VIRTUAL PRIVATE NETWORK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• 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.