TECH SUPPLIER Feb 2020 - Market Forecast - Doc # US45969919

Worldwide Consumer VPN Forecast, 2020–2024: Entering a Transformative Era

By: Michael SubyResearch Vice President, Cybersecurity Products, Pete FinalleSenior Research Analyst, Frank DicksonProgram Vice President, Cybersecurity Products

Abstract

This IDC study presents an inaugural five-year forecast of the worldwide consumer VPN market. A $492.0 million market in 2019, IDC predicts the worldwide consumer VPN market will grow at a five-year compound annual growth rate of 11.1% and reach $834.1 million in 2024.

"The consumer VPN market is entering a new era with multiple moving pieces," states Michael Suby, research vice president, IDC's Cybersecurity Products. "Established consumer VPN brands are coming together under single ownership, and non-VPN features and packaging are in vogue and, during the second half of 2019, new entrants joined the market with consumer VPN as an option to their existing products and services. In short, the competitive landscape is more varied than ever before — a testament to the multidimensional value proposition consumer VPNs bring to online consumers."


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