Virtual Private Cloud Market to showcase significant CAGR from BFSI sector By 2025
The increasing amount of data and mobility trend in organizations has compelled the need for effective storage and management and improved time-to-market, which will fuel virtual private cloud market growth in large enterprises. Additionally, the rising demand of employees to access computing applications and resources from mobile locations is increasing the complexity for enterprises to store and manage their data centers and focus on their core business operations.
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VPC is a cloud computing service in which a public cloud provider isolates a specific portion of their public cloud infrastructure to be provisioned for private use by an enterprise. The rising demand for low-cost maintenance, return on investment, and easy installations is driving the virtual private cloud market growth. Lack of awareness regarding the benefits of VPC adoption is forecast to remain a major challenge for industry participants.
The prominent virtual private cloud market players are focusing on strategic alliances to enhance their VPC capabilities. For instance, in May 2019, IBM completed the acquisition of Red Hat for USD 34 billion. The acquisition will help IBM to improve its market share in the virtual private cloud (VPC) market. It will also increase its revenue generation as Red Hat’s version of the open-source Linux operating system runs on many clouds, including those from Google and Microsoft. Some of the major players operating in the market are Alibaba Group Holding Limited, Atos SE, AWS, CenturyLink, Inc., Cisco Systems, Inc., Dell Technologies, Huawei Technologies Co. Ltd., IBM Corporation, NetApp, Inc., Oracle Corporation, OVH, Rackspace Inc, SAP SE, and VMware, Inc.
North America held major share in the virtual private cloud market in 2018 and is anticipated to maintain its position over the forecast timeline. The presence of prominent market players such as Microsoft, IBM, and Amazon in the region is supporting the market growth. The shift of enterprises towards emerging technologies to increase their revenue generation is anticipated to support the VPC market growth. Asia Pacific is slated to grow at a significant CAGR over the forecast timeline due to the rapid economic growth in China and India.
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The Virtual Private Cloud Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2014 to 2025, for the following segments:
By Organization Size, 2014-2025 (USD Million)
• Small and Medium Enterprises (SMEs)
• Large enterprises
By Component, 2014-2025 (USD Million)
• Training & Consulting
• Integration & Deployment
• Support & Maintenance
• Managed Services
Virtual Private Cloud Market, By Delivery Model, 2014-2025 (USD Million)
• Software as a service (SaaS)
• Platform as a service (PaaS)
• Infrastructure as a service (IaaS)
Virtual Private Cloud (VPC) Market, By End Use, 2014-2025 (USD Million)
• IT & Telecom
• Media & Entertainment
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