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European Virtual Private Network Market size to hit $20 Bn by 2027
Published Date: 2022-01-03
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European Virtual Private Network Market size is projected to reach USD 20 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is attributed to increasing adoption of cloud VPN across SMEs and growing BYOD trend across the region. The UK, Germany and France are dominating in the region owing to increasing technological development and growing adoption advanced VPN solutions in the region. SMEs are increasing adopting cloud VPN solution owing to it offer various advanced features such as enhance security practices, decrease bandwidth cost, quickly accessible, protect users on public WIFI, facilitate access through any device, allow remote access to business resources and others. During COVID-19 pandemic the adoption of VPN solution has rapidly increased. For instance, in March 2020, the VPN service provider NordVPN reported that the usage of its VPN services to have surged by 180% to 190% within the first week of the Corona emergency. As remote working is increased due to the Corona Virus outbreak, the demand for VPN services in the region is increasing.
The VPN services software segment held over 20% market share in 2020 due to growing demand for agility in BYOD policies and controlling security across network infrastructure. Business enterprises across the region are adoption VPN services for improving business productivity and for attaining stringent latency requirement of the organization. VPN services help the business enterprises in depth analysis of security practices across network infrastructure. Moreover, growing increasing use of mobile phones for business purposes is creating ample the Market growth opportunities.
The Internet Protocol VPN reported segment accounted around 20% market share in 2020 owing to growing use of smart devices and increasing need for secure remote access. The growing trend of remote access has increased the need for secure network connectivity across various business enterprises. There are several benefits of IP VPN such as secure remote access, hassle free login, improve security practices, control over online reputation, less downtime and others. Various companies are extensively working on developing advanced and innovative IP VPN solutions and services.
Browse detailed statistical insights from the report, “Europe Virtual Private Network (VPN) Market Forecast 2027 By Application (Consumer [Smartphones, Tablets, Laptops/PCs], Commercial [BFSI, Healthcare, IT, Government, Manufacturing], Service Providers), By Component (Hardware, Software, Services), By Type (IP, MPLS (Multiprotocol Label Switching), Cloud VPN, Mobile VPN), By Connectivity (Site-to-Site, Remote Access, Extranet), Research Report, Country Outlook (UK, Germany, France, Italy, Spain and Netherlands), 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 30% market share in 2020 on account of demand from enterprises to improve business productivity. The remote access VPN has been widely adopted across various organizations due to it offers several advanced features such as provides secure communications with access rights tailored for individual users, such as employees, contractors, or partners, enhances productivity by extending the corporate network and its applications and reduces communications costs and increases flexibility.
The service providers application segment reported market share of over 25% in 2020 attributed to increasing digitalization across telecom industry and growing demand for effective communication network technology. The companies operating in the market are to developing innovative VPN solutions for their customers. Moreover, the major players of VPN industry are combining their 4G and 3G networks to offer more secure and reliable network connection to the business enterprises.
Germany VPN industry is expected to reach USD 4 billion by 2027 credited to growing trend of remote access and growing use of internet. The country has a well-developed network infrastructure for information and communication technologies which creating ample the market revenue. Moreover, various companies are expanding their product offering in the country. For instance, in April 2021, ioXt Alliance expanded of its ioXt Compliance Program with a new mobile application profile with added requirements for virtual private network (VPN) applications. This expansion helped the alliance to bring a certification standard to the industry for IoT-connected mobile applications.
The European virtual private network 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:
Europe Market, By Component
Europe Market, By Type
- Cloud VPN
- Mobile VPN
Europe Market, By Connectivity
- Remote Access
Europe Market, By Application
- Smart Phones
- Laptops and PCs
- Service Providers
The above information has been provided for the following countries: