A secure sockets layer virtual private network (SSL VPN) is a virtual private network (VPN) created using the secure sockets layer (SSL) protocol to create a secure and encrypted connection over a less-secure network, such as the internet SSL VPNs. In addition, as remote workforce continues to grow, SSL VPNs help employees to stay connected to the business apps they require and provide employees, contractors, and partners access to critical information from practically any computer or device in the globe. Moreover, secure remote access via a web portal and network-level access via an SSL-secured tunnel between the client and the corporate network are the two main features of an SSL VPN. An SSL VPN's main advantage is data security and privacy.
Growth of SSL VPN market is attributable to increase in user understanding of the business benefits, improved marketing that focuses on benefits rather than technology, and enhanced security features. In addition, SSL VPNs provide a number of advantages, including the fact that no client software is required to access web-enabled apps, that only servers require digital certificates to establish the encrypted session, and many others. However, the attribute of SSL VPN to slow down internet connection because of high processing power to decrypt the traffic are some of the factors that hamper the market growth. On the contrary, the growing need to provide safe portals for expanding firms to overseas employees, business partners, and consumers is likely to generate attractive prospects for the industry to grow in upcoming years. In addition, because of the growing trend of working from home, businesses are increasingly using SSL VPN to connect remote users to corporate resources and network resources. This is anticipated to provide lucrative opportunities for the market to grow in future.
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 analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global SSL 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. (Symantec Corporation). These players have adopted various strategies to increase their market penetration and strengthen their position in the Global SSL VPN industry.
Growth of SSL VPN market is attributable to increase in user understanding of the business benefits, improved marketing that focuses on benefits rather than technology, and enhanced security features. In addition, SSL VPNs provide a number of advantages, including the fact that no client software is required to access web-enabled apps, that only servers require digital certificates to establish the encrypted session, and many others. However, the attribute of SSL VPN to slow down internet connection because of high processing power to decrypt the traffic are some of the factors that hamper the market growth. On the contrary, the growing need to provide safe portals for expanding firms to overseas employees, business partners, and consumers is likely to generate attractive prospects for the industry to grow in upcoming years. In addition, because of the growing trend of working from home, businesses are increasingly using SSL VPN to connect remote users to corporate resources and network resources. This is anticipated to provide lucrative opportunities for the market to grow in future.
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 analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global SSL 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. (Symantec Corporation). These players have adopted various strategies to increase their market penetration and strengthen their position in the Global SSL VPN industry.
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.
Key Market Segments
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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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SSL VPN MARKET, BY COMPONENT
CHAPTER 5: SSL VPN MARKET, BY MODE OF REMOTE ACCESS
CHAPTER 6: SSL VPN MARKET, BY ENTERPRISE SIZE
CHAPTER 7: SSL VPN MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'SSL VPN Market,' the SSL VPN market size was valued at $4.6 billion in 2020, and is estimated to reach $12.6 billion by 2030, growing at a CAGR of 10.9% from 2021 to 2030.The global SSL VPN market is in its developing phase, and exhibits high growth potential, due to new features and services provided by the key players in the market. For instance, in March 2021, Cisco Systems, Inc., an American multinational technology conglomerate corporation, launched Cisco Plus to provide new flexible buying and consumption models to clients to enable them connect, protect, and automate to accelerate their digital agility in a cloud-first future. In addition, the demand for low-cost, convenient, and flexible security solutions and increase in awareness about IT security fuel the adoption of SSL VPN solutions and services among enterprises.
By component, the software segment acquired major SSL VPN market share. Increased user awareness of its commercial benefits, improved security features, and better marketing that focuses on the benefits of SSL VPN rather than technology are expected to drive growth for SSL VPN solutions. However, the solution segment is expected to grow with higher CAGR.
Region-wise, Asia-Pacific is anticipated to grow tremendously, and is expected to maintain this trend during the forecast period. SSL VPN adoption is affected by the migration from on-premise or datacenter deployments to cloud or hybrid infrastructure. Organizations debate on how to transition to cloud deployment without jeopardizing security policies. Furthermore, the rise in demand for enterprise mobility is expected to drive up the demand for SSL VPNs. This has a positive impact on SSL VPN growth in the Asia-Pacific region.
Companies urged employees to set up remote working capabilities in the wake of the spreading pandemic in order to ensure business continuity. The rise of teleworking, work-from-home, and remote workers poses a significant threat to most businesses' cybersecurity infrastructure. As work from home (WFH) became the new normal, businesses began to use secure sockets layer VPN to connect remote users to corporate resources and access important network resources remotely. Access, security, and performance were all in high demand. Thus, these factors promote the growth of the global SSL VPN industry during the pandemic situation.
KEY FINDINGS OF STUDY
- By mode of remote access, the tunnel mode segment led the highest global SSL VPN market share, in terms of revenue in 2020.
- By component, the service segment is expected to exhibit the fastest growth rate during the SSL VPN market forecast period.
- Region-wise, North America generated the highest revenue in 2020.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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