Global Remote-Access VPN Market

Market Overview

The global Remote-Access VPN market is anticipated to grow at a significant rate during the forecast period on account of the increasing sales of information technology and telecommunications products. Rising sales of smartphones across the globe and increasing internet penetration create an opportunity for the major players operating in the Remote-Access VPN market. The increasing use of smartphones augments the demand for communication through messaging increases the adoption of information and communications products and services.
The rapid growth of IoT in current years, rising investments in the manufacturing industries, and the increasing advancement in the Remote-Access VPN IT market contribute to the development of the Remote-Access VPN market. The IoT expenditure in developing countries is expected to accelerate further as governments build an infrastructure that supports the Internet of Everything (IoE) technology. Governments in developed countries of Europe and North America are focusing on replacing old infrastructures in the wake of modernization, which is anticipated to drive the growth of the market.
Rising consumer spending on wireless communication infrastructures on account of their shift in preference towards cloud-based technology and mobile devices is one of the key factors driving the Remote-Access VPN market. The rising consumption of digital media platforms by customers worldwide has resulted in the sudden demand for higher bandwidths with high-speed connectivity. Rising government initiatives to avoid the congestion in internet traffic, to ensure the smooth functioning of the internet data and voice carriers further aid the growth of the market.
The global Remote-Access VPN market is bifurcated based on solutions into devices, software, IT services, data center systems, communication services, and other solutions. The growing trends for Software-as-a-Service (SaaS) and Telecommunication-as-a-Service (TaaS) applications drive IT and communication services segments' growth. The increasing need for outsourcing services is expected to impact the service segments across the globe positively.
Increasing demand for electronic components used in Internet-of-Things (IoT) devices drove trade value in international imports of Remote-Access VPN goods. According to UNCTAD, Remote-Access VPN goods trade grew slightly faster than merchandise trade and represented 13.4% of the total trade in 2017. Among all the Remote-Access VPN products, electronic components trade is anticipated to expand with an annual growth rate of 8%.
COVID-19 Impact Analysis
The COVID-19 pandemic has created an instant and long-term effect for people and industries across the world. The virus has rapidly spread to various countries globally, resulting in millions of reported cases per day. The virus has impacted people's health and has also negatively impacted various businesses and the economy, leading to revenue loss.
During the COVID-19, businesses providing training solutions & services and cognitive assessments are anticipated to witness a sudden decline in their growth for a short time. However, rising adoption of work from home initiatives, eLearning, and eHealth is projected to propel increased cognitive assessment and training solutions. Tracking cognitive abilities is becoming an essential activity, as several neurologic effects have been observed in people suffering from COVID-19.
The pandemic has posed business continuity challenges among various verticals. It has impacted supply chains such as import and export control as per regional government policy and future influence on the industries, which in turn is negatively impacting the Remote-Access VPN market growth.
Regional Overview
The global Remote-Access VPN market is segregated by regions into:
• North America: United States, and Canada
• Europe: Western Europe (United Kingdom, Germany, Italy, Spain, Benelux, Nordic, Rest of Western Europe), Eastern Europe (Russia, Poland, Hungary, Turkey, Rest of Eastern Europe)
• Asia Pacific: Japan, China, South Korea, India, South East Asia (Thailand, Malaysia, Indonesia, Vietnam, Rest of South East Asia)
• Latin America: Brazil, Mexico, Colombia, Peru, Chile, Rest Of Latin America)
• Middle East and Africa: Israel, GCC (Qatar, Kuwait, UAE, Saudi Arabia, Rest Of GCC), South Africa, Rest Of Middle East and Africa
Among the regions, North America holds a significant market share in 2019 on account of data center and collocation facilities and technologically advanced countries such as the US and Canada. Several other factors, such as the development of government initiatives, such as smart infrastructure, smart cities, and increasing integration of various technologies, such as AI and Machine Learning, for securing digital identities are expected to drive North American Remote-Access VPN market growth.
Asia Pacific is anticipated to grow at the highest CAGR rate during the forecast period attributed to the adoption of new technologies. Rising government initiatives towards tackling identity-related frauds, especially for strengthening eKYC to verify identities, such as compliance regulations initiated by countries, increasing demand for cloud-based identity verification, increasing identity-related cyber-attacks, are driving the market growth in the region.


Key Components of the Report
• COVID-19 Impact Analysis
o Market Growth Impact Analysis
o Pre-COVID Vs Post-COVID Analysis
o Insights into The Company’s Market Strategies Post Covid-19
o Impact on The Company’s Revenue Generation
o Evolution in The Demand
o Modification in the Distribution and Overall Supply Chain
o Price Trend Analysis
• Cross-Segmentation Analysis
• Year-On-Year Growth Analysis
• End-User Analysis
• Assessment on The Ecosystem Participants
• Technology Analysis
• Market Dynamics
• Opportunity Analysis of Other Geographies
• Demand & Supply and Forecasts Potential Opportunities
Competitive Landscape
The market participants are poised for providing innovative Remote-Access VPN products and servicesand are focusing on expanding their production capabilities to comply with increasing demand.
• Competitive Landscape
o Company Overview
o Market Share (%)
o Competitive Positioning
o Key Product Offerings
o Business Strategies
o Financial Performance
o Balance Sheet Analysis
o Business Strategy
o SWOT Analysis
o Recent Developments
o Geographic Presence
o Key Clienteles
• Some of the prominent and leading companies in the GlobalRemote-Access VPNmarket are:
o Company 1
o Company 2
o Company 3
o Company 4
o Company 5
o Company 6
o Other Market Players (10-15 Prominent Players)
The study provides a thorough and in-depth analysis of the different aspects of Remote-Access VPNmarket and comprises of assessment of market ecosystem, analysis on the volume sales and the value of the market, stakeholders’ insights, and assessment of different factors influence the growth trajectory of Remote-Access VPN market.