The latest market report published by Credence Research, Inc. “Global Virtual Private Network (VPN) Routers Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global virtual private network (VPN) routers market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 22.10% between 2023 and 2030. The market was valued at USD 42.1 billion in 2022 and is expected to reach USD 170.3 billion in 2030.
Several factors are driving the growth of the global VPN routers market. The increased use of mobile and wireless devices, along with the need for secure and private internet connections, has contributed to the market’s expansion. Additionally, the growing acceptance of cloud-based services has fueled the demand for VPN routers. However, the market does face challenges, such as concerns about data privacy and security, as well as government bans on VPN usage in certain regions.
Despite these challenges, the global VPN routers market presents significant growth opportunities. The increasing demand for remote work and access solutions, coupled with the growing need for remote accessibility, is expected to drive market growth in the coming years.
Key players in the market include TP-Link, D-Link Systems, Cisco Systems, Huawei Technologies, Shenzhen Tenda Technology, Belkin International, Netgear, Edimax Technology, AsusTek Computer, Ubiquiti Networks, Zyxel Communications, Buffalo Americas, and others. These players are focused on product innovation, distribution channel expansion, and mergers and acquisitions to maintain their competitive edge.
The future outlook for the global VPN routers market is positive. The increasing number of mobile workers and the need for secure remote access to company networks and resources are expected to drive market growth. The rising demand for VPNs from small and medium-sized businesses (SMEs) and the growing popularity of Internet of Things (IoT) devices will also contribute to market expansion.
North America Virtual Private Network (VPN) Routers Market Drivers refer to the factors that are propelling the growth and adoption of VPN routers in this region. The North American market for VPN routers is witnessing a surge due to several key drivers. Firstly, increasing concerns regarding online privacy and security have pushed individuals and organizations towards utilizing VPN services, prompting a higher demand for routers capable of supporting such networks. Additionally, the rise in remote working practices has further accelerated the need for secure connections, as employes access sensitive company data from various locations. The COVID-19 pandemic has also played a significant role in driving the market forward, with businesses rapidly transitioning to remote setups during lockdowns.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Virtual Private Network (VPN) Routers Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the End-Use and Application
- Major nations in each region with their import/export statistics
- The global Virtual Private Network (VPN) Routers Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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