Market Insights
An increasing focus on cyber security has led businesses as well as government organizations to consider establishing a secure virtual private network (VPN) over the open or public internet. VPN helps secure business and organizational data such as customer information, product catalogs, employee databases, company financials, and others from unauthorized or unknown access. A VPN router is designed specifically to enable network communication within a given VPN environment to ensure high security and privacy. Also, it means that for any type of device accessing the internet, the traffic passes through an encrypted channel.
VPN routers offer secure access to remote employees or field associates where it is essential to safely connect to open and unstructured public networks. It provides a strong shield of protection against hacking by blocking third-party access from extracting data such as location, personal information, and others by making it scrambled and unreadable. In a multi-branch situation, a VPN router is useful for linking secure connections across multiple offices or remote data centers. This ensures seamless business processes with minimal threat of data theft or loss.
Cybersecurity has emerged as a key abstraction across several organizations and businesses, making VPN routers a prominent component of network security. Cyber-attacks cost organizations approximately $400 billion per year, according to Lloyds Bank Plc., a U.K.-based company. This cost combines direct impact and post-attack slowed organizational progress. Some vendors and media outlets, on the other hand, estimate the figure to be greater than $500 billion. With increasing instances of data theft and hacking, VPN is set to witness high growth over the forecast period, thereby paving the way for the VPN router market.
North America leads the global VPN router market, led primarily by the United States. The market’s growth is largely governed by the high threat of data theft and loss coupled with substantial expenditure on cyber security systems. Europe is the second largest market for VPN routers, while Asia Pacific is projected to emerge as the fastest-growing market. The market is expected to be heavily supported by Japan, China, South Korea, and India, all of which have huge industrial and IT sectors.
Cisco Systems, Inc., D-Link Systems, Inc., and TP-Link Technologies Co., Ltd. are among the leading players operating in the VPN router market. The market comprises a large number of regional as well as international VPN router manufacturers. This indicates there is a lot of potential and competition in the market for VPN routers.
The market for virtual private network routers is classified as follows:
Product Type:
- Wireless VPN routers
- Wired VPN Routers
Application:
Geography:
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Key players identified in the virtual private network routers market include, but are not limited to:
TP-Link Technologies Co., Ltd., D-Link Systems, Inc., Cisco Systems, Inc., Shenzhen Tenda Technology Co., Ltd., Belkin International, Inc., Netgear, Inc., Edimax Technology Co., Ltd., AsusTek Computer, Inc., Huawei Technologies Co., Ltd., Ubiquiti Networks, Inc., Zyxel Communications Corp., Buffalo Americas, Inc., and others
