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Global Virtual Private Network Market it is anticipated to reach at market value of US$ 65 BN by 2027
Bizizz Market Research has recently published a research report, “Virtual Private Network Market By End User (Telecommunications, Government, Healthcare, Financial, Military, Utilities), Distribution Channel (Partners and Distributers, Value-Added Resellers (VARs), Direct Sales, Online), and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”.
As per the report, Global Virtual Private Network Market was valued at US$ XX BN in 2018 and it is anticipated to reach at market value of US$ 65 BN by 2027, witnessing a CAGR of 19.3 % during the forecast period. Key drivers of the market are the growing intimidations to cyber safety, swell in need for cloud-based safety services. However, premium pricing of virtual communication networks may hinder the growth of the market during the forecast period.
The growing intimidations to cyber safety, expanding requirement for remote access of data in industrial administrations, and growing administrative requirements for protected wireless access to significant use are the chief constituents propelling the extension of the market. The momentous upsurge in the number of cyber-assaults, and swell in need for cloud-based safety services is anticipated to encourage the virtual private network market in the course of the evaluation period.
The Virtual Private Network Market Is Anticipated To Register A CAGR Of Over 6.8% During The Forecast Period.
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By End User, Healthcare Based Virtual Private Network Market Segment Held A Prominent Share In Global Virtual Private Network Market In 2018.
The healthcare segment is anticipated to perceive the fastest growth in the mobile VPN market throughout the assessment interval. Surgeons, ground workforces, and the medical workforce are progressively implementing these services to obtain classified medical documents and other healthcare purposes by utilizing wireless networks.
North America Is Anticipated To Dominate The Global Virtual Private Network Market During The Forecast Period.
The North American region accounted the biggest stake in the global virtual private networks market in 2018, and it is further projected to provide the most eminent profits to the market for the period of the assessment. The growing implementation of smart phones, technical improvements, and the swelling number of cyber-assaults are some of the significant circumstances assisting the development of the market in the North American region.
Prominent players operating in the Global Virtual Private Network Market are: IBM Corporation, The GreenBow, Techstep Technology, Smith Micro Software Inc., Anthasoft S.A. De C.V., Columbitech, Netmotion Software Inc., and Check Point Software Technologies Limited., among others.
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