Global SSL VPN Market Report 2023: Sector is Expected to Reach $12.6 Billion by 2030 at a CAGR of 10.9% – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global SSL VPN Market 2023-2030” report has been added to ResearchAndMarkets.com’s offering.
The SSL VPN Market size was valued at USD 4.48 billion in 2021 and is poised to grow from USD 4.97 billion in 2022 to USD 12.6 billion by 2030, growing at a CAGR of 10.9% in the forecast period (2023-2030).
The global SSL VPN market has experienced significant growth due to rising demand for secure remote access to corporate networks. SSL VPN technology enables encrypted connections, enhancing data privacy and security. Factors such as increasing cyber threats, the need for flexible work environments, and the adoption of cloud services contribute to market expansion. The market is expected to continue growing as organizations prioritize secure remote access solutions.
Segments covered in this report
The global SSL VPN market is segmented based on component, mode of remote access, enterprise size, and region. Based on the component, the market is segmented into software and service.
Based on the mode of remote access, the market is segmented into tunnel, thin-client, clientless. Based on the enterprise size, the market is segmented into large enterprise, small and medium-sized enterprise. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
The global SSL VPN market is poised for significant growth due to the rising demand for secure remote access across industries, employers, employees, and customers.
Factors such as the increasing adoption of BYOD (bring your own device) and the escalating number of cybercrimes on the internet further underscore the need for SSL VPN during the projected period. Moreover, the industry is expected to benefit from the increasing awareness of data security and the growing requirement for security portals, which present promising growth opportunities in the coming years.
Additionally, the expanding utilization of cloud-based security will play a crucial role in driving the future expansion of the worldwide SSL VPN market.
Restrain
The global SSL VPN market is poised for significant growth due to the rising demand for secure remote access across industries, employers, employees, and customers.
Factors such as the increasing adoption of BYOD (bring your own device) and the escalating number of cybercrimes on the internet further underscore the need for SSL VPN during the projected period. Moreover, the industry is expected to benefit from the increasing awareness of data security and the growing requirement for security portals, which present promising growth opportunities in the coming years.
Additionally, the expanding utilization of cloud-based security will play a crucial role in driving the future expansion of the worldwide SSL VPN market.
Trends
The increasing adoption of SSL VPN in the healthcare industry is expected to drive market expansion in the near future. The healthcare sector serves as a crucial user of VPN networks, as professionals including physicians, field workers, and medical staff necessitate secure access to sensitive medical records, histories, and other healthcare applications through wireless networks.
Similarly, the banking, financial services, and insurance (BFSI) sector allocates a substantial portion of its revenue towards mobile security solutions. Banks also prioritize the authentication of client records and the protection of payment gateways through mobile security products and services.
Companies Mentioned:
- Pulse Secure LLC
- H3C Technologies Co. Limited
- Citrix Systems Inc.
- Check Point Software Technologies Ltd.
- Array Networks Inc.
- Oracle Corporation
- F5 Networks Inc.
- Cisco Systems Inc.
- Barracuda Networks Inc.
For more information about this report visit https://www.researchandmarkets.com/r/xa7y79
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