Frequently Asked Question:
The global wireless router for VPN market was valued at USD 2.1 Billion in 2022.
The wireless router for VPN market is expected to grow at a CAGR of 13.50% between 2023 and 2030, reaching USD 5.1 Billion in 2030.
The 30-50 terminals application category is the leading segment by type, holding over 35% share in terms of value in 2022.
The commercial use segment governs the demand for wireless router for VPN in the world, holding a massive share of over 63% in 2022.
The personal use segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the wireless router for VPN industry, with over one-third share in 2022.
The top players include TP-Link, D-Link Systems, Huawei Technologies, Shenzhen Tenda Technology, Belkin, NETGEAR, Edimax Technology, AsusTek Computer, Ubiquiti Networks, Zyxel Communications, Buffalo Americas and DoEnter Limited.
The rising demand for wireless routers for VPN applications across several industrial verticals is responsible for the expansion of this market. The market for wireless routers for VPNs is also anticipated to rise as more Bring Your Own Device (BYOD) and Internet of Things (IoT)-enabled devices are adopted.
The market’s expansion may be hampered by end users’ lack of technical skills. Additionally, due to the encryption and decryption procedures involved, using a VPN on a router can occasionally result in slower internet speeds, thereby limiting market expansion.
The industry is expanding as a result of the increased public awareness of the advantages of using wireless routers for VPN. Furthermore, the expansion of the market can be attributed to the early uptake of wireless routers for VPN applications by corporations and small and medium-sized organizations.