TechNavio’s analysts forecast that the Global VPN Router Market 2010-14 will reach $4.5 billion in 2014. One of the key factors contributing to this market growth is need for better network security. The VPN Router Market has also been witnessing increase in development of low cost products. However increase in counterfeit products could be a challenge to the growth of this market.
Key vendors dominating this market space include Cisco Systems Inc., Juniper Networks Ltd., Huawei Technologies Co. Ltd., and Alcatel-Lucent Ltd.
TechNavio’s Global VPN Router Market 2010-14 has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on Americas, EMEA and APAC and covers the VPN Router Market and its outlook in the coming years.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
Report HighlightsNeed for Better Network Security Driving Growth of VPN Routers
Research conducted by Technavio reveals that the global VPN router market is expected to grow at a CAGR of 6.2 percent. The report, which focuses on the Americas, EMEA and APAC indicates, that the market is currently driven by an urgent need for better network security.
“In today's world, there is an increase in usage of Wi-Fi and public networks for Internet access. As a result, security threats are also constantly on the rise. This prompts more and more organizations to adopt VPN routers that have a secure communication network,” reports Technavio analyst.
In spite of the need, an increase in counterfeit products hinders the growth of this market. However, an increase in development of low cost products is expected to overcome this challenge.
The global VPN router market is marked by increase in functionality of routers. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.
The report, Global VPN Router Market 2010-2014 is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis.
Companies mentioned in this report include: Cisco Systems Inc., Juniper Networks Ltd. , Huawei Technologies Co. Ltd. and Alcatel-Lucent Ltd.
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