Press release
Cloud VPN Market :Industry Forecast 2023-2032
Increase in number of smart devices is driving the demand for secure connectivity. Thereby, the demand for secure networks is on the rise among individuals across the globe. This is a major factor that boosts the adoption of cloud VPN among the IT & telecommunication sector, which in turn is expected to drive the growth of the global cloud VPN market. Proliferation of virtual appliances among various organizations to increase their product offerings is anticipated to rise in adoption of cloud. High adoption of cloud services for virtual appliances is also a major factor expected to propel the growth of the global cloud VPN market. Moreover, rise in awareness of cloud VPN benefits such as encrypted network traffic, distributed global IP addresses, deployable private servers, manage network activity, and its ability to conduct geo-targeting, and quality assurance are some factors that are further expected to drive the growth of the global market. However, dearth of technical skills is a major factor that hampers the cloud VPN market growth. Furthermore, rise in number of SME cloud-based service providers is an opportunistic factor of the global cloud VPN market.
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A virtual private network (VPN) is a technology that creates a secure and encrypted connection over a network. A VPN secures connection with encryption over the Internet. VPN service providers offer services such as super-fast, reliable, and ultra-secure connectivity, strong encryption, and others. VPN services delivered through a cloud-based network infrastructure are known as cloud VPN. It is widely used to deliver VPN access to end users and subscribers with diverse geographies through a cloud platform over the public Internet. Hence, owing to the aforementioned factors, the global cloud VPN market is anticipated to experience significant growth.
Cloud VPN is also known as virtual private network as a service (VPNaaS) or hosted VPN. The primary objective of a cloud VPN is to provide same level security accessible VPN services without the need for additional or any VPN infrastructure on the user's end. Cloud VPN connectivity services are provided to the end user through the provider's website or a desktop or mobile app. Also, the pricing of cloud VPN services vary as it charges the customer based on pay-per-usage or a flat-fee subscription. That is, end users are charged based on the amount of storage, hardware, network, and other resources that are utilized.
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The global cloud VPN market is segmented based on component, connectivity type, enterprise size, industry vertical, and region. Based on component, it is bifurcated into software and services. Based on connectivity type, it is categorized into site-to-site and remote access. Based on enterprise size, it is divided into large enterprises and small & medium sized enterprises (SMEs). Based on industry vertical, it is divided into energy & utilities, retail & e-commerce, government & defense, media & entertainment, medical & life sciences, IT & telecommunications, transportation & logistics, banking, financial services & insurance (BFSI), and others.
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Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. This report provides the profiles of the key players in the global cloud VPN market, which include Cisco Systems, Inc., Huawei Technologies Co. Ltd., Microsoft Corporation, Google LLC, Oracle Corporation, NCP Engineering GmbH, Array Networks, Inc., Robustel, Singtel Telecommunications Limited, Cohesive Networks, Virtela Technology Services Incorporated (NTT Communications Company), and Contemporary Controls Systems, Inc.
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Key Benefits For Stakeholders
● The study provides an in-depth analysis of the global cloud VPN market along with the current trends and future estimations to elucidate the imminent investment pockets.
● Information about key drivers, restraints, and opportunities and their impact analysis on the global cloud VPN market size is provided.
● Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the global cloud VPN industry.
● The quantitative analysis of the global cloud VPN market is provided to determine the market potential.
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