We’re all concerned about privacy and security online, and that’s not going to change anytime soon.
According to one new relationship According to Maximum Market Research, the global virtual private network market will grow by more than 17% annually over the next five years. It is estimated that VPN spending will reach $150 billion by 2030, more than three times what it will spend in 2023 ($48.7 billion).
Two key drivers behind this growth are the lack of data security in public networks and the growing number of remote and hybrid employees.
VPN providers work to increase the attractiveness of their services to consumers. For example, this week ExpressVPN introduced new features to Apple’s iOS app, including shortcuts, home screen widgets, and Siri voice command integration.
If you’ve never used a VPN, you might feel FOMO: Should I join the VPN group?
If you’re still wondering “What is a VPN?” “am. Camp, here’s a brief description of how it works. First, you connect to a VPN server, which allows your device to establish an encrypted connection (sometimes called “tunneling”).
According to the report cited above, VPN is no longer just a niche technology for businesses. The expected growth of VPNs until 2030 underscores the urgency we feel to secure our data.
Maximum Market Research predicts that North America will dominate the VPN market by 2030 with a market share of around 41%.