Increasing focus on cyber security has led business as well as government organizations to consider establishing a secure virtual private network (VPN) over open or public internet. VPN helps securing business/organizational data such as customer information, product catalog, employee database, company financials and others from unauthorized or unknown access. VPN router is designed specifically to enable network communication within a given VPN environment to ensure high security and privacy. Also, it means that for any type of device accessing the internet, the traffic passes through an encrypted channel.
VPN router offers secure access to remote employees or field associates where it is essential to safely connect to open and unstructured public networks. It provides strong shield of protection against hacking by blocking third-party access from extracting data such as location, personal information and others by making it scrambled and unreadable. In multi-branch situation, VPN router is useful for linking secure connections across multiple offices or remote data centers. This ensures seamless business processes with minimal threat of data theft/loss.
Cyber security has emerged as a key abstraction across several organizations and business enterprises, making VPN routers a prominent component for network security. In 2017, Lloyds Bank Plc., a U.K. based company, determined that cyber-attacks cost organizations about US$ 400 Bn per year. This cost combines direct effect and post-attack retardation to the course of organizations. On the other hand, some vendors and media agencies estimate the figure to be more than US$ 500 Bn. With increasing instances of data theft and hacking, VPN is set to witness high growth over the forecast period, thereby paving way for VPN routers market.
Primarily backed by the U.S., North America leads the overall VPN routers market worldwide. The market growth is majorly governed by high threat of data theft/loss coupled with substantial expenditure over cyber security systems. Europe is the second largest market for VPN routers; while Asia Pacific is projected to emerge as the fastest growing market. The market is expected to be majorly supported by Japan, China, South Korea and India having huge industrial and IT sectors.
Cisco Systems, Inc., D-Link Systems, Inc. and TP Link Technologies Co., Ltd. are among the leading players operating in the VPN routers market. The market comprises large number of regional as well as international VPN router manufacturers. This indicates there is numerous potential and competition in VPN routers market.
Virtual Private Network Routers Market is segmented on the following bases:
Key Players Identified in Virtual Private Network Routers Market include but are not limited to:
TP-Link Technologies Co., Ltd., D-Link Systems, Inc., Cisco Systems, Inc., Shenzhen Tenda Technology Co., Ltd., Belkin International, Inc., Netgear, Inc., Edimax Technology Co., Ltd., AsusTek Computer, Inc., Huawei Technologies Co., Ltd., Ubiquiti Networks, Inc., Zyxel Communications Corp., Buffalo Americas, Inc. and others.