The SSL VPN market is in its maturity phase, and is expected to grow at rate of 7.5% during the forecast period. Organizations are more focused towards data privacy and security while providing remote access to the employees, business partners, and customers. The North American SSL VPN market was the highest shareholder, in terms of revenue, while Asia-Pacific is expected to witness the highest growth during the forecast period.
The Global SSL VPN Market was valued at $3,077 million in 2016, and is projected to reach $5,328 million by 2023, growing at a CAGR of 7.5% from 2017 to 2023, according to the latest report published by Allied Market Research. The thin-client mode of remote access segment is anticipated to grow at the highest growth rate during the forecast period.
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North America was the highest revenue contributor to the market in 2016, owing to infrastructural development and increase in adoption of SSL VPN. Asia-Pacific SSL VPN market is expected to grow at the highest rate during the forecast period, owing to considerable economic growth in Southeast Asia, India, & other economies and increase in bring-your-own-device (BYOD) trend.Top Impacting Factors
Rise in cyber-crimes, unauthorized access of data by intruders, high costs of security mechanism installments, and cost-effective benefits of SSL VPN are expected to offer growth opportunities for the market among large organizations and SMEs all across the world.Major Market Players
Cisco Systems, Inc., Citrix Systems, Inc., Pulse Secure, LLC, F5 Networks, Inc., Barracuda Network, Inc., H3C Technologies Co., Limited, Array Networks, Inc., Check Point Software Technologies, Ltd., QNO Technology, Inc., and Symantec Corporation. These players have adopted strategies such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations to gain a strong foothold in the market.
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