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Europe Virtual Private Network (VPN) Market Size, Growth Potential, Trends and COVID-19 Impact Analysis By 2026

Europe Virtual Private Network (VPN) Market Size, Growth Potential, Trends and COVID-19 Impact Analysis By 2026

The Europe virtual private network (VPN) market size is estimated to register a period of flourishing growth by 2026. Favorable government initiatives that promote the adoption of advanced security technologies, and increasing internet penetration across the region would play a major role in fueling Europe virtual private network (VPN) industry growth through the assessment period.

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The high internet penetration seen in the European market in the past few years has prompted government initiatives dedicated to strengthening the communication infrastructure in the region.

Recently, over the course of the ongoing COVID-19 pandemic, consumers have become more inclined to carry out operations online and work remotely. As per a report by the International Telecommunications Union (ITU), Europe had more than 568 million internet users in 2019. However, this number has gone up tremendously through 2020.

As a result of the proliferating internet usage, there has been vast increase in the risk of cyberattacks, which is expected to boost industry growth through the study timeframe. In fact, as per reports, the Europe virtual private network (VPN) market is projected to surpass a valuation of USD 15 billion.

Based on component, the market share from the service segment is expected to grow by 2026 owing to the rising demand for greater flexibility in BYOD policies and efficient security management across network infrastructure. Enterprises are also incorporating VPN services to fulfill strict latency requirements of business processes. VPN services can help enterprises conduct in-depth analyses of security measures along the network infrastructure.

In terms of type, the mobile VPN sub-segment is projected to see profitable growth by the end of 2026, growing at a notable CAGR through the forecast period. Europe has observed an upsurge in demand for mobile VPN solutions due to booming usage of mobile devices and cloud services, which is playing a major role in outlining the industry’s growth in the region.  On the basis of connectivity, the extranet sub-segment is estimated to grow at a steady pace by 2026 due to the increasing the need for more robust networks.

Extranet connectivity can help companies offer flexible access to enterprise data. Extranet connectivity eliminates the need for enterprises to leverage current networking resources and supplementary network infrastructure. Subsequently, surging importance of secure connectivity in business operations is facilitating enterprise-wide adoption of VPN services in the region, thereby driving segmental growth over the assessment period.

From the application perspective, the commercial sub-segment is speculated to expand lucratively through the forecast timeframe as companies are increasingly using VPN solutions to fortify the enterprise network.

Extensive digitization in the BFSI sector, coupled with widespread adoption of advanced technological solutions, is contributing to the mounting demand for VPN solutions. Financial institutions are employing VPN software to secure handheld devices used by banking personals and to establish secure connectivity between remote branches.

In the regional spectrum, France is projected to account for a considerable share in the Europe virtual private network (VPN) market by the end of 2026 as local government authorities are working to expand high-speed broadband network and taking efforts to counter cyberattacks.

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Leading players in the Europe virtual private network (VPN) market include Microsoft Corporation, AnchorFree GmbH, IBM Corporation, Cisco Systems, Inc., NetMotion Software, Citrix Systems, Inc, Google LLC., Golden Frog GmbH, and NordVPN.

In March 2020, NordVPN observed a surge in the adoption of its VPN services across the Netherlands. The company also reported a 240% growth in the use of its proprietary employee business VPN plan, driven by the COVID-19 outbreak as well as government initiatives to promote work from home among employees.

Table of Contents (ToC) of the report:

Chapter 1.  Methodology & Scope

1.1. Research methodology

1.2. List of data sources

1.2.1.        Secondary

1.2.2.        Primary

Chapter 2.  Market Snapshot

2.1. Europe virtual private network (VPN) market snapshot

Chapter 3.  Europe Virtual Private Network (VPN) Market Trends

3.1. Industry coverage

3.2. Industry size, 2015 – 2026

3.3. Impact of COVID-19 pandemic

3.4. Value chain analysis

3.4.1.        Company product snapshot

3.5. Innovation landscape

3.6. Regulatory norms & directives

3.7. Drivers & restraints

3.7.1.        Market drivers

3.7.2.        Market restraints

3.8. Industry analysis - Porter's

3.9. Competitive benchmarking, 2019

3.9.1.        Strategy dashboard

3.10.     PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1431/europe-virtual-private-network-vpn-market

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Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

 

 

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