USD 38.8 billion
Report ID:
SQSG45E2009 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|Tables:
64
|Figures:
75
Site-to-Site VPN Market size was valued at USD 38.8 billion in 2019 and is poised to grow from USD 44.6 billion in 2023 to USD 137.7 billion by 2031, growing at a CAGR of 15.1% in the forecast period (2024-2031).
A virtual private network (VPN) that connects two or more networks, such as a corporate network and a branch office network is known as a site-to-site VPN. As an alternative to deploying private MPLS circuits, several firms utilize site-to-site VPNs to use an internet connection for private traffic.
The main factor that is driving the site-to-site VPN market growth is the need for increased security. With so many companies working remotely, there is a greater need to protect data from being accessed by unauthorized people. Site-to-site VPNs provide an extra layer of security by encrypting data that is sent between two locations. This makes it much more difficult for someone to intercept and read the data. Another factor that is contributing to the demand for site-to-site VPNs is the increasing use of cloud services. When data is stored in the cloud, it is accessible from anywhere in the world. This makes it even more important to have a secure connection when accessing sensitive data.
US Site-to-Site VPN Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 38.8 billion
Largest Segment
Extranet-based
Fastest Growth
Extranet-based
Growth Rate
15.1% CAGR
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By type, site-to-site VPN market is categorized into Intranet and Extranet. Based on application, the Site-to-Site VPN Market is segmented into individual use, commercial use, research institution, public service, and others. By region, the Site-to-Site VPN Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Site-to-site VPN Market Analysis by Type
Intranet site-to-site VPN is a secure and efficient way to connect corporate networks. It helps in reducing operational costs and provides better security. The main factors responsible for the growth of intranet site-to-site VPN market is the need for better security. Intranet site-to-site VPN uses encryption to create a secure connection between two networks. This ensures that data is protected from being intercepted by unauthorized parties. Apart from this, the market is witnessing high demand for increased need to reduce operational costs. Intranet site-to-site VPN can help reduce the cost of maintaining separate network infrastructure for different locations. As per our market analysis, it has been observed that end-users have started opting for the solution to increasing working flexibility: Intranet site-to-site VPN allows organizations to easily connect their networks without the need for expensive hardware or software. All these factors add value to the market sales and market revenue.
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Europe and North America have the largest site-to-site VPN market. This is because these two regions have the highest number of businesses that need to connect to remote sites. Wherein, Site-to-site VPN allows businesses to securely connect to their remote sites. It also allows businesses to save on costs by using a single network for all their locations. In addition to this, most of the businesses appreciate the flexibility that remote working provides. With remote working, employees can work from anywhere in the world, as long as they have an internet connection. This means that they can work from home, from a coffee shop, or even from a different country. In both the regional site-to-site VPN market, the number of people working remotely has increased to a great in recent years. This is due to the advancement of technology, which has made it easier for people to work from home. In addition, more companies are now allowing employees to work from home, which has also contributed to the growth in the market sales of site-to-to VPN.
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Site-to-Site VPN Market Driver
Site-to-Site VPN Market Restraint
Maintaining Security
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Vendors are struggling to survive in the Site-to-Site VPN market. There are many reasons for this, but the main reason is that most customers are now using virtual private networks (VPNs) instead of site-to-site VPNs. Customers are generally cheaper and more flexible than vendors, and they don't need as many features as site-to-site VPNs do. Additionally, traditional VPNs are becoming more popular because they protect users' privacy.
Top Players in Site-to-Site VPN Market
Recent Developments in Site-to-Site VPN Market
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information extranet-based team that collects, collates, co-relates and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global site-to-site VPN market analysis, North America is projected to hold a considerable market share during the market forecast period with rising corporate attention and the presence of key suppliers serving in the region.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 38.8 billion |
Market size value in 2031 | USD 137.7 billion |
Growth Rate | 15.1% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Site-to-Site VPN Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Site-to-Site VPN Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Site-to-Site VPN Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Site-to-Site VPN Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Site-to-Site VPN Market size was valued at USD 38.8 billion in 2019 and is poised to grow from USD 44.6 billion in 2023 to USD 137.7 billion by 2031, growing at a CAGR of 15.1% in the forecast period (2024-2031).
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Report ID: SQSG45E2009
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