Market Highlights
Market Research Future (MRFR), in its most recent report on the global cloud VPN market 2020, uncovers that the cloud VPN market can ascend at more than 22% CAGR through the evaluation time frame 2017-2023. By 2023, the global cloud VPN market worth can contact USD 11 billion, states MRFR investigation. A top to bottom examination of the effect of COVID 19 flare-up on the cloud VPN market is presented alongside the report. The quick extension of the global cloud VPN market through the evaluation time frame can be credited to the steady ascent in the interest for cloud VPN services. Furthermore, the ascent in shift towards virtual applications, trailed by popularity for cloud-based services can advance the extension of the cloud VPN global market in the years to come. The presence of perceived cloud VPN arrangements across various locales can contribute generally to the ascent of the cloud VPN market in the years to come. Likewise, the moving spotlight on manageable development and expansion in government drives in grounded economies to go to required lengths can likewise uphold the extension of the market across the review time frame.
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Segmentation:
The segment analysis of the global cloud VPN market is based on organization size, connectivity, component, and vertical. The component based segments of the cloud VPN market are services and software. The sub-segments of the services segment are support & maintenance, integration, and training and consulting. The service segment is expected to thrive and attain substantial revenue for the global cloud VPN market. The growing number of cloud VPN solution that chiefly focus on maintenance and support services that are crucial and are required at each phase of implementation can cause the expansion of the cloud VPN market in the near future.
The connectivity based segments of the cloud VPN market are site-to-site and remote access. The increase in demand for remote access cloud VPN connectivity can impel the expansion of the market in the years to come.
The organization size based segments of the cloud VPN market are large enterprises and SMEs. The increase in the need for cloud VPN solutions in both large companies and SMEs can impel the expansion of the market through the review period across the analysis period.
The vertical based segments of the global cloud VPN market are IT & telecommunication, government, BFSI, retail, healthcare, manufacturing, and others.
Detailed Regional Analysis
The cloud VPN market in North America cloud VPN market is likely to surge at the highest pace through the analysis period. At the same time, the cloud VPN market in the Asia Pacific region is projected to thrive at the fastest growth pace in the forecast period. The cloud VPN market in Europe is likely to witnessing rapid increase due to technological advancements and pressing demand for cloud VPN solutions and services in different industry verticals. The constant increase in the demand for cloud VPN in the US due to rise of the IT and telecommunication sector, followed by increasing count of service providers can also drive the market growth through the analysis period in the study period. Development in connectivity solutions can promote the expansion of the market in years to come.
Key Players
NCP Engineering (Germany), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Cisco Systems, Inc. (U.S.), Google, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), Contemporary Controls Systems, Inc. (U.S.), Robustel (China), Singapore Telecommunications Limited (Singapore), Virtela (U.S.), and Cohesive Networks (U.S.) among others are some reputed companies in the global cloud VPN market as listed by MRFR.
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Cloud VPN Market Research Report: By Component (Software, Service), by Organization Size (SMEs, Large Enterprises), Connectivity (Remote, Site-to-Site), Vertical (BFSI, IT & Telecommunication, Healthcare, Government) – Forecast till 2027
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Cloud Virtual Private Network (VPN) is a type of VPN that operates on a cloud-based network infrastructure, which is also sometimes referred to hosted VPN or VPN as a service (VPNaaS).
Cloud VPN provides a global VPN access to end users including its subscribers and third-party users over public internet.
A VPN is mostly meant to permit a user, a connection to the internet over a server run by an enterprise.
As most of the data or information on the server is encrypted for privacy, a cloud VPN can provide a secure access over the internet for using the private network through the virtual environment.
In this report, MarketsandMarkets expects the cloud VPN market size to grow from USD 3.25 Billion in 2017 to USD 8.78 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.0%.Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=99856038Government and public utilities segment is expected to be the fastest-growing verticalIn the verticals end-user segment, the government and public utilities sector is expected to grow at the highest CAGR, while the telecom and IT sector is estimated to have the largest market share.
The government and public utilities sector is undergoing a major transformation with the advent of cloud VPN.
OverviewCloud VPN or VPN as a service allows users to access a company’s data stored in the cloud through a website or mobile application.
The global cloud VPN market report by Market Research Future (MRFR) studies the growth of cloud and other pertinent factors for sizing the valuation of the industry during the forecast period (2017-2023).
The COVID-19 pandemic and its impact on the market is explored in high detail.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5738Market ScopeThe global cloud VPN market is expected to grow at a CAGR of 22% during the forecast period.
The large number of mobile devices used for official purposes and trend of bring-your-own- devices (BYOD) are major drivers of the market.
Whitelisting of sites for increasing productivity of employees and blocking malicious sites by assigning static IP addresses are features of cloud VPN which has seen many takers in the corporate sector.SegmentationThe global cloud VPN market is segmented by component, connectivity, organization size, and vertical.Based on component, the market is segmented into software and service.
The service segment is further classified into integration, support & maintenance, and training and consulting.Based on the connectivity, the market is segmented into remote access and site-to-site.Remote access connectivity is expected to hold the largest market share of the global cloud VPN market.
