Information Communication and Technology Reports Cloud VPN Industry Research Report

Cloud VPN Market size is expected to grow from USD 2.77
Billion in 2016 to USD 8.78 Billion by 2022, at a CAGR of 22.0%
According to a new market research report” Cloud VPN Market by Component (Software and Services),
Connectivity Type (Site-to-Site and Remote Access), Organization Size (Large Enterprises and SMEs), End User
(Service Providers and Verticals), and Region - Global Forecast to 2022", published by MarketsandMarkets™, The
cloud VPN market size is expected to grow from USD 3.25 Billion in 2017 to USD 8.78 Billion by 2022, at a
Compound Annual Growth Rate (CAGR) of 22.0%.
The growing adoption of it is seen through a high demand for virtual appliances or technologies in the field of
networking, application delivery, and security products. Also, an increasing demand for cloud-based solutions is
expected to drive the cloud VPN market over the next 5 years.
Browse and in-depth TOC on “Cloud VPN Market”
63 - Tables
32 - Figures
111 - Pages
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Major Key Companies:
The cloud VPN market ecosystem comprises key vendors, such as Cisco Systems (US), Microsoft Corporation (US),
Google (US), NCP engineering (Germany), Huawei Technologies (China), Robustel (China), Oracle (US),
Contemporary Controls (US), Virtela (US), Singtel (Singapore), Cohesive Networks (US), and Array Networks (US).
The objectives of the report are to define, describe, and forecast the market size on the basis of component,
connectivity type, organization size, and region. In market by components, the software segment is projected to
hold the largest market share in the market during the forecast period. The cloud VPN services segment is
expected to grow at a higher CAGR during the forecast period.
In the cloud VPN connectivity type, the remote access cloud VPN is expected to hold the largest market share
during the forecast period. This is due to the high adoption rate of mobile devices and Bring Your Own Device
(BYOD) trends among organizations. In the organization size segmentation, the SMEs segment is expected to grow
at a higher CAGR, due to the large-scale adoption of cloud VPN solutions and cost effectiveness and centralized
management capabilities during the forecast period
In the cloud VPN Market, the verticals segment is expected to grow at the highest rate during the forecast period.
This is due to the preference to purchase the cloud VPN solutions and services directly from software vendors
without relying on third-party service vendors. In the verticals end-user segment, the government and public
utilities sector is expected to grow at the highest CAGR, while the telecom and IT sector is estimated to have the
largest market share.
North America is expected to hold the largest market share in the cloud VPN market during the forecast period.
This is due to the presence of many business enterprises seeking for a secure mode of communication present on
the cloud. The inclination of an organization toward cloud-managed technologies has given a thrust to the market,