VPN Usage Soars Amid Covid-19 Outbreak
Due to the unprecedented Covid-19 outbreak tech companies are winning due to the increased demand for streaming services from the likes of Netflix, Disney + etc.
Many users turn to VPNs around the world to access more content than they would be able to see. For example to see US Netflix content you either need to be in the USA or change your IP address location with a VPN.
So how can this be achieved?
A VPN will let a user change their location to pretty much any country in the world or even host dedicated VPN servers for streaming. So you can sit at home and literally transport yourself anywhere.
Kape Technologies who own CyberGhost, ZenMate and newly acquired PrivateInternetAccess recently reported a sales update in response to the Covid-19 outbreak:
"As a result of the restrictions being imposed on movement across the globe in response to the COVID-19 pandemic, and an increase in both remote and home working, Kape has seen increased demand for its products. This has been especially apparent within the Group's digital privacy division, and in particular Kape's VPN offering has experienced increased demand globally but most notably from North America and Europe."
They added "Demand for Kape's digital privacy products is robust, and the Group is on track to deliver revenues of $120-123 million and Adjusted EBITDA1 of $35-38 million in 2020”.
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