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A VPN, short for virtual private network, is a piece of software that hides your true IP address while encrypting your data in transit. VPNs are useful for a variety of activities since they improve data security, privacy, and streaming freedom.
Working from home has grown widely throughout the world, and Internet restrictions, spying, and cybercrime are all on the rise. It's no surprise that many internet users have chosen one of the top VPN services to safeguard their online privacy in recent years.
According to a new Future Market Insight (FMI) analysis of the VPN Software Market, over one-third of all global internet users use a VPN of some sort, and the market is expected to reach $1.7 billion in 2022. And this upward trend isn't set to stop anytime soon - rather the contrary.
According to Future Market Insights, demand for VPN services is expected to grow at a pace of % every year. This suggests that by 2032, the market will have a market cap of $6.1 billion. In just over a decade, this is an almost 259% increase.
With 49% of all VPN users claiming to use VPNs to access geo-restricted content, Canada and Mexico are at the top of the list. With 37%, Brazil is in third place, followed by the United Kingdom, Ireland, and India, are a few of the key regions with the most VPN streamers.
Furthermore, VPNs will account for around 12% of total sales in the worldwide network security business. The software's appeal is attributed to its simplicity and adaptability, according to experts.
FMI Chief Operating Officer Sudip Saha stated TechRadar, "Internet consumers are anxious to find efficient solutions to avert privacy intrusions." "Given that the majority aren't computer savvy, VPNs tend to stand out as the best solution for such an issue."
Cloud-based VPN services have already experienced a surge in adoption among enterprises. Businesses that require secure remote access, such as professional SEO firms, marketers, travel agencies, financial institutions, and others, can benefit from these.
Cloud VPNs have only been utilized as a substitute for existing corporate services so far. However, experts recognize the merits of this technology will soon make it the top choice for common internet users in the next years.
VPNs are not going anywhere anytime soon. As online learning and digital entertainment become more common, so does the need for privacy and security.
An interesting development in the VPN industry is the emergence of new, innovative technologies. One such technology is Wireguard, which is a lightweight protocol that promises to be faster and more efficient than traditional VPN protocols.
A new and exciting technology is split tunneling, which allows users to route only specific traffic through a VPN, while other traffic remains unencrypted. This can be useful for users who need to access certain sites from specific locations or for those who want to protect their privacy while maintaining faster internet speeds.
In addition to these new and innovative technologies, VPNs are also getting easier to use. Gone are the days when setting up and using a VPN required technical know-how or complicated configurations. Today, many VPNs have user-friendly interfaces and offer simple, one-click setup options. This makes it easier for everyone, including those with minimal technical knowledge, to enjoy the benefits of a VPN.
A survey conducted by Surfshark revealed that the use of VPNs for business purposes is rapidly growing. 3 out of 10 people surveyed admitted to using a VPN for business purposes, making it a promising market opportunity for VPN providers. This finding highlights the fact that VPNs are becoming an essential tool for small and medium-sized enterprises as well as large corporations.
An emerging trend in the VPN industry is the rise of VPN companies focused on sustainability and eco-friendly practices. The VPN industry has a direct impact on the environment through its data center operations and energy consumption. There are numerous VPN companies that are already taking steps to reduce their carbon footprint, such as powering their data centers with renewable energy sources, using sustainable server components, and implementing energy-efficient cooling technologies.
A VPN company that's committed to sustainability is NordVPN. They have created a carbon offset program that allows their customers to offset the carbon impact of their internet usage. They also prioritize using sustainable energy sources and are working to reduce the energy consumption of their data centers.
To know the factors why has the VPN market been expanding at a breakneck pace?