The global Virtual Private Network (VPN) Software Market size is expected to reach USD 111.05 Billion in 2028 and register a CAGR of 17.6% over the forecast period, according to the latest report by Reports and Data. Key factors such as increasing adoption of work from home trend, rapid advancements in network infrastructure, and rising demand for cloud-based VPN in the IT sector are driving market revenue growth. Extranet Virtual Private Network is a secured communication network between a user and a computer or connected device. This encrypted connection is typically known as a VPN tunnel.

The increasing adoption of the work from home trend and rapid advancements in network infrastructure are some of the key drivers of the VPN market. The rising demand for cloud-based VPNs in the IT sector is also contributing to the growth of the market.

The IT & telecommunication sector is a major user of VPNs, and the ongoing developments in this industry are driving the revenue growth of this segment. North America is the largest market for VPNs, and the United States and Canada are major revenue contributors. The increasing application of VPNs in IT, BFSI, and healthcare sectors, along with the rising incidence of cyberattacks and adoption of cloud infrastructure, are some of the key factors driving the revenue growth of the market in this region.

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The increasing number of Internet users and the growing trend of digitalization have contributed to a rising risk of cyberattacks. As more people connect to the internet and conduct various online activities, the potential for hackers and cybercriminals to exploit vulnerabilities increases. In response to this, the adoption of Virtual Private Networks (VPNs) has become prevalent.

A VPN is a technology that provides a secure and encrypted connection between a user's device and the internet. It ensures that the user's online activities are protected from eavesdropping, surveillance, and unauthorized access. By routing internet traffic through encrypted tunnels, VPNs enhance privacy and security, making it difficult for hackers to intercept sensitive information.

The popularity of remote work culture has further fueled the adoption of VPNs. With more employees working from home or on the go, the need for secure connections to company networks and cloud Software has increased. VPNs enable remote workers to access corporate resources securely, protecting confidential data and preventing unauthorized access.

Growing awareness about the benefits offered by VPNs has also contributed to their increased adoption. People are becoming more conscious of their online privacy and the risks associated with using unsecured public Wi-Fi networks. VPNs offer a solution by encrypting data transmitted over these networks, shielding users from potential threats.

Furthermore, there has been a significant increase in investment by private investors in research related to networking and information technology. This has led to advancements in VPN technology, making it more accessible, user-friendly, and efficient. As a result, the market for VPN Software is expected to continue its revenue growth.

In conclusion, the rising risk of cyberattacks, the increasing popularity of remote work culture, growing awareness about VPN benefits, and investment in networking and information technology research are key factors driving the adoption of VPNs. As the digital landscape continues to evolve, the demand for secure and private internet connections provided by VPNs is expected to remain strong.

Some Key Highlights From the Report:

• In July 2020, Mozilla launched its paid VPN service for Android and Windows devices. This VPN offers ‘no-logging’ policy that allows users to keep their system information such as IP address, browsing activity, session duration, timestamp, DNS request, or similar data points private.
• Hardware segment accounted for largest revenue share in the global market in 2020. Increasing demand for VPN routers due to rising adoption of VPN is a key factor driving growth of this segment.

some leading companies operating in the global Keyword market:

JUNIPER NETWORKS, BlackBerry Limited, Cisco Systems, Inc., Citrix Systems, Inc., Radio IP Software Inc, Google LLC, IBM Corporation, NetMotion Software, Opera Norway AS, and WatchGuard Technologies, Inc

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The global market is further segmented into type and application:

Component Outlook (Revenue, USD Billion; 2018-2028)

• Hardware
• Software
• Software

Organization Size Outlook (Revenue, USD Billion; 2018-2028)

• Small & Medium Enterprises (SMEs)
• Large Enterprises

Type Outlook (Revenue, USD Billion; 2018-2028)

• Site-To-Site
• Remote Access
• Extranet

End-Use Outlook (Revenue, USD Billion; 2018-2028)

• IT & Telecommunication
• BFSI
• Manufacturing
• Government
• Healthcare
• Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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