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).
Remote access connectivity type to carry the highest market size
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. It makes it popular among end users and gain more market size in the cloud VPN connectivity.
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Government and public utilties segment is expected to be the fastest-growing vertical
In 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 governmenet and public utilies sector is undergoing a major transformation with the advent of cloud VPN. This secotr is expected to use cloud VPN to a great extent, owing to the increased need for security, privacy, and compliance across the government and public surveillance. This, in turn, would drive the cloud VPN market during the forecast period.
North America is expected to have the largest market size in the cloud VPN market
North America, owing to the presence of a large number of cloud VPN vendors, is expected to have the largest market size in the cloud VPN market during the forecast period. Meanwhile, Asia Pacific (APAC) is expected to be the fastest-growing region. With the evolution of digital transformation in APAC, the need for managed IT services is also seen to be increasing. 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. The market in developing regions, such as the Middle East and Africa (MEA) and Latin America, is expected to grow owing to the increasing use of mobility, cloud computing, expanding retail and banking sector, and government regulatory compliances.
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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
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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.
