Cloud VPN Market Research Report Includes Size, Capacity, Production, Revenue, Gross Margin, Forecast 2021 to 2030

In a recent published report, Kenneth Research has updated the market report for Cloud VPN Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit, and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud VPN Market products.

The Cloud VPN Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

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Cisco Systems, Inc., Microsoft Corporation, Google, Inc., NCP Engineering, Huawei Technologies Co., Ltd., Robustel, and Oracle Corporation are a few major players in the global cloud VPN market. Increasing adoption of cloud VPN solutions in IT and telecommunication industry vertical is fuelling the market growth. Increasing popularity of bringing your device and growing adoption of mobile devices is one major factor responsible for fuelling the market growth. Also, growing demand for secure remote access is another factor driving the growth of global cloud VPN market.

in the connectivity segment, remote access connectivity is expected to hold the largest market share of the global cloud VPN market. This is owing to the growing popularity of bring your device and increasing adoption of mobile devices across organizations. Whereas, by organization size, the SMEs sub-segment is expected to grow at the highest rate during the forecast period. This is due to the centralized management capabilities and cost-effectiveness offered by cloud VPN solutions, owing to which they are increasingly being deployed by SMEs across different industry verticals.

North America holds the largest share of the market across the globe followed by Europe and Asia Pacific region. The U.S. and Canada are dominating the North America market due to rising technological enhancements and growing adoption of cloud VPN solutions in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of cloud VPN solutions across different industry verticals such as BFSI, healthcare, manufacturing among others is another factor responsible for driving the growth of the cloud VPN market in the region.Global Cloud VPN market is expected to grow at a CAGR of approximately 22% during the forecast period 2017-2023.

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Key Players

Some of the prominent players in the global cloud VPN market are Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Google, Inc. (U.S.), NCP Engineering (Germany), Huawei Technologies Co., Ltd. (China), Robustel (China), Oracle Corporation (U.S.), Contemporary Controls Systems, Inc. (U.S.), Virtela (U.S.), Singapore Telecommunications Limited (Singapore), and Cohesive Networks (U.S.) among others.

Segments

The global cloud VPN market is segmented by component, connectivity, organization size, and vertical. Based on the component, the market is segmented into software and service. The service segment is further classified into integration, support & maintenance and training and consulting. Based on the connectivity, the market is segmented into remote access and site-to-site. Based on the organization size, the market is segmented into SMEs and large enterprises. Whereas, based on vertical, the market is segmented into BFSI, healthcare, manufacturing, IT & telecommunication, retail, government, and others.

Regional Analysis

The global cloud VPN market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of the market in North America is attributed to technological advancements and increased adoption of cloud VPN applications across various industry verticals such as BFSI, healthcare, manufacturing and IT and telecommunication among others.

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Intended Audience

Technology Investors

Research/Consultancy Firms

Government Bodies

Consulting Service Providers

Technology Providers

System Integrators

Software Vendors

Service Providers

Cloud Platform Providers

Mobile Application Developers

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