fostering VPN market growth. The private enterprises across the region reported an increase in the use of VPN services. Moreover, the extensive demand for secure connectivity for business processes is enabling the enterprise-wide adoption of VPN services & solutions.

The VPN service segment is expected to grow at a CAGR above 10% over the forecast timeline. The growth is attributed to growing demand for agility in BYOD policies and managing security across network infrastructure. Additionally, enterprises are adopting VPN services for achieving stringent latency requirements for business operations. The use of VPN services help enterprises to in-depth analysis of security measures across network infrastructure.

The MPLS-based VPN segment in Europe VPN market is projected to grow at a CAGR above 8% from 2020 to 2026. The increased demand for connecting corporate sites with data storage facilities is contributing to the segment growth. Unlike traditional VPN services, MPLS-based VPN is designed to ensure quality of services in applications such as video conferencing and VoIP. The advanced capability including multipoint technology that eliminates the need for VPN tunneling is enabling the segment growth.

The extranet connectivity segment is anticipated to witness steady growth over the forecast period by 2026. The need to provide secure access to selectively shared enterprise resources in controlled manner is supporting segment growth. The use of extranet connectivity helps enterprises in providing flexible access to enterprise information. Moreover, the need for assisting enterprises in utilization of existing networking resources and additional network infrastructure is eliminated through extranet connectivity.

The use of VPN solution & services for consumer purposes is anticipated to grow exponentially with CAGR over 14%. The companies selling smartphones are providing built-in VPN software. These devices let smartphone users to cloak their activity and with minimal set-up requirements. Moreover, the use of smartphones for business purposes has increased exponentially with the emergence of BYOD policies. It provides a secure, encrypted connection between the public internet connection.

In France, the government authorities are focusing on expanding high-speed broadband network. Similarly, the government authorities are making significant efforts to counter cyberattacks. For instance, in October 2019, the government issued a security advisory for engineering offices and service providers regarding the cyberattacks over the ongoing events of cyberthreats reported by Airbus and Expleo. The government promoted the use of VPN and encryption technologies as an added safeguard along with implementing enterprise-wide cybersecurity policies.

The companies operating in the region are reporting extensive use of VPN services by enterprises. For instance, in March 2020, NordVPN reported surging adoption of its VPN services in Netherlands. The company reported growth of 240% in its employee business VPN usage. This is attributed to COVID-19 outbreak and government initiative for employees to work from home. Some of the leading companies operating in the Europe VPN market include, Cisco Systems Inc., Citrix Systems, Inc., Google LLC, IBM Corporation and Microsoft Corporation.
 

Frequently Asked Question(FAQ) :

The market size of Europe Virtual Private Network (VPN) was valued over USD 7.5 billion in 2019.
Some of the leading companies operating in the Europe VPN market include, Cisco Systems Inc., Citrix Systems, Inc., Google LLC, IBM Corporation and Microsoft Corporation.
The industry share of Europe Virtual Private Network (VPN) Market is projected to witness 9% growth rate during 2020 to 2026.

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Europe Virtual Private Network (VPN) Market Size and Statistics - 2026


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