VPN market to explode globally by 2022 research suggests

VPN market increase

VPN use is on the increase, you don’t need to be an expect to know that but today a report released by Market Research Future (MRF) confirmed growth of the VPN industry is expected to boom by 2022.

In the next 5 years, MRF predicts that the global VPN industry will be worth in excess of 106 billion US dollars.

While the news that VPN uptake is increasing may come as no surprise to some, the report confirms through research that usage is set to boom in the coming years.

What’s causing this increase

The report suggests that the number of security threats in recent years which have been highly publicised have led consumers to consider their online privacy.

VPN products were previously resigned to workers and those with a tech background who understood the insecurity of the internet. Big security breaches which have made mainstream news outlets have made the general public more aware of the need to protect their online security.

Many users have previously installed anti-virus software that comes bundled with their computer or free with their bank account such as the free Kaspersky offer given by UK bank Barclays.

Alongside on device security such as anti-virus the general public are now more aware that their privacy is threatened when using the internet, something which a traditional security-suite like anti-virus can not protect against.

A VPN has become the go-to security tool for the average user to protect their privacy and providers of VPN services are becoming household names.

Leaders in VPN technology

The report suggests that leaders in the VPN industry include IPVanish, NordVPN and VyprVPN and it is likely that these companies will become more well known in the near future.

Positive reviews and feedback will push more users to sign up with reputable providers which will leave the lesser known, lesser quality providers to fall by the wayside.

As VPN technology becomes mainstream many leading security-suites are keen to hop on the bandwagon and give the traditional VPN providers a run for their money.

Kaspersky launched their own inbuilt VPN service, AVG acquired Privax the company behind leading VPN service, HideMyAss. Symantec the company behind Norton purchased SurfEasy and most recently Cloudflare purchased the relatively unknown Neumob mainly for their VPN technology.

Who is using VPNs

Without a doubt the United States is leading the way in consumer level VPN use which is in part due to revelations such as those made by Edward Snowdon back in 2013. This led many general users to consider their internet security.

Other countries mentioned in the report include China and India. As consumer internet mainly via mobile becomes more widespread, the governments in both countries, especially China have continued to block access to websites that are freely accessible in the west.

China being the worst offender has also vowed to completely block access to VPN services.

Regardless of the country you live in, a VPN is now a vital tool to protect your online privacy, bypass increased censorship and  avoid geo-restrictions.

If you haven’t already made the leap and signed up to a VPN provider, the likelihood is, as suggested by the MRF report that you will think nothing of being a user of and enabling your VPN service by 2022.

If you’re interested in comparing some of the leading VPN service, take a look at our VPN Comparison Guide.

Christopher Seward

Author: Christopher Seward

After 25 years of using the internet, Christopher launched one of the very first VPN comparison websites in 2013. An expert in the field his reviews, testing and knowledge have helped thousands of users get the correct VPN for their needs.

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