The global Virtual Private Server (VPS) market size is expected to grow from USD 2.4 billion in 2018 to USD 5.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.3% during the forecast period. Increasing adoption of cloud-based services among global organizations is expected to create growth opportunities for VPS vendors. With increasing virtualization, Small and Medium Enterprises (SMEs) are largely embracing both private and public cloud services to transform their business processes. The adoption of cloud services has, in turn, led to a steady rise in the demand for VPS for hosting and supporting other critical business functions.
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The VPS market includes major vendors, such as AWS (US), United Internet (UK), GoDaddy (US), Endurance International Group (US), OVH (France), DigitalOcean (US), Plesk (Switzerland), Rackspace (US), A2 Hosting (US), Liquid Web (US), Linode (US), Vultr (US), DreamHost (US), InMotion Hosting (US), and TekTonic (US). These players have embraced various growth strategies to expand their presence and market shares. New product launches and business expansions are significant growth strategies adopted by the major players to grow further in the VPS market.
The Linux operating system segment to grow at a higher CAGR during the forecast period
Organizations use VPS for their Windows and Linux applications. Linux VPS is one of the best options if a user wants more control over the things that have been installed on the server where the website has been hosted. Linux VPS provides with a multi-tenancy feature, which means allocation of resources, such as email accounts or disk space can be done easily. Linux VPS is easy to install, and it is viable to deploy tools and add-ons as per user’s requirement. Thus, the Linux segment is witnessing higher growth in adoption.
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The small and medium-sized enterprises (SMEs) segment to grow at a higher CAGR during the forecast period
The SMEs segment usually faces challenges in terms of IT infrastructure resources. However, these organizations are trying to gain enhanced control over their servers. VPS offers a virtually dedicated server options, which is gaining popularity among SMEs. Thus, the SMEs segment is expected to grow at a higher CAGR during the forecast period.
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North America to dominate the VPS market during the forecast period
The global VPS market by region covers 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is estimated to hold the largest market size in 2018, owing to the presence of several vendors and huge investments in adopting VPS solutions in the region. The VPS market in APAC is expected to grow at the highest CAGR during the forecast period, due to the rapid developments of the required infrastructure and the increasing need to adopt innovative technologies.
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The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.COVID-19 AnalysisSARS-CoV-2 has impacted the worldwide economy by disrupting the balance between supply and demand, making the supply chain weak, and inducing major revenue losses across companies and the finance sector.
As a result, different sized enterprises are spending massively on better infrastructure to protect the databases that are at risk in the public cloud environment.
This situation brought on by the COVID-19 outbreak has caused significant demand for virtual private servers/VPS among enterprises, to enable users to securely and safely deploy application software.
Also, the e-commerce sector has been a life saver of sorts for the virtual private server market, in light of the growing need to run several operations in a secure environment, especially during these uncertain times.Key Boosters and Main Barriers Product innovation and new launches remain some of the most favored strategies that the leading vendors employ in order to expand their global presence and also boost their customer base, which also induces market growth.
The VPS line includes different options of advanced Windows and Linux operating systems along with applications such as Docker and WordPress.virtual private server market are in great demand among small as well as large enterprises in the wake of escalating concerns with regard to data security and the surge in cyber threat cases.
Additionally, the significant expansion of the virtualization field has been a notable growth inducer in the virtual private network market.
