"According to a new by Maximize Market Research, the global VPN market was valued at $48.7 billion in 2023, and this is expected to grow at a compound annual growth rate (CAGR) of 17.4% until 2030. By the end of 2030, the market is projected to reach $149.72 billion, and the US is expected to take the lion's share of the market, dominating it with a 41% share by 2030 -- although the Asia-Pacific region will grow the fastest."
"Remote and hybrid working practices are the first reason for increased VPN adoption. While many organizations have mandated a return to the office following the pandemic, many others have accepted that the workforce now wants the flexibility to work from home -- and this presents a number of challenges. A VPN is often integrated into corporate networks to enable secure, encrypted remote connections to sensitive company resources."
The global VPN market was valued at $48.7 billion in 2023 and is projected to reach $149.72 billion by 2030, representing a 17.4% CAGR. The United States is expected to hold roughly 41% of the market by 2030 while the Asia-Pacific region will register the fastest growth. Key adoption drivers include remote and hybrid work practices, wider deployment of cloud-based VPNs, and heightened concerns around data security, censorship, and surveillance. VPNs provide encrypted remote connections to sensitive corporate resources and give organizations increased control over remote access, despite not being foolproof.
Read at ZDNET
Unable to calculate read time
Collection
[
|
...
]