Cloud VPN Market Research Report by Forecast to 2023
Summary The growth of the market is also attributed to increasing focus on business organizations towards better management of business processes and growing dependency of enterprises on cloud-based applications. In the vpnmarket, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to increasing demand for cloud VPN services across different industry verticals such as BFSI, healthcare, manufacturing among others across different countries in the region. Also, increasing number of data center developments in the region is also expected to be another factor responsible for driving the market growth in the region.
Cloud VPN Market Research Report by Forecast to 2023
Major Key Players: • • • • • •
Cisco Systems, Inc. (U.S.) Microsoft Corporation (U.S.) Google, Inc. (U.S.) NCP Engineering (Germany) Huawei Technologies Co., Ltd. (China) Robustel (China)
Segmentation: The SMEs segment is expected to witness a strong growth during the forecast period. Small and medium sized enterprises are moving towards centralized management capabilities and cloud VPN solutions owing to cost benefits and higher efficiency of such solutions. The SMEs segment is expected to out perform the large enterprises segment during the projection period.
Regional Analysis: MRFR’s report includes a comprehensive regional analysis, which covers Asia Pacific (APAC), Europe, North America, Latin America, and the Middle East & Africa (MEA). North America accounts for significant share of the market in terms of revenue. In North America, the U.S. and Canada present attractive opportunities to market players. These countries are witnessing rapid adoption of cloud VPN solutions. Moreover, presence of advanced infrastructure is allowing a faster implementation of such technologies. Cloud VPN solutions are witnessing widespread popularity in industry verticals such as IT and telecommunication, healthcare, BFSI, manufacturing among others. Such factors are expected to support the market growth in North America throughout the assessment period. Apart from North America, Europe and Asia Pacific is also expected to remain important investment destinations over 2023.
