PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1120730
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1120730
Secure Socket Layer (SSL) Virtual Private Network (VPN) Market size was valued at USD 4,880.1 million in 2021, growing at a CAGR of 12.9% from 2022 to 2028.
In a typical web browser, Safeguard Socket Layer, or SSL, is a cryptogenic protocol used to secure data access and online communication. Organizations often worry about the significant possibility of data theft or privacy breaches. Data is sent through an SSL tunnel to a secure network with higher security, which can help prevent data breaches. Because of this, there is a demand for SSL VPN, which is anticipated to contribute to the growth of the worldwide SSL VPN market.
In the modern world, there is a rising need for adaptable and affordable security solutions, especially in the IT software sector. The popularity of SSL VPN across a diverse range of end-use verticals is further driven by the improved performance of products as well as their simplicity of use. The SSL protocol's susceptibility to outside attacks and a lack of host security software installations on endpoint devices, however, restrain the growth of the SSL VPN industry. On the other hand, it is predicted that the market would rise quickly because to the quick development of connected technologies and the end-user integration of cloud-based SSL solutions to enhance overall performance. Additionally, it is projected that the rise of cloud-based operations across numerous industries would present a possible opportunity for the SSL VPN to expand. Growing need for secure remote access from business owners, employees, and consumers will contribute to the worldwide SSL VPN market's overall growth. In addition, the growing BYOD (bring your own device) trend and increase in online crimes fuel the demand for SSL VPN over the projection period. Additionally, the rising need for security portals and growing awareness of data security will assist this industry see profitable growth prospects in the years to come. Future growth of the global SSL VPN market will also benefit from the increasing use of cloud-based security. Due to its accessibility and enhanced performance, cloud-based SSL VPN solutions and services are increasingly being adopted by end users as their demand for affordable, practical, and flexible security solutions grows. These elements are thus providing an opportunity for the expansion of the SSL VPN industry.
The Global Secure Socket Layer (SSL) Virtual Private Network (VPN) Market is segmented on the basis of component, mode of remote access, enterprise size and Region.
The market is divided into three categories based on mode of remote access type: tunnel, thin-client, and clientless modes. The tunnel segment dominates the market with 49% market share. The Internet traffic for users connecting in full tunnel mode will be subject to security screening, and it will be checked to see if antivirus software is installed on the distant users' devices. Additionally, users like full tunnel mode because it has the "Split Tunnel" feature for VPN connections.
Due to the continued development in demand for the worldwide market for Secure Socket Layer (SSL) Virtual Private Network (VPN), the global companies are adopting various organic and inorganic growth strategies. Some of the primary strategies adopted by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions.
For instance, In April 2022, Sophos, launched a new version of Sophos Firewall with Xstream software-defined wide area network (SD-WAN) capabilities and VPN enhancements that significantly improve flexibility and network performance.
The scope of this report covers the market by its major segments, which include as follows: