Frequently Asked Question:
The global virtual private network (VPN) routers market was valued at USD 42.1 Billion in 2022.
The virtual private network (VPN) routers market is expected to grow at a CAGR of 22.10% between 2023 and 2030, reaching USD 170.33 Billion in 2030.
Wired VPN routers account for around 65% of the VPN router industry.
The commercial segment category is expected to increase at a CAGR of 42% and account for the majority of market share in 2022.
The Wireless VPN segment is expected to post the highest CAGR during the forecast period.
North America will hold the largest share of the market while increasing at a CAGR of 40% in 2022.
The top players include TP-Link, D-Link Systems, Cisco Systems. Other major players include Ubiquiti Networks, Zyxel Communications, Buffalo Americas.
Increased use of mobile and wireless devices, increased need for secure and private internet connections, and increased acceptance of cloud-based services are the major market drivers.
Inadequate knowledge of virtualization and cyber threats are becoming increasingly sophisticated are the major market restraints.
The expanding demand for remote work and access solutions, as well as the growing requirement for remote accessibility are the major opportunities in the virtual private network (VPN) routers industry.