Increasing VPN Market to Boost the Growth of Wireless Router for VPN Market
The wireless router for VPN market worldwide is expected to grow with a CAGR of 12.6% during the forecast period from 2019 to 2027. The VPN market worldwide has witnessed tremendous growth over the past few years, with a growth rate of more than 10% every year. Growing cyberattacks worldwide are driving the growth of the VPN market, which in turn is helping the wireless router for the VPN market to grow.
With rising internet penetration and for the protection of valuable data, organizations, as well as consumers, are using VPN security. On account of all these factors, we are expecting the wireless router for the VPN market to grow at a rapid pace during the forecast period.
Market Synopsis
Commercial Use Segment Continues to Grow Throughout the Forecast Period
The wireless router market for VPN applications was segmented into personal and commercial segments. In 2018, the commercial use segment was the largest, accounting for more than 60% of market revenue.
The high use of Virtual Private Networks (VPN) in the banking and financial services industry for security measures is growing at a rapid pace. Due to all these factors, we are expecting the commercial use segment to grow rapidly during the forecast period. On the other hand, the personal use segment is also growing due to the use of internet services through public networks.
North America to Continue Leading the Market
The wireless router market for VPNs is led by North America. In 2018, the regional market accounted for more than 30% of the total revenue generated worldwide. Early adoption of technology and rising cyber-attacks in North America are the major growth drivers for the wireless router for the VPN market. However, Asia Pacific is set to register the fastest growth in the market during the forecast period.
Rising digital mobility solutions and growing internet proliferation are the major market drivers for the region. Increasing digitization in the developing economies of Asia Pacific, such as India and China, is the other growth driver for the wireless router for the VPN market.
Some of the prominent players operating in the wireless router market for VPNs are TP-Link, D-Link Systems, Huawei Technologies, Shenzhen Tenda Technology, Belkin International, NETGEAR, Edimax Technology, AsusTek Computer, Ubiquiti Network, Zyxel Communications, Buffalo Americas, and DoEnter, among others.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027,considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The wireless router for VPN market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global wireless router market for VPNs based on product type, application, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the size of the market for wireless routers for VPN in 2018, and what is the forecast up to 2027?
Which is the largest regional market for wireless routers for VPN?
What are the major trends followed in overall wireless routers for VPN across different regions?
Who are the key wireless router companies for VPN companies leading the market?
What are the key strategies adopted by the leading wireless router VPN companies in the market?
Unique data points of this report
Statistics on the VPN market worldwide
Recent trends across different regions in terms of the adoption of wireless routers for VPN across various applications
Notable developments are going on in wireless routers for VPN.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Question:
The market for Wireless Router for VPN Market is expected to reach USD$ XX in 2027.
The Wireless Router for VPN Market is expected to see significant CAGR growth over the coming years, at 12.6%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
D-Link Systems, Huawei Technologies, Shenzhen Tenda Technology, Belkin International, NETGEAR, Edimax Technology, AsusTek Computer,. are some of the major players in the global market.
