Global SSL VPN Market: Incresing organizations focuse towards data privacy and security while providing remote access to the employees, business partners, and customers that leads to rapid growth of market.

Published Date: 11/05/2021

The Global SSL VPN Market is valued 4055 USD million IN 2020 and is expected to reach 7025 USD million at 2027 at a CAGR of 7.2%. SSL VPN solution brings a higher level of performance to its customers through secure access control and simultaneous connections without sacrificing security. The need for SSL VPN has never been greater, especially due to increased targeted attacks, rapid work from home requirements, and privacy compliance obligations. The tremendous demand for SSL suites for organizations to consolidate their secure access tech to gain agility, scale and cyber risk mitigation. Growing trend especially among the IT professionals, which allows employees to access organizational data from anywhere is driving the growth of the market. SSLVPN offers a secure channel to access sensitive data, which prevents any occurrence of data breach.The VPN industry, is a highly profitable niche and that data supports it. The industry is moving towards being worth US$36 billion in coming years, which presents an excellent opportunity for entrepreneurs.

The major opportunity is in the mobile SSLVPN market which is the growing in telecom and government sectors. The banking, financial services, and insurance sector is spending anenormous portion of its revenue on procuring securityof its products and services. Banks are focusing more on securing their payment gateway and customers’ account credentials. The expenditure done by banks on communication technology has now shifted from the to customer interaction involving indirect channels to devices. With the changing customer demand and behaviour, banks are now adopting VPN software.