How Cloud VPNs are Reshaping the Security Landscape
Market Research Future (MRFR), in its latest report on the global cloud VPN market, reveals that the cloud VPN market can rise at over 22.50% CAGR through the assessment period 2022-2030. By 2030, the global cloud VPN market value can touch USD 47.84 billion, states MRFR analysis. An in-depth analysis of the impact of COVID-19 outbreak on the cloud VPN market is offered along with the report. The rapid expansion of the global cloud VPN market through the assessment period can be credited to the constant rise in the demand for cloud VPN services. In addition, the rise in shift towards virtual applications, followed by high demand for cloud-based services can promote the expansion of the cloud VPN global market in the years ahead. The presence of recognized cloud VPN solutions across different regions can contribute largely to the rise of the cloud VPN market in the years ahead. In addition, the shifting focus on sustainable growth and increase in government initiatives in well-established economies to take required measures can also support the expansion of the market across the study period.
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Cloud VPN Market 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 solutions 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.
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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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