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ZDNET's key takeaways
The global VPN market is set to grow by 17.4% (CAGR) by 2030.
Growth drivers include remote work, cloud tech, and data security.
VPNs also protect against censorship and surveillance.
Analysts predict that the worldwide Virtual Private Network (VPN) market will grow at an astronomical rate over the next five years, with a changing work environment and security becoming key reasons for increased VPN adoption.
Also: These popular free VPNs all share the same shady security practices - here's why
According to a new report by Maximize Market Research, the global VPN market was valued at $48.7 billion in 2023, and this is expected to grow at a compound annual growth rate (CAGR) of 17.4% until 2030.
By the end of 2030, the market is projected to reach $149.72 billion, and the US is expected to take the lion's share of the market, dominating it with a 41% share by 2030 -- although the Asia-Pacific region will grow the fastest.
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