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MANAGED VPN MARKET REPORT OVERVIEW

The global managed vpn market size is predicted to reach USD 82.68 billion by 2033 from USD 24.51 billion in 2024, registering a CAGR of 14.5% during the forecast period.

A VPN is a means of providing secure communication between group members using a public telecommunications infrastructure while protecting privacy through tunneling protocol and security measures. VPNs hide users' IP addresses, making it nearly impossible to track their online activity. To increase privacy, VPN products and services create secure encrypted connections. Managed VPN services allow users to manage and monitor their organization's network and provide a comprehensive view of the network. Service providers help businesses manage network endpoints and notify users whenever a threat is detected. In addition, enterprises have access to a portal that captures all network activities, such as performance reporting, network health monitoring, service management and SLA management, making network management easier. In addition, managed services help organizations to use all resources optimally, which increase the efficiency of the organization.

The increase is expected due to growing concerns about the security of data transmitted over public Internet connections. A VPN provides an encrypted connection that allows consumers to connect to the Internet through public connections. Many organizations use these secure connections to ensure that only selected users can remotely access their networks. However, the pandemic changed this dynamic and created a huge demand among end users using VPN services. Industry experts expect the increase in demand to bring challenges for both VPN providers and businesses.

COVID-19 IMPACT

"COVID-19 Pandemic Leading Increased And Virtual Services And Telecommuting Increased Market Growth"

The COVID-19 pandemic has been unprecedented and staggering, with the managed VPN market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The global VPN market share has been positively impacted by the COVID-19 pandemic as the Telecommuting increased and virtual services due to locks. The use of digital solutions has increased significantly during the COVID-19 pandemic. The pandemic forced people to stay at home and promoted the trend of telecommuting, which increased the adoption of VPN solutions in business organizations worldwide. The COVID-19 pandemic has significantly affected the VPN market. As more and more people started working from home and using the Internet for remote communication and collaboration, the demand for VPNs increased significantly. This is because VPNs provide a secure and private internet connection, allowing users to remotely access sensitive information without fear of eavesdropping or being compromised. In addition, VPNs can also be used to bypass geo-restrictions and access content that may be blocked in a certain location.

LATEST TRENDS

"Demand For Managed Web Services Is Growing Among Small And Medium-Sized Businesses "

Managed web services offer good opportunities for SMEs to grow and realize business goals. SMB IT spending is predicted to grow significantly, indicating that SMBs are constantly being pressure to expand by introducing innovative and advanced IT services. Europe, Middle East and Africa SMB IT Spending CAGR in 2018 According to European Survey and 2023 is for the whole market; IT spending in the EMEA region in 2019. Growth in IT spending by SMEs is fueling MSPs, as SMEs are adopting the cloud, automating services and exploring advanced digital technologies. These technologies provided managed network services for smaller businesses cost effectively and efficiently. Managed Network Service Providers offer solutions that help SMBs manage total costs, reduce capital investment and OPEX, support newer on-demand applications, effectively connect with customers and partners, and support their business. Managed Network Service Providers offer cost-effective and reliable services that keep the network up and driving managed VPN market growth which in turn has helped SMEs expand and focus more on their core business.

MANAGED VPN MARKET SEGMENTATION

By Type

According to type, the market can be segmented into Remote Access VPN, Site-to-site VPN. Remote Access VPN is anticipated to be the leading segment.

By Application

Based on application, the market can be divided into BFSI, Healthcare, IT and Media, Transportation, Manufacturing, Energy, Other. BFSI will be the dominating segment.

DRIVING FACTORS

"Increase In The Number Of Cyber-Attacks to Boost The Market Growth"

The demand for virtual private networks is expected to be driven by a significant increase in the number of cyber-attacks and an increase in the demand for cloud-based security solutions during the forecast period. Companies of all sizes, across industries and sectors, are aggressively seeking effective data management tools and secure connections between different business units. Businesses also need uninterrupted connectivity to maintain collaboration with partners and customers around the world. Nowadays, VPNs can provide businesses with excellent quality of service in terms of keeping the most important traffic and preventing packet loss. Especially in IT and telecommunications companies, it becomes necessary to minimize costs and improve the quality of business operations to survive in a competitive business environment. Thus, the demand for VPN solutions from established players in the IT and telecom industry is expected to increase during the forecast period.

"Growing Trend Of Digital Transformation Worldwide To Boost The Market Growth"

Digital transformation increases the demand for greater flexibility in networks that support better customer experiences for businesses. Several companies around the world plan to adopt new digital technologies as a digital transformation trend. As companies evolve in their digital world efforts, every organization has benefited from the digital transformation journey of the managed web service provider. By partnering with a specific managed web service provider that understands the needs and capabilities of the business, businesses can close capabilities and create new ones to the market with innovative solutions. Managed network service providers have the capabilities needed to support various aspects of digital transformation. This is why many businesses choose managed web service providers. It is expected that the growing trend of digital transformation to strengthen the global MNS market. Advances in cloud technology, increased penetration of mobile devices, people's willingness to adopt new technologies and initiatives by multinational companies are the most important digital drivers worldwide.

RESTRAINING FACTORS

"Strict Government Regulations On The Use Of VPN Networks Limit The Growth Potential Of The Market "

Governments around the world have imposed strict restrictions and regulations on the use of VPN networks to prevent criminal use and increase visibility of online activity. VPNs can also be used by cybercriminals to hide their illegal activities. They benefit from being able to maintain their anonymity and hide their identity. Any advanced technology can be used for positive and negative purposes. New regulations require all VPN service providers to retain customer data for at least five years. For example, India has passed a law that requires all VPN providers to keep user data for at least five years. While India's Computer Emergency Response Team issued a cyber-security directive in April 2022 that requires VPN providers, data centers and cloud service providers to store customer data such as names, email addresses, phone numbers and Internet Protocol addresses for five years. The Indian jurisdiction has started to focus on strict VPN regulations. National laws require the collection of specific important customer data even when users delete their accounts or cancel subscriptions. This applies not only to VPN providers, but also to cloud service providers, data centers and crypto exchanges.

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MANAGED VPN MARKET REGIONAL INSIGHTS

"North America To Dominate The Market During Forecast Period Due To Increasing Partnerships"

In 2021, the cloud-based VPN market in North America generated the highest revenue in the global market, driven by partnerships between large companies and government agencies on data protection and privacy issues. Additionally, the growth of the market is attributed to the presence of major market players in the region. For example, Google, a subsidiary of Alphabet Inc., has announced plans to launch a VPN service for users bundled with certain Google One subscription levels. Additionally, Google announced that the VPN service will launch in the US in 2020 for Android users through the Google One program. It is scheduled to be rolled out to other countries and iOS, Windows and Mac operating systems in the coming months. Due to strong demand developments in the telecommunications and BFSI sectors and other US industries and sectors, North America accounted for the largest managed VPN market share of revenue in 2022.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Managed Vpn Companies

• Orange Business Services (France)
• AT&T (U.S.)
• Verizon Communication (U.S.)
• Cisco Systems (U.S.)
• BT Group PLC (U.K.)
• Vodafone Group (U.K.)
• NTT Corporation (Japan)
• CenturyLink (U.S.)
• Telefonica (Spain)
• Tata Communications (India)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.