Cloud VPN Market Highlights:
The global cloud VPN market is estimated to expand at 22 % CAGR during the forecast period (2017-2023) owing to the growing shift towards virtualization, asserts Market Research Future (MRFR). Cloud Virtual Private Network operates on cloud-based network infrastructure and is referred to hosted VPN or VPN as a service.
The global Cloud VPN Market is segmented by component, connectivity, organization size, and vertical. The vertical segment is classified into BFSI, healthcare, manufacturing, IT & telecommunication, retail, government, and others. However, the IT & telecommunication sub-segment is expected to hold a major share of the global cloud VPN market, whereas the government sub-segment is expected to grow at the highest rate during the forecast period. This is owing to the increasing dependency of business operations in IT and telecommunication sector on web applications and growing demand for establishing secure connections in order to protect loss of data. However, the lack of expertise in virtualization and lack of governance and standardization are major factors that could cause hindrance in the growth of global cloud VPN market. Also, increasing concerns regarding data loss and data protection issues are other major factors which may hamper the market growth.
According to Market Research Future Analysis, the global Cloud VPN marketis estimated to generate revenue of approximately USD 11 billion by 2023 growing at a CAGR of 22% during the forecast period 2017-2023.
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Major Key Players:
- Cisco Systems, Inc. (U.S.)
- Microsoft Corporation (U.S.)
- Google, Inc. (U.S.)
- NCP Engineering (Germany)
- Huawei Technologies Co., Ltd. (China)
- Robustel (China)
- Oracle Corporation (U.S.)
- Contemporary Controls Systems, Inc. (U.S.)
- Virtela (U.S.)
- Singapore Telecommunications Limited (Singapore)
- Cohesive Networks (U.S.)
The global cloud VPN market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period.
The growth of the market in North America is attributed to technological advancements and increased adoption of cloud VPN applications across various industry verticals such as BFSI, healthcare, manufacturing and IT and telecommunication among others.
Cloud VPN Market Segmentation:
The global cloud VPN market is segmented on the basis of the component, connectivity, organization size, and vertical. The component segment is classified into software and services. However, the services sub-segment is expected to grow at the highest rate during the forecast period.
This is owing to the increasing number of cloud VPN solution providers majorly focusing on support and maintenance services as these services are very crucial and required at each phase of implementation.
- Technology Investors
- Research/Consultancy Firms
- Government Bodies
- Consulting Service Providers
- Technology Providers
- System Integrators
- Software Vendors
- Service Providers
- Cloud Platform Providers
- Mobile Application Developers
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Table of Contents
1 Executive Summary
2 The Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
List of Tables
Table 1 Global Cloud VPN Market: By Region, 2017-2023
Table 2 North America Cloud VPN Market: By Country, 2017-2023
Table 3 Europe Cloud VPN Market: By Country, 2017-2023
List of Figures
Figure 1 Global Cloud VPN Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Cloud VPN Market
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