Latin America Virtual Private Network Market Size & Outlook
Latin America virtual private network market, 2016-2027 (US$M)
Related Markets
Latin America virtual private network market highlights
- The Latin America virtual private network market generated a revenue of USD 2,449.1 million in 2020.
- The market is expected to grow at a CAGR of 18.1% from 2021 to 2027.
- In terms of segment, solution was the largest revenue generating component in 2020.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2027.
Latin America data book summary
| Market revenue in 2020 | USD 2,449.1 million |
| Market revenue in 2027 | USD 7,871.1 million |
| Growth rate | 18.1% (CAGR from 2020 to 2027) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Gen Digital Inc, BlackBerry Ltd, Cisco Systems Inc, Kape Technologies, Alphabet Inc Class A, International Business Machines Corp, Crosspoint Capital Partners, Opera Ltd ADR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.1% of the global virtual private network market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 25,187.4 million by 2027.
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Virtual Private Network Market Scope
Virtual Private Network Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America virtual private network market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to virtual private network market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 64.51% in 2020. Horizon Databook has segmented the Latin America virtual private network market based on solution, services covering the revenue growth of each sub-segment from 2016 to 2027.
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Our clientele includes a mix of virtual private network market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America virtual private network market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America virtual private network market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America virtual private network market size, by country, 2016-2027 (US$M)
Latin America Virtual Private Network Market Share, 2020 & 2027 (US$M)
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