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.
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. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key industry players – 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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The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
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