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Managed VPN Market

Market Study on Managed VPN: Cloud Service Providers to Witness the Fastest Adoption in the Coming Years

Managed VPN Market by Type (Remote Access VPN and Site-to-Site VPN)

Managed VPN Market Outlook (2023 to 2033)

The growing demand for Managed VPN Market is valued at US$ 20,200.1 Million in 2022 and is anticipated to reach US$ 141,826.6 Million by the end of 2033.The market is expected to be US$ 23,815.9 Million in 2023 and will grow at a CAGR of 19.5% from 2023 to 2033.

A managed VPN (Virtual Private Network) is a type of VPN service that is provided and managed by a third-party service provider. It is a secure and private network that allows users to access the internet and other network resources securely by encrypting their internet traffic and masking their IP address.

It provides a range of benefits over traditional VPN services, including improved security, ease of use, and reduced maintenance and support costs. With a managed VPN, users don't need to worry about configuring and maintaining their VPN connection, as the service provider takes care of all aspects of the service, including server deployment, maintenance, and updates. This allows users to focus on their core business operations and tasks.

The enhanced security features such as intrusion detection and prevention, firewall protection, and threat management. These features help to prevent cyber-attacks, malware, and other threats from infiltrating the network and compromising sensitive data. Overall, a managed VPN service is an ideal solution for businesses and organizations that require a secure and reliable network connection for their operations

The market for managed VPN was expected to be dominated by the North America region with a market share of 22.7% and the Europe region with a market share of 17.6%.

Managed VPN Market Size (2022)

US$ 20,200.1 Million

Projected Market Value (2033)

US$ 141,826.6 Million

Global Market Growth Rate (2023 to 2033)

19.5%

Remote Access Market Share (2022)

51.1%

U.S. Market Share (2022)

14.1%

Enterprises Segment Growth Rate (2023 to 2033)

23.2%

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What are the Major Factor will create Growth of Managed VPN Market?

“Increasing Demand for Secure and Private Network Connectivity in Managed VPN”

As cyber threats continue to evolve, the demand for secure and private network connectivity is expected to increase. managed VPN services will continue to play a crucial role in meeting this demand by providing businesses and individuals with the tools they need to protect their online activities and data. As a result, businesses that offer managed VPN services are likely to experience significant growth as more and more individuals and organizations seek out secure and private network connectivity.

  • In March 2023, Sekur Ltd. had announced that it has successfully increased capacity to deliver high-speed facility for its smaller IT firms, Swiss-hosted private VPN solution, Sekur VPN. All servers are located in Switzerland and are ready to link to the Company's multiple data centers.
  • In November 2021, Express VPN has announces the new partnership with UA.SUPPORT (a global pro bono network that links qualified lawyers with migrants seeking legal assistance). This partnership will enable volunteer attorneys to better comprehend threats to their online privacy and provide them with access to a VPN so they can defend their online security and privacy for both themselves and their customers.
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What are the Trending Factors Influencing the Market Share of Managed VPN Market in United States?

“Increasing Demand for Secure Remote Access Will Influence the Market Share in United States”

The demand for secure remote access solutions such as managed VPN is increasing rapidly in the United States With the rise of remote work and the need for employees to access company resources from outside the office, businesses are increasingly turning to managed VPN as a solution to provide secure and encrypted remote access.

Managed VPN allows users to connect to a company's network securely over the internet, regardless of their physical location. This not only enables employees to work from home or on the go but also allows businesses to expand their reach and tap into global talent pools.

Due to these reasons, in 2022, the United States managed VPN market account for a dominant share of 14.1% in the global marketplace.

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How Is the Demand for Managed VPNs Increasing in China?

“Strict Internet Regulations and Controls in China Encouraging People to Seek VPN Services”

The Chinese government has strict internet regulations and controls, commonly known as the "Great Firewall of China," which restricts access to many websites and online services. This has created a need for individuals and businesses to use VPNs to bypass these restrictions and access the global internet.

The strict internet regulations and controls in China have created a growing demand for VPNs, as citizens seek to access a wider range of information and communicate more freely online.

The CAGR of China for managed VPNs markets is predicted to be around 19.8% for the forecast period 2023 to 2033.

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Why in Europe, Germany is Creating Opportunities for Managed VPN market?

“Strong Economy in Germany Along with Requirement of Reliable Network Connectivity Create Opportunity for Managed VPN”

The country has a large and diverse economy that is home to a wide range of businesses, from small start-ups to large multinational corporations. These businesses require secure and reliable network connectivity to operate efficiently and effectively, both within Germany and across borders.

In addition, Germany's position as a hub for international business and trade creates opportunities for managed VPN providers to offer their services to businesses operating across multiple countries. With a managed VPN, businesses can connect their various locations and securely share data and resources across borders, without the need for expensive and complex network infrastructure.

Due to this reason, the managed VPN market for the Germany in 2022 held a market share of 9.1% in the global managed VPN market.

Category-wise Insights

Why Remote Access VPN will Hold Largest Market Share in Managed VPN Market?

Combination of Increased Remote Work, Ease of Deployment and Management for Remote Access VPN

The remote access VPN enables users to securely access the company's network and resources from any location, which is especially important in today's world of remote work. With more companies allowing employees to work from home, remote access VPN provides a secure and reliable way for employees to access company data and resources from outside the office.

It is easy to deploy and manage compared to other types of VPNs. Unlike site-to-site VPNs, which require complex configuration and management, remote access VPNs typically involve installing a software client on the user's device, making it much simpler for IT teams to manage

In 2022 the, remote access VPN was estimate to take over the global market and account for 51.1% of the total market value share.

Why Adoption of Managed VPNs is more in Enterprises?

“Adoption of Secure, Cost-Effective, And Easy-To-Manage Solutions for Remote Access and Network Security for Managed VPNs”

Enterprises typically have a large number of employees and devices that need to connect to their network securely. Managed VPNs provide a cost-effective solution for managing and securing these connections, allowing employees to work remotely or access company resources from anywhere in the world.

It provide better security than traditional VPNs. With managed VPNs, enterprises can control access to their network, monitor traffic, and enforce security policies, reducing the risk of data breaches and cyber-attacks.

It is easy to manage and maintain than traditional VPNs. Enterprises can outsource the management of their VPN to a third-party provider, freeing up IT resources to focus on other critical tasks. Managed VPNs also provide 24/7 support and maintenance, ensuring that any issues are addressed promptly.

The adoption of managed VPN in enterprises is expected to grow at a high CAGR for more than 23.2% over the forecast period.

Competitive Landscape

Major companies investing in R&D to launch a new renewed product for managed VPN market. Companies focusing on strategic partnership to collab and expand in the market.

  • In March 2023, DW and Proton has announced their VPN partnership, it will bring DW audience to Access and Securely Use DW content over the Internet and It will easily bypass the internet censorship around the world.
  • In August 2022, Cisco fixed critical security flaws in small business VPN routers that allowed remote, unauthenticated attackers to run arbitrary code or instructions and cause DoS conditions on susceptible hardware.

Recent developments related to key players providing the managed VPN market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Managed VPN Market Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Voltage Handling
  • Material
  • End Use Industry
  • Region

Key Companies Profiled

  • AT&T Inc
  • Cisco Systems, Inc.
  • BT Group PLC
  • CenturyLink, Inc.
  • Vodafone Group Plc
  • Verizon Communication Inc.
  • Orange Business Services SAS
  • Tata Communication Ltd.
  • NTT Corporation
  • Telefónica, S.A.

Pricing

Available upon Request

Key Segments of Managed VPN Market Research

By Type:

  • Remote Access VPN
  • Site-to-Site VPN

By End User:

  • Service Providers
  • Enterprises
    • BFSI
    • Healthcare
    • IT and ITES
    • Energy and Power
    • Media and Entertainment
    • Transportation and Logistics
    • Manufacturing
    • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

- Companies Covered in This Report -

  • AT&T
  • Cisco Systems
  • BT Group PLC
  • CenturyLink, Inc.
  • Vodafone Group Plc
  • Verizon Communication Inc.
  • Orange Business Services SAS
  • Tata Communication Ltd.
  • NTT Corporation
  • Telefonica, S.A.

- Frequently Asked Questions -

In 2022, demand for the managed VPN market amounted to US$ 20,200.1 Mn.

The global managed VPN market is estimated to grow at a CAGR of 19.5% over the forecast period.

The market for Managed VPN Market is forecasted to have a market value of US$ 141,826.6 Mn by 2033.

Demand for the managed VPN market in China is projected to rise at 19.8% CAGR over the forecast period.

In 2022, North America managed VPN market held a dominant market share of 22.7%.

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