VPNs evolve into comprehensive security platforms

RESEARCH FIRM STATISTA PROJECTS THE GLOBAL VPN MARKET TO SURGE TO $350 BN BY 2032, A SHARP RISE FROM $45 BN IN 2022

- Vishal Mathur

Virtual private networks are transforming from simple web browsing security tools into comprehensive digital protection platforms. In an era emphasizing digital data security, VPNs are seeing unprecedented adoption rates, driven by improvements in server speeds, zero-log policies, robust encryption, and widespread device compatibility including smart TVs.

VPN companies are capitalizing on this momentum as both home and enterprise spending increases. They're strategically developing comprehensive security suites that layer multiple services - cloud storage, password management, ad blocking, malware protection and data breach monitoring - into their subscription offerings.

ExpressVPN, Proton and Nord Security are spearheading this evolution. Research firm Statista projects the global VPN market will surge to $350 billion by 2032, a dramatic increase from $45 billion in 2022. This expansion has traditional antivirus companies concerned about their market position.

Financial information and identity protection have emerged as crucial focus areas in this multi-pronged security approach. Netherlands-based Nord Security recently launched NordProtect, a service monitoring dark web leaks for compromised email addresses and phone numbers, tracking suspicious credit activity changes, and providing identity theft insurance in the US market. International expansion is expected in coming months.