SSL VPN market size is set to grow at a CAGR of 7.6% during the forecast period 2020-2025 and projected to reach $6.5 billion by 2025. An SSL VPN is defined as a type of private network access that uses the Transport Layer Security (TLS) protocol to offer secure and remote-access VPN capability in standard web browsers. This SSL VPN connection uses end-to-end encryption to protect data transmission in between the endpoint device client’s software and the SSL VPN server and enhance the client internet connectivity security. The increase in demand for reducing total ownership cost and enhancing productivity are augmenting the widespread use of technology and contributing to the expansion of the global SSL VPN market size.
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Organization Size – Segment Analysis
Currently, large organization occupied a major share of nearly 60% in the global SSL VPN market and are projected to grow at a notable CAGR during the forecast period as well. However, the small & mid-size organizations are estimated to grow at a highest CAGR during 2020-2025. This is mainly due to increasing need to provide secured access for organizational resources during the internet sessions, especially for remote users. Additionally, SSL VPN delivers reliable connections. SSL protocol disapproval by the Internet Engineering Task Force (IETF) and replacement by TLS, SSL VPNs within modern browsers for encrypting and authenticating data transmission is driving the growth of the SSL VPN at large organizations.
Component – Segment Analysis
Presently, the software segment held the largest share of 66% in the SSL VPN market size in 2018. On the other hand, the services segment is set to grow with the fastest CAGR of 8.3% during the forecast period. Enterprises’ shift towards secured cloud-based solutions that provide remote access for customers, employees, and business partners coupled with the rise in the number of cyber-attacks is set to drive the adoption of SSL VPN software. Additionally, the rising shift towards the bring-your-own-device (BYOD) market is, in turn, boosting the share of the software in the global SSL VPN market growth.
Geography – Segment Analysis
North America’s SSL VPN market share dominated the global SSL VPN market, accounts for more than 34%, followed by APAC and Europe. It is majorly due to the increasing adoption of advanced technologies integrated equipment in several organizations. Furthermore, the growing presence of a large number of enterprises is directly proportional to the number of internet users, thereby contributing to the increment of the North America SSL VPN market growth. However, the APAC region is set to grow with the fastest CAGR of 8% during the forecast period. This is largely due to the rise in the penetration of smartphones, internet usage, and rapid industrialization of the APAC market.
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Drivers – SSL VPN Industry Outlook
The increase in the adoption of secured remote accessibility is attributing the growth of the SSL VPN market
The SSL VPN offers a modest solution apart from a traditional model of security for remote access especially for mobile users and customers. The effective way of handling the critical legacy applications by the SSL VPN is notable across a wide variety of organizations. The parallel activities such as government support in adopting new technologies, increased internet penetration are empowering the usage of viable solution SSL VPN.
Upsurge in the adoption rate of cloud-based security solutions are raising the SSL VPN market revenue
The rise in the need for flexible and cost-effective security solutions in the current contemporary world are fuelling the demand for SSL VPN, especially in IT Software. In addition to this, the enhanced performance of products along with ease accessibility is boosting the prevalence of SSL VPN across varied end-use verticals.
Challenges – SSL VPN Industry
External software threats such as spyware and malware is primarily hindering the growth of the SSL VPN market
Conversely, deficiency of host security software installments within the endpoint devices and the vulnerability of SSL protocol to external threats are together restraining the SSL VPN market growth. The domineering impact of spread threats namely spyware, Trojans, malware, worms, and viruses are increasing the vulnerability of SSL protocol and thereby hampering the growth of the SSL VPN market.
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