Cloud VPN Market Development Factors, Latest Opportunities and Forecast 2022
According to a new market research report "Cloud VPN Market by Component (Software and Services), Connectivity Type (Site-to-Site and Remote Access), Organization Size (Large Enterprises and SMEs), End User (Service Providers and Verticals), and Region - Global Forecast to 2022", published by MarketsandMarkets™, The cloud VPN market size is expected 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%.
The growing adoption of it is seen through a high demand for virtual appliances or technologies in the field of networking, application delivery, and security products. Also, an increasing demand for cloud-based solutions is expected to drive the cloud VPN market over the next 5 years.
Browse 63 Market Data Tables and 32 Figures spread through 111 Pages and in-depth TOC on "Cloud VPN Market by Component (Software and Services), Connectivity Type (Site-to-Site and Remote Access), Organization Size (Large Enterprises and SMEs), End User (Service Providers and Verticals), and Region - Global Forecast to 2022"
Major Key Players
Key players in the cloud VPN market include Cisco Systems (US), Microsoft (US), Google (US), NCP engineering (Germany), Huawei (China), Robustel (China), Oracle (US), Contemporary Controls (US), Virtela (US), Singtel (Singapore), and Cohesive Networks (US).
In the current scenario of technology adoption, significant growth in the demand for virtual appliances or technologies is witnessed in the field of networking, application delivery, and security products. The demand for virtualization is owing to its greater agility, faster service deployment, increased efficiency, lower Capital Expenditure (CAPEX)/Operational Expenditure (OPEX), etc. As the entire world is moving toward virtualization, enterprises are eagerly adopting private and public cloud services, thereby fueling the demand for network resource sharing. Enterprises now want the ability to access infrastructure, applications, and other IT resources on-demand, thus fundamentally paving the path for a virtual resource-sharing environment. Growing use of public cloud and managed services has resulted in increasing data security concerns. Security can act as a stringent factor while sharing vital resources or information, over the cloud, through a VPN.
In the services, the support and maintenance services segment is expected to have a larger market share than integration and training and consulting. As in cloud VPN, there is a greater focus on maintaining and transforming business-critical applications seamlessly, so that the cloud VPN companies can meet their ever-changing demands of the market, hence fueling the demand for these services.
The remote access connectivity type enables an individual user, located remotely, to connect to the enterprise network using personal devices, such as laptops, smartphones, or tablets. The remote access connectivity type is deployed on the cloud infrastructure and can easily be optimized and managed on the cloud itself. This is estimated to make remote access connectivity to gain traction in 2017 as well as carry a high growth rate during 2017–2022. The higher adoption of mobile devices and BYOD trend by organizations enhances the market for the remote access connectivity type. as NCP engineering and Virtela offer remote access connectivity.
Asia Pacific (APAC) is expected to grow at the highest CAGR from 2017 to 2022 in the global cloud VPN market. With the evolution of digital transformation in APAC, there is an increasing need for managed IT services. Furthermore, rapid economic growth in the developing APAC countries, along with the improving regulatory reforms and economic stability is driving the growth of the cloud VPN market in this region. Small and Medium-sized Enterprises (SMEs), as well as large enterprises in this region, belonging to a range of verticals, such as BFSI, government, healthcare, manufacturing, education, and automotive are expected to increase their investments in the cloud VPN solutions.
Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/cloud-vpn-market-99856038.html
Key Target Audience For Cloud VPN Market
- Cloud platform providers
- Cloud VPN software/service providers
- Managed service providers
- Internet service providers
- Government
- Communication service providers
- Third-party system integrators
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.