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APAC Virtual Private Network Market revenue to cross $30 Bn by 2027
Published Date: 2022-01-03
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APAC Virtual Private Network Market size is estimated to surpass USD 30 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is attributed to supportive government initiative for the development and the introduction of 5G networks. The government of India and China are supporting digital transformation initiative through ‘Make in India’ & ‘Made in China 2025’, to promote adoption of IoT across the multiple industries. Various companies are expanding 5G capabilities in the region. For instance, in December 2020, Nokia Corporation started its production of 5G equipment in India. The deployment of 5G equipment is dependent on spectrum auction with suitable wireless frequencies to start 5G in the country. Moreover, the increasing number of small and medium enterprises that are adopting BOYD solution for reducing the initial infrastructure expenses. During COVID-19 pandemic various business organization has adopted BYOD environment for the employees and partners which is creating significant growth opportunity for the market.
The VPN services segment accounted over 22% market share in 2020 owing to growing need for efficient services among business enterprises. The VPN services enable business organization to manage and control business network and offer complete view of network infrastructure. Moreover, growing small and medium enterprises across the region require efficient VPN services for establishing connection with customers. Service providers help enterprises to manage the endpoints of the network and notify users whenever a threat is detected.
The Internet Protocol VPN segment reported market share of around 20% in 2020 due to growing demand for high-speed internet and untapped potential in SMEs. The SMEs are highly cost conscious, they are always for cost effective network solution. So, IP VPN service providers capitalize the requirement of SMEs and offer single network that support multiple services and can be accessed from anywhere. There are several benefits of IP VPN such as escape data throttling, reduce cost, enhance security, provide network scalability and others.
Browse detailed statistical insights from the report, “Asia Pacific Virtual Private Network (VPN) Market Forecast 2027 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), Research Report, Country Outlook (ANZ, China, India, Japan, and South Korea), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The remote access connectivity segment dominated more than 32% market share in 2020 due several benefits offered by remote access VPN such as data security. Various business enterprises are using remote access VPN to secure their data while working remotely. Remote access VPN helps the organizations to remotely operate their businesses and work more efficiently. There are several benefits of remote access VPN such as reduce cost, improve security, enhance productivity, affordable and others.
The service providers application segment held over 28% market share in 2020 due to increasing penetration of internet and smart phones and growing demand for wireless communication technology. The major carriers in the region are working with component providers to measure the effectiveness & limitation of the wireless technology. The telecommunications service providers are focusing on accelerating the 5G technology across the region. For instance, in May 2020, Telstra, launched commercial 5G services across 47 cities using its spectrum in the 3.6 GHz band.
Japan VPN market is poised to reach USD 5 billion by 2026 due to increasing frequency of cyberattacks. Leading agencies in Japan came in front to support the government of Japan to investigate cybercrimes. For instance, in March 2020, the Japan International Cooperation Agency partnered with Trend Micro Incorporated to support the government’s cybersecurity initiative. Through this partnership, Trend Micro Inc. is assisting the government to enhance officials’ cybercrime investigation and incident response capabilities around targeted attacks.
The virtual private network in APAC market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Component
Asia Pacific Market, By Type
- Cloud VPN
- Mobile VPN
Asia Pacific Market, By Connectivity
- Remote Access
Asia Pacific Market, By Application
- Smart Phones
- Laptops and PCs
- Service Providers
The above information has been provided for the following countries:
- Asia Pacific
- South Korea