According to the recent research report titled ‘Europe Virtual Private Network (VPN) Market Size By Component, Type, Connectivity, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020-2026’, available with Market Study Report, Europe virtual private network (VPN) market is projected to register a significant growth over 2020-2026, accumulating USD 15 billion by the end of the analysis period.
 

The report states that Europe virtual private network (VPN) market is primarily driven by increasing penetration of internet and growing government initiatives for the adoption of advanced security technologies.
 

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According to International Telecommunication Union (ITU) 2019 report, the region accounted for over 568 million internet users. However, in response to possible cyberthreats and vulnerabilities, the National Cyber Security Centre in the United Kingdom, in October 2019, advised individuals to limit their use of VPN applications, which will arrest the industry growth to some extent.
 

Based on component type, hardware segment of Europe virtual private network (VPN) market is expected to expand at a CAGR of 7% over the coming years. This can be ascribed to surging demand for highly stable, high-performance, and reliable Internet connectivity. Furthermore, VPN routers are used by organizations to protect the entire network infrastructure, hence adding to the segmental growth.
 

With respect to type, mobile segment is projected to record 12% CAGR through 2026, owing to its growing adoption as businesses widely leverage mobile devices and cloud services. The firms are using mobile VPN, which maintains a VPN server at the enterprise network's edge. This allows the organization to provide safe access to business services to authenticated users.
 

Elaborating on connectivity scope, site-to-site connectivity segment of Europe virtual private network industry is predicted to grow at 7% CAGR over the forecast period, creditable to soaring demand for safe connections between multiple locations which is fulfilled by the site-to-site VPN.
 

Moving on to application spectrum, Europe virtual private network (VPN) industry share from consumers segment is anticipated to grow substantially over 2020-2026, creditable to mounting demand for VPN solutions fueled by widespread digitization in the BFSI sector, and widespread adoption of advanced technology solutions.
 

Major organizations influencing Europe virtual private network (VPN) market dynamics are Opera Software, OpenVPN Inc., NordVPN, Juniper Networks Inc., IBM Corporation, Google LLC, ExpressVPN, CyberGhost, Citrix Systems Inc., Cisco Systems Inc., Checkpoint software technologies Ltd., Blackberry Limited, Avast Software S.R.O., and AirVPN.