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Virtual Private Server Market: What are the Future Growth Opportunities? Top Players: Amazon Web Services (AWS), DigitalOcean, DreamHost, Endurance International Group, GoDaddy, Linode, Liquid Web, Namecheap, Inc
Asia Pacific virtual private server market is anticipated to witness a CAGR of more than 20% over the forecast timespan. Many government agencies in the region are extensively supporting virtualized data centers in developing countries like India and China. Subsequently, small and medium scale enterprises are eventually turning to virtual applications for deploying new functionalities more rapidly, allowing them to operate at a faster pace. The growing number of SMEs with access to advanced virtual networks in emerging economies will be a leading factor propelling the virtual private server market revenues.For instance, in 2018 GoDaddy had unveiled its future generation VPS, which is a high performance managed to host solution specifically designed for web professionals in India. Such initiatives could pave the way for more managed VPS services to emerge in the coming years, supporting higher wireless capacity server and faster speeds across the country. Adoption of VPS by the regional healthcare players would also generate massive demand for APAC virtual private server market.
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Using a virtual private network (VPN) organizations can attain online privacy and anonymity by creating a private network from a public internet connection. The technology efficiently masks the user's internet protocol (IP) address making online actions virtually untraceable. VPN services also establish a secure and encrypted connection to provide users with greater privacy than a secured Wi-Fi hotspot, thereby expanding the scope of virtual private network market.
Affordable mobile and wireless devices and cheaper and faster internet and Wi-Fi plans within homes and organizations will emerge as two of the most pivotal factor driving virtual private server market. Several private and public organizations are now using mobile devices, such as smartphones, laptops and tablets for business related applications such as sales, marketing, business relations and transactions. Surfing the web or transacting on an unsecured Wi-Fi network could make businesses unsafe as sensitive and confidential data could be visible by hackers or cybercriminals. For instance, on 22nd January 2019, Belgian metal manufacturer, Nyrstar was hit by a cyber-attack. Reportedly, the company, in a bid to contain the issue, had to shut down some of its IT systems, including email. The rising prominence of the internet and the massive penetration of smart electronic components thus demand the necessity of a secure network, impacting virtual private server market trends.
Cloud-based VPN provides security and compliance to networks that have transitioned to the public cloud, in addition to delivering globally available VPN access to end users and subscribers through a cloud platform over the public Internet. The commercial application sectors comprising BFSI, healthcare, IT & Telecom, utility, manufacturing, and government will certainly experience added security and privacy owning to cloud VPN, thereby influencing the industry share.
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The key players operating in the VPN market include Avast Software s.r.o, Checkpoint Software Technologies, Citrix Systems, Inc., Cisco Systems, Inc., Cyber Ghost, Express VPN International Ltd., IBM Corporation, Juniper Networks, Inc., Opera Software and WatchGuard Technologies, Inc. VPN providers, it has been observed, are providing their customers with discounts and special offers to expand their customer base. For instance, in December 2018, ExpressVPN announced its Christmas plan that offered a 12-month subscription plan down to $6.67 per month with additional 3 months, allowing users with a saving of 49% on prior plan. Rising rivalry has also encouraged providers to form alliances with similar companies which will further augment the growth of virtual private server market.
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