Global Cloud Virtual Private Network (VPN) Market Highlights Over 2022 – 2031

The global cloud virtual private network (VPN) market is estimated to grow at a ~22% CAGR over the forecast period CAGR, i.e., 2022–  2031. Moreover, the market registered a revenue of approximately USD 6.0 billion in 2021. The growth of the market can be attributed to the increase in organization’s dependence on web-based solutions and services. Moreover, the urban population is increasing leading to a surge in digitalization. Similarly, organizations are adapting digitalization transformation in their operations, which is contributing to the increase in cloud based servers. According to the World Bank, the world’s urban population percentage has increased from 47% of the total population in 2000 to 56% in 2020. Moreover, the organization can transfer their data securely through cloud VPN while protecting the data from cyberattacks.

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During the COVID-19 pandemic, organizations realized that their existing infrastructure was unable to meet the needs of a remote workforce by providing them with data securely. Therefore, organizations started shifting from hardware VPNs to cloud VPNs in order to secure remote access.

The global cloud virtual private network (VPN) market is segmented by verticals into IT and telecommunication, healthcare, manufacturing, government and, others, out of which the IT and telecommunication segment are expected to hold the largest share over the forecast period in the global cloud virtual private network (VPN) market. This can be attributed to the requirement of real-time analysis of the organizations data for better decisions making. Moreover, the organizations in IT and telecommunication segment develop a secure culture for the easy transfer of data through cloud VPN infrastructure.

Global Cloud Virtual Private Network (VPN) Market Regional Synopsis

Regionally, the global cloud virtual private network (VPN) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. On the strength of the presence of advanced technological infrastructure in organizations and cloud VPN being adopted in different verticals such as telecommunication, healthcare, manufacturing, and others, the market in the North America region is anticipated to hold the largest share by the end of 2031. Moreover, the market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of rise in digitalization owing to urbanization. As per the World Bank, the India’s population in urban areas have grown much faster than expected with 90 million new residents added in the last ten years.

Market Segmentation

Our in-depth analysis of the global cloud virtual private network (VPN) market includes the following segments:

By Organization Type

• Small & Medium Organizations

• Large Organizations

By Connectivity Type

• Site to Site

• Remote

By Verticals

• IT and Telecommunication

• Healthcare

• Manufacturing

• Government

• Others

By Component

• Services

• Software

Growth Drivers and Challenges Impacting the Growth of the Global Cloud Virtual Private Network (VPN) Market

Growth Drivers

• Increase in the organization dependence on web-based solutions and services

• Surge in digitalization among organizations

Challenges

• Lack of experienced employees to operate digital system

• Lack of standardization and governance

Key Companies Dominating the Global Cloud Virtual Private Network (VPN) Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global cloud virtual private network (VPN) market that are included in our report are Cisco Systems, Inc., Microsoft Corporation, ARRAY NETWORKS, INC., Huawei Technologies Co., Ltd., Oracle Corporation, Alphabet Inc., Cohesive Networks, Robustel, NCP engineering GmbH, Singtel, and others.

Latest Developments in the Global Cloud Virtual Private Network (VPN) Market:

• 19 November 2019: Microsoft Corporation announced a partnership with Baker Hughes Company and C3.ai, Inc., to provide enterprise artificial intelligence solutions to the energy business on Microsoft Azure, the world’s premier cloud computing platform.

• 20 April 2022: Oracle Corporation announced the release of Oracle Exadata Cloud Infrastructure X9M, the latest version of Oracle Cloud Infrastructure's most powerful Oracle Database platform (OCI).

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
• The report includes detailed company profiles of the major players dominating the market.
• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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