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2022
Ssl Vpn Market

SSL VPN Market

by Component (Software, Service), by Mode of Remote Access (Tunnel, Thin-client, Clientless), by Enterprise Size (Large Enterprise, Small and Medium-sized Enterprise): Global Opportunity Analysis and Industry Forecast, 2020-2030

✷  Report Code: A02440
Pages: 281
Apr 2022 | 16448 Views
Author(s) : Aarti G , Vineet K
Tables: 130
Charts: 56
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SSL VPN Market Research, 2030

The global ssl vpn market size was valued at $4.6 billion in 2020, and is projected to reach $12.6 billion by 2030, growing at a CAGR of 10.9% from 2021 to 2030.

The COVID-19 outbreak has a significant impact on the SSL VPN market, and has surged the demand for SSL VPN owing to rise in teleworking, work-from-home, and remote working. Moreover, as cybercrime was on the rise, the purpose-built platform was included with support for built-in one-time passwords, third-party multifactor authentication, and application-layer firewall protection. This, as a result promoted the demand for SSL VPN, thereby accelerating the revenue growth.

Secure socket layer (SSL) is a cryptogenic protocol for securing online interaction and data access in a standard web browser. Organizations' privacy and data security are vulnerable to external threats, raising serious concerns about user web security. SSL tunnels send data over a secure network, increasing data safety and security. Clientless, thin-client, and full network access or tunnel mode are the three ways to access it. Endpoint security compliance, cache cleaning, ease of use, and improved performance are just a few of the features of SSL VPN industry.

The growing demand for flexible and cost-effective security solutions in today's world fuels the demand for SSL VPN, particularly in the IT software industry. In addition, increased performance of products, as well as their ease of use, drive the adoption of SSL VPN across a wide range of end-use verticals. However, a lack of host security software installations on endpoint devices, as well as the vulnerability of the SSL protocol to external threats, limit the SSL VPN market's growth. On the contrary, rapid advancements in connected technologies and end-user integration of cloud-based SSL solutions to improve overall performance are anticipated to propel the growth of the market. Moreover, increase in cloud-based operations in various industries, such as banking, government, and others is anticipated to provide a potential growth opportunity for the SSL VPN industry.

The report focuses on growth prospects, restraints, and trends of the global SSL VPN market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global SSL VPN market outlook.

SSL VPN Market, SSL VPN Industry, SSL VPN Market Size, SSL VPN Market Share, SSL VPN Market Trends, SSL VPN Market Growth, SSL VPN Market Forecast, SSL VPN Market Analysis

The SSL VPN market is segmented on the basis of component, mode of remote access, enterprise size, and region. Depending on component, it is fragmented into software and services. By mode of remote access, the market is differentiated into tunnel, thin-client, and clientless modes. The enterprise size is segmented into large enterprise and small & medium enterprises. Region-wise, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA.

SSL VPN Market
By Mode Of Remote Access

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Tunnel segment acquired the major share of SSL VPN market. For users connecting via full tunnel mode, the traffic of the Internet will apply security scanning to it and will verify the availability if antivirus on remote users’ device. Further, availability of “Split Tunnel” feature for VPN connections makes full tunnel mode a preferred choice among end users.

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Tunnel segment  acquired the major share of SSL VPN market. For users connecting via full tunnel mode, the traffic of the Internet will apply security scanning to it and will verify the availability if antivirus on remote users’ device. Further, availability of “Split Tunnel” feature for VPN connections makes full tunnel mode a preferred choice among end users.

SSL VPN Market
By Region

2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific is expected to exhibit significant growth during the forecast period. Growing demand of enterprise mobility in expected to increase the SSL VPN demand. The number of employees embracing Bring Your Own Device (BYOD) trend has increased, as employee demand productivity access via smartphones. This has positive impact on the growth of SSL VPN in Asia-Pacific region.

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North America accounted for the major share of SSL VPN market. The region witnesses huge technological growth in the recent years, which requires strict regulatory compliance to protect the valuable information. This has led to increased adoption of SSL VPN products in the region to effectively monitor cybercrimes and external as well as internal threats.

The global secure sockets layer VPN market analysis includes top companies operating in the market, such as Cisco Systems, Inc., Citrix Systems, Inc., Pulse Secure, LLC (Ivanti), F5, Inc., Barracuda Networks, Inc. (Thoma Bravo), Unisplendour Corporation (H3C TECHNOLOGIES CO. LIMITED), Array Networks, Inc., Check Point Software Technologies Ltd., QNO Technology Inc., and NortonLifelock, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the global SSL VPN market. 

COVID-19 Impact Analysis

Work-from-home (WFH) and bring-your-own-device (BYOD) models have been implemented as a result of the sudden outbreak of coronavirus (COVID-19) pandemic and the subsequent implementation of lockdowns. As a result of this shift in corporate culture, data has become more vulnerable, facilitating the widespread adoption of SSL VPN by a number of large and small businesses (SMEs). Moreover, organizations' shift to cloud-based services accelerated the growing digitization trend during the pandemic. The growing reliance of businesses on cloud services raised concerns about connection security and authenticity. SSL VPN services became even more important as a result of this. Thus, the demand for SSL VPN solutions has grown significantly in tandem with the growth of cloud-based services during the pandemic.

Top Impacting Factors

Rise in Number of Cyber-attacks

Organizations are expanding their businesses at a notable pace, owing to technological advancements, supportive government legislations, and high internet penetration globally. However, this has made company data highly vulnerable to external threats, such as spyware, malware, viruses, Trojans, and others. The number of cyber-attacks or hacking attempts across the globe has significantly increased over the last few years, which has urged organizations to adopt secure and more private ways to offer remote access to a company’s private data. Thus, SSL VPN is a viable solution, and hence has witnessed significant adoption over the years.

Growing Awareness about Data Security among Organizations

Data security and management is a crucial part of any organization. Security breaches and threats from viruses, malware, and others have urged organizations to provide attention towards security, confidentiality, and integrity of data as well as information shared across connected network. Further, growing awareness about user credential related risks, spilt tunneling, vulnerability to keystroke loggers, and loss of sensitive information are expected to increase adoption of revised and updated SSL VPN technologies.  

Growing Demand for Cloud-based Security Solutions

Increase in need for low-cost, convenient, and flexible security solutions and rise in awareness about IT security fuel the adoption of cloud-based SSL VPN solutions and services among end users, owing to easy availability of the products and improved performance. These factors, as a result promoting the SSL VPN market growth.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides in-depth analysis of the global SSL VPN market share along with current trends and future estimations to illustrate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the global SSL VPN market size are provided in the report.
  • The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global SSL VPN market.
  • An extensive analysis of the key segments of the industry helps to understand the global SSL VPN market trends.
  • The quantitative analysis of the global SSL VPN market forecast from 2021 to 2030 is provided to determine the market potential.

 

SSL VPN Market Report Highlights

Aspects Details
By Component
  • Software
  • Service
By Mode of Remote Access
  • Tunnel
  • Thin-client
  • Clientless
By Enterprise Size
  • Large Enterprise
  • Small and Medium-sized Enterprise
By Region
  • North America  (U.S., Canada)
  • Europe  (United Kingdom, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players ARRAY NETOWRKS, INC., BARRACUDA NETWORK, INC., CISCO SYSTEMS, INC., CITRIX SYSTEMS, INC., CHECK POINT SOFTWARE TECHNOLOGIES, LTD., F5 NETWORKS, INC., H3C TECHNOLOGIES CO., PULSE SECURE, LLC., QNO TECHNOLOGY, SYMANTEC CORPORATION
 

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Development of the industrial and commercial sectors, increase in awareness among organizations about data security and privacy, and high internet penetration drive the growth of the SSL VPN market. Moreover, increase in demand for secure and convenient remote access for customers, employees, & business partners, rise in demand for cloud-based security solutions due to the cost-effective benefits of cloud deployment, such as easy availability, and the growing trend of employees bringing their own devices (BYOD) surge the growth of the market. In addition, rise in awareness about data security among organizations as a result of the constant increase in data volume and the need to avoid data breaches, as well as the increased need to provide secure portals for data sharing with overseas employees, are expected to boost market growth in the near future.

The SSL VPN market is fragmented with the presence of regional vendors, such as Cisco Systems, Inc., Citrix Systems, Inc., Pulse Secure, LLC (Ivanti), F5, Inc., Barracuda Networks, Inc. (Thoma Bravo), Unisplendour Corporation (H3C TECHNOLOGIES CO. LIMITED), Array Networks, Inc., Check Point Software Technologies Ltd., QNO Technology Inc., and NortonLifelock, Inc. Major players operating in this market witness significant adoption of strategies that include business expansion and partnership to reduce supply and demand gap. With increase in awareness and demand for SSL VPN across the globe, major players are collaborating their product portfolio to provide differentiated and innovative products.

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FREQUENTLY ASKED QUESTIONS?

A. Increase in user understanding of the business benefits, improved marketing that focuses on benefits rather than technology, and enhanced security features are some of the major trends in the market.

A. Tunnel segment acquired the major share of SSL VPN market. For users connecting via full tunnel mode, the traffic of the Internet will apply security scanning to it and will verify the availability if antivirus on remote users’ device. Further, availability of “Split Tunnel” feature for VPN connections makes full tunnel mode a preferred choice among end users.

A. North America accounted for the major share of SSL VPN market. The region witnesses huge technological growth in the recent years, which requires strict regulatory compliance to protect the valuable information. This has led to increased adoption of SSL VPN products in the region to effectively monitor cybercrimes and external as well as internal threats.

A. The global SSL VPN market size was valued at $4,563.00 million in 2020, and is projected to reach $12,600.43 million by 2030, growing at a CAGR of 10.9% from 2021 to 2030.

A. Cisco Systems, Inc., Citrix Systems, Inc., and F5, Inc., are top companies to hold the market share in SSL VPN market.

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