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Post by raihanali12 on Jan 6, 2024 2:32:26 GMT -1
The consumer VPN market is also expected to thrive, reaching $834.1 million by 2024 , with a five-year CAGR of 11.1% . Individuals also seem to recognize the importance of protecting their online activities. 25 Let's not forget the mobile VPN market, which is predicted to grow at a rapid pace. It is expected to grow at a CAGR of 19.7% from 2018 to 2023 . 27 In addition, the global cloud VPN market will also grow rapidly, with a projected CAGR of 22.30% from 2017 to 2025 . Our digital world seems to float on a cloud of secure connections. 26 What is the VPN market? How big is the market for VPN services? What factors are driving the growth of the VPN services market? Who are the key players in the VPN services market? VPN Usage Statistics The number of individual VPN users is growing rapidly, especially in low-income Phone Number List countries and emerging markets. This surge in usage has greatly contributed to the rapid growth of the VPN market. Let's look at some statistics that highlight this development: From 2017 to 2019, global VPN use among internet users aged 16 to 64 increased from 28% to 31% . It seems that more and more people are realizing the value of a VPN to protect their online activities. 28 A quarter of Internet users worldwide report using a VPN every day or almost every day. It's like having a virtual bodyguard by your side on a daily basis. 23 In the US and UK, 41% of VPN users use the technology weekly . Of these, 36% use it every day, 13% use it once a month, and 10% use it less often. For many Internet users, this becomes a habit. 28
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