VIRTUAL PRIVATE NETWORK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Virtual Private Network Market, By Component (Services and Solution), By Type (Remote Access, Extranet, Site-to-site, Others), By Deployment Mode (Cloud, On-premise), By End-Use (Individual, Commercial), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
In January 2023, Etisalat is a multinational telecommunications company headquartered in the United Arab Emirates (UAE) teamed up with Huawei Technologies is a multinational technology company headquartered in Shenzhen, Guangdong, China. to test and implement 5G portable private network multi-access edge computing (MEC) capabilities. Etisalat UAE aimed to offer a 5G alternative to traditional VPN services as part of its standalone commercialization initiative. This initiative sought to enhance remote work experiences for UAE businesses, leading to better connectivity and increased productivity.
In November 2022, RadioIP is a technology company specializing in providing networking solutions for mobile and remote environments. announced a partnership with NextNav, a top provider of vertical location positioning technology. Their collaboration aims to improve RadioIP's VPN solutions by integrating mission-critical z-axis location intelligence. By utilizing NextNav's expertise, first responders and security agencies can ensure the safety and accurate positioning of their personnel.
In February 2022, Nokia is a multinational telecommunications and information technology company headquartered in Finland. launched the world's first commercial 5G Edge Slicing deployment in partnership with mobile operators Cellcom and Telia. Nokia's edge-slicing solution enables operators to deliver secure, reliable, and high-performance VPN services to enterprise customers over existing commercial 4G/5G networks.
In September 2021, Kape Technologies, a U.K.-based cybersecurity company, finalized the acquisition of Express VPN service from Express VPN International Ltd for a significant sum of USD 936 million. This strategic acquisition expanded Kape Technologies' presence in the commercial digital privacy sector and doubled its customer base from 3 million to 6 million.