Cloud VPN Market – Global Industry Analysis and Forecast (2023-2029)

Global Cloud VPN Market size was valued at US$ 9.15 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 22.30% from 2023 to 2029, reaching nearly US$ 37.48 Bn.
Cloud VPN Market Overview:
The Cloud VPN Market is expected to reach US$ 37.48 Bn. by 2029. Cloud VPN establishes a secure IPsec VPN connection between your peer network and your Virtual Private Cloud (VPC) network. This report focuses on the different segments of the Cloud VPN market (Component, Connectivity Type, Organization Size, Vertical, and Region). The major industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advancements in a variety of industries. The major data analysis for the historical era from 2018 to 2022 is presented using facts and numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Cloud VPN are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Cloud VPN market.

To know about the Research Methodology:- Request Free Sample Report
Cloud VPN Market Dynamics:
The current trend is to embrace mobile technology in order to create a more flexible environment. As a result, corporate mobility is being used in numerous businesses to make work and operational procedures more flexible. In addition, the majority of employees choose to work outside of their principal workplace, according to a 2021 IWG (International Workspace Group) survey. Furthermore, more than 82 percent of organisations in the United States are using flexible working as a way to improve work-life balance. Furthermore, 45 percent of workers are concerned about data security when working remotely, necessitating the use of cloud-based services. As a result, as employee demand for corporate mobility grows, so does the demand for cloud-based solutions and services to keep data secure in enterprise mobility. As a result, the cloud VPN market is expected to be driven by the increasing use of enterprise mobility.

The industries embrace digitalization, this is contributing to an increase in the use of cloud-based servers. However, the lack of technical understanding among employees to implement digitalization is providing a barrier to the cloud VPN market. Due to technological disruption, the majority of large, small, and medium businesses are moving toward digitalization. However, a shortage of experienced workers to handle digital operations is preventing many businesses from adopting cloud services. As a result, these major challenges are hindering the growth of the cloud VPN market.
Cloud VPN Market Segment Analysis:
The Cloud VPN Market is segmented by Component, Connectivity Type, Organization Size, and Vertical.

Based on the Component, the market is segmented into Software, and Services. Software segment is expected to hold the largest market share of xx% by 2029. The virtual private network (VPN) software allows users to select their own internet protocol (IP). VPN software also allows users to unblock websites, bypass restrictions and local blackouts, and watch live events, all of which contribute to the demand for cloud VPN technology. VPN software also enhances scalability and network security, resulting in a growing demand for remote access security software. As a result, the increased adoption of private clouds is boosting the VPN software segment, which in turn is boosting the cloud VPN market.

Furthermore, the growing use of digitization in business processes exposes companies to the risk of cyber-attacks, which disrupt the digitization process by affecting a specific amount of data. Because of the growing demand for security solutions and services in corporate processes, cloud-based security is becoming more popular, necessitating the use of cloud VPN services. Furthermore, as technology advances, solutions such as Software as a Service (SaaS), Platform as a Service (PaaS), and Data as a Service can now be given as services (DaaS). The cloud VPN market is growing as a result of this new breakthrough in service delivery.

Based on the Vertical, the market is segmented into Transportation and Logistics, BFSI, Education, Consumer Goods and Retail, Manufacturing, Healthcare and Life Sciences, Travel and Hospitality, Telecommunication and IT, Government and Public Sector, and Others. Telecommunication and IT segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The need for cloud VPN solutions has grown as global IT spending on enterprise software and communication services have increased. Furthermore, the increasing use of powerful devices such as phones, PCs, and other such devices is necessitating the development of flexible VPN technology. The cloud VPN market is also expected to be driven by enhanced VPN technology with software-defined WAN (SD-WAN) features that provide sophisticated network intelligence and granular reporting. Furthermore, the increasing acceptance of cloud services in virtual applications is a crucial factor driving the cloud VPN market forward.
Regional Insights:
North American region is expected to dominate the Cloud VPN Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of xx% by 2029. North America has the largest market share, owing to the presence of numerous industry participants and increased demand for the analytics platform in the region. The rise of machine-to-machine communication (M2M) has also paved the way for cloud solutions in the region, with the United States boasting one of the world's largest cloud markets. Because they operate and deploy their equipment globally, the bulk of large equipment manufacturers have local data centres for computing purposes. As a result, manufacturers require cloud VPN solutions for facility monitoring and security.

According to the IFS Digital Change Survey conducted in 2021 to measure the maturity of digital transformation in a variety of sectors like manufacturing, oil and gas, aviation, construction, and contracting, over 46% of enterprises across all industries want to invest in analytics in the country.

The objective of the report is to present a comprehensive analysis of the Global Cloud VPN Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Cloud VPN Market dynamic and structure by analyzing the market segments and projecting the Global Cloud VPN Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Cloud VPN Market make the report investor’s guide.
Cloud VPN Market Scope: Inquire before buying



Global Cloud VPN Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 9.15 Bn.


Forecast Period 2023 to 2029 CAGR:
22.30%
Market Size in 2029:
US $ 37.48 Bn.


 Segments Covered:
by Component
Software
Services


by Connectivity Type
Site-to-Site
Remote Access


by Organization Size
Large Enterprises
SMEs


by Vertical
Transportation And Logistics
BFSI
Education
Consumer Goods And Retail
Manufacturing
Healthcare And Life Sciences
Travel And Hospitality
Telecommunication And IT
Government And Public Sector
Others



Cloud VPN Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. Oracle
2. NCP Engineering
3. Array Networks
4. Robustel
5. Singtel
6. Cohesive Networks
7. Virtela
8. Contemporary Controls
9. Cisco Systems
10. Huawei
11. Microsoft
12. Google
13. ABTACH LTD
14. Aadhav Group
15. 21Vianet Group,Inc.
16. TOP Network
17. TOPNET
Frequently Asked Questions:
1] Which region is expected to hold the highest share in the Cloud VPN Market?
Ans. North America is expected to hold the highest share in the Cloud VPN Market.

2] Who are the top key players in the Cloud VPN Market?
Ans. Oracle, NCP Engineering, Array Networks, Robustel, and Singtel are the top key players in the market.

3] Which segment is expected to hold the largest market share in the Cloud VPN Market by 2029?
Ans. Software segment is expected to hold the largest market share in the market by 2029.

4] What is the market size of the Cloud VPN Market by 2029?
Ans. The market size of the market is expected to reach US $ 37.48 Bn. by 2029.

5] What was the market size of the Cloud VPN Market in 2022?
Ans. The market size of the market was worth US $9.15 Bn. in 2022.