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IC_172774
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Pages: 150
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Aug 2017 | 6805 Views
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Author(s) :
Kalyani Sonawane
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Tables: 37
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Secure Socket Layer Virtual Private Network (SSL VPN) facilitates access to restricted network resources through an authenticated and secure pathway by encrypting the network traffic. This protocol obtains an improved level of compatibility with configurations and client platforms over traditional protocols irrespective of geographic locations. SSL VPN operates through three major modes of remote access, including clientless or web VPN, thin-client or port forwarding, and tunnel mode or full network access. Advantages of SSL VPN include secure connection with remote endpoint device without any additional client software installment, ease of use, improved performance, accessed via standard web browser, and others.
The global SSL VPN market is segmented based on mode of remote access, component, organization size, and geography. As per mode of remote access, the market is categorized into clientless mode, thin-client mode, and tunnel. On the basis of organization size, it is bifurcated into large and small & mid-size. Geographically, the SSL VPN market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Global SSL VPN Market Segmentation
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The global SSL VPN market was valued at $3,077 million in 2016, and is expected to reach $5,328 million by 2023, growing at a CAGR of 7.5% from 2017 to 2023. The major factors that drive the market growth are increase in demand for secure remote access for employees, customers, & business partners; rise in number of cyber-attacks, surge in demand for cloud-based security solutions, and increase in demand for bring-your-own-device (BYOD) trend. Other factors that influence the market growth include rise in awareness about data security among organizations and increase in need to offer secure portals of expanding businesses to overseas employees, business partners, and customers.
The North American SSL VPN market generated the highest revenue in 2016, as organizations in North America are equipped with advanced technologies. Moreover, presence of large number of enterprises and increase in number of internet users have supplemented the market growth. The Asia-Pacific SSL VPN market is expected to grow at the highest CAGR, owing to rise in penetration of internet, rapid industrialization, and significant economic growth.
The key players operating in the global SSL VPN industry include Oracle Corporation, Cisco Systems, Inc., Citrix Systems, Inc., Pulse Secure, LLC, F5 Networks, Inc., Barracuda Networks, Inc., H3C Technologies Co., Limited, Array Networks, Inc., Check Point Software Technologies, Ltd., QNO Technology, Inc., and Symantec Corporation. These players have expanded their market presence by adopting various business strategies such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.
Top Investment Pockets
The following graph signifies the growth potential of the global SSL VPN market. The tunnel mode occupied the largest market share in 2016, owing to increase in enterprises using SSL VPN to secure data from unauthorized accesses on remote places.
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Increase in Demand for Secure Remote Access for Employees, Customers, & Business Partners
Companies seek to offer secure remote access for business partners, employees, and customers to protect their data from possible external threats. The challenge is to provide access through critical legacy applications in a modest way. SSL VPNs provide a plug-n-play alternative to conventional modes of secure remote access for mobile users or for partners/customers. This has fueled the demand for SSL VPN technology among various organizations across the world.
Growth 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 worldwide. However, this has made the company data highly vulnerable to external threats such as spyware, malware, viruses, Trojans, and others. Number of cyber-attacks or hacking attempts have 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.
Vulnerability of SSL Protocol to External Threats
SSL VPN protocol offers security to remote access of data through a standard web browser. However, without installation of security software on endpoint devices, the security through SSL VPN can be vulnerable to external threats. Data can be hampered or hacked by an intruder without appropriate preventive measures such as antivirus software. This has limited the capabilities of SSL VPN to protect the sensitive data and offer full network security.
Surge in Demand for Cloud-based Security Solutions
Increase in need for low-cost, convenient, and flexible security solutions and rise in awareness about IT security have fueled the adoption of cloud-based SSL VPN solutions and services among end users, owing to easy availability of the products and improved performance.
Key Benefits:
The Key Players Profiled in the Report are as follows:
Secure socket layer (SSL) is a cryptogenic protocol, which is designed to promote secure online interaction and access to data on a standard web browser. Over the time, privacy and data security of organizations have become vulnerable, which has put forth a diverse concern subjected to web security of the users. SSL tunnels information sent via the secure network to boost data safety and security. It can be accessed through three modes, including clientless, thin-client, and full network access or tunnel mode. Few of the features of SSL VPN include endpoint security compliance, cache cleaning, ease of use, and improved performance.
The global SSL VPN market is expected to account for $5,328 million by 2023, owing to increase in demand for secure remote access for employees, customers, & business partners; rise in cyber-attacks, growth in demand for cloud-based security solutions, and increase in BYOD trend. Other factors that influence the market growth include growth in awareness about the data security among organizations and need to offer secure portals of expanding businesses to overseas employees, business partners, and customers. However, the vulnerability of SSL VPN to external threats hampers the adoption of technology.
North America was the highest contributor the global SSL VPN market, owing to its technologically advanced infrastructure and a presence of large-scale organizations. Asia-Pacific SSL VPN market is expected to grow at the highest CAGR during the forecast period, owing to the development of industrial & commercial sectors, rise in awareness among organizations about data security & privacy, and high internet penetration.
The key market players in the global SSL VPN market have adopted various strategies such as product launches, partnerships, business expansions, promotional activities, and strategic alliances to create more awareness about the technology and increase their market presence.
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