Virtual Private Cloud Market

Virtual Private Cloud Market is projected to exhibit a CAGR of 23.4% during forecast period, exhibiting a value of USD 90 billion by 2026, due to the growing adoption of virtual private cloud across the small and medium sized organizations owing to the efficiency, lower time and cost.

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Key Drivers

The factors which are responsible for fueling the growth of the global virtual private cloud market includes the enhanced security which allows to secure the virtual networking environment and improved performance enabling to eliminate the congestion. The data control ability preventing the mixing of data and potential risk coupled with on-demand flexibility and privacy are some factors that help in bolstering the growth of global virtual private cloud market. The low cost, easy integration, reduced time along with easy installation and eco-friendliness features will lead to the demand of virtual private cloud. With the increasing safety, agility, and automation, the need for IT modernization and automation of manual processes has increased, driving the market growth. Increasing investment by government in digitalization of their operations in order to boost productivity and save costs through effective management methods, have augmented the adoption of virtual private clouds among businesses, fueling the market growth.

The Virtual Private Cloud Market growth is also attributed to the huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, increasing number of data breaches reported around the world and improvements in the living standards. According to Surfshark, the highest number of data breaches were reported in the United States, almost 212.4 million users were affected due to data breach as compared to 174.4 million in 2020, which will accelerate the demand for virtual private cloud solutions in the coming years. Moreover, growing adoption of cloud services by small and medium organizations due to the ability of virtual private cloud solutions to reduce time, prevent from mixing of data along with rapid urbanization, are some projected to supplement Virtual Private Cloud Market. In addition, the increasing investments by leading players on research and development, strategic collaborations, and partnerships between enterprises, rise in the launch of innovative products and growing disposable incomes, are further contributing towards the market growth.

Factors which are responsible for hindering the growth of global virtual private cloud market are the challenges faced during the configuration and management of the cloud. Moreover, the low penetration of internet in some regions and the complexity of such cloud may limit the growth of the global virtual private cloud market size in the forecast period.

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Vertical Segment Analysis

BFSI end-use industry to witness a prominent CAGR over the upcoming years, owing to the rising concerns pertaining data storage, recovery, and cybersecurity. Rapid digitalization initiatives adopted by the BFSI organizations in order to cater the growing customer expectations and maintain their competitiveness in the market will drive the segment’s growth. Increasing adoption of cloud computing solutions by BFSI verticals to help them emphasize on customer-centric model by creating a multi-model relationship with customers has augmented the segment’s growth.

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Regional Analysis

North America is estimated to lead the market during the forecast period. Increasing adoption virtual private cloud technologies due to the increasing adoption of advanced technologies and the digital business strategies is forecast to drive the regional growth. A significant increase in the budget allocation for cloud services among organizations will offer enormous opportunities to the market. The strong existence of leading players which include Amazon Web Service, Inc, Cisco Systems Inc., Microsoft Corporation, rising incidences of cyber-attacks across United States and Canada, rapid industrialization, accelerating population growth rates and high per capita incomes, are some of the important factors augmenting the Virtual Private Cloud Market size in the North American region.

Increasing technological transformation projects and economic expansions in China and India are likely to produce significant revenue for the virtual private cloud business in the Asia Pacific, thus, paving the way for regional market.

Top Market Players

Various notable players in the global virtual private cloud market include Google, Microsoft Corporation, Alibaba Group Holding Limited, Amazon Web Service, Inc., CenturyLink, Cisco Systems Inc., IBM Corporation, NetApp, Rackspace US Inc, and VMware, Inc. among others.

Key Developments

• • In 2020 – GoDaddy Inc. acquired Neustar Inc’s Registry business under the name of GoDaddy Registry. The Neustar Registry business includes an extensive portfolio of top-level domains, including .biz, .co, .in, .nyc, and .us, and supports more than 215 TLDs and approximately 12 million domains. This includes its Managed Registry Services business that provides end-to-end registry management for over 130 brand TLDs and 70 generic TLDs.
  • Feb 2020 – Liquid Web, LLC, announced the launch of Acronis Cyber Backups for Dedicated Hosting, giving customers added customization and capabilities. By partnering with Acronis, Liquid Web will be able to provide its customers with reliable and easy-to-use backup solutions designed to improve recovery time, while creating more efficient uptime.

Segments covered in the Report:

The Global virtual private cloud market has been segmented on the basis of Component, Deployment Type, Organization Size, End Use and Geography. Based on component market is categorized into Software and Services. On the basis of deployment type market is segmented into Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS). Based on Organization size, market is categorized into Small and Medium Enterprises and Large Enterprises. On the basis of End Use market is categorized into BFSI, Healthcare, Media& Entertainment, IT& Telecommunication, Government, Retail and Others and by geography.

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Key questions answered in this research report:

1- At what pace is global virtual private cloud market growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global virtual private cloud market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation

By Component

• Software
• Services

By Deployment Type

• Software as a Service (SaaS)
• Platform as a Service (PaaS)
• Infrastructure as a Service (IaaS)

By Organization Size

• Small and Medium Enterprises
• Large Enterprises

By End Use

• BFSI
• Healthcare
• Media& Entertainment
• IT& Telecommunication
• Government
• Retail
• Others

By Geography

• North America
As a part of the customization
o By Component
o By Deployment Type
o By Organization Size
o By End Use
o US
o Canada

• Europe
As a part of the customization
o By Component
o By Deployment Type
o By Organization Size
o By End Use
o By
o UK
o Germany
o France

• APAC
As a part of the customization
o By Component
o By Deployment Type
o By Organization Size
o By End Use
o India
o Japan
o Rest of APAC

• ROW
As a part of the customization
o By Component
o By Deployment Type
o By Organization Size
o By End Use
o Brazil
o South Africa