Virtual Private Cloud Market Analysis, Emerging Technology, Sales Revenue and Comprehensive Research Study Till 2027
Market Highlights
The increased availability of public cloud
infrastructure by providers is expected to increase the implementation of
virtual private cloud. The escalated implementation of virtual private clouds
in small and medium enterprises and large enterprises is expected to strengthen
the growth of the market in the forecast period. Furthermore, factors such as
inexpensive disaster recovery solutions and uncomplicated installation are
expected to further provide opportunities for growth in the virtual private
cloud market.
The growing need to operate in an isolated section of
the cloud infrastructures globally is expected to spur the demand for virtual
private cloud. Market reports linked to information and communication
technology industry have been offered by Market Research Future which makes
reports on other industry verticals that aims to study the current market
scenarios better. The market is projected to accomplish revenues worth USD 50
Billion while expanding at a CAGR of 26% in the duration of the forecast
period.
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Regional Analysis
The regional analysis of virtual private cloud market
includes regions such as Asia Pacific, North America, Europe and Rest of the
World. It has been detected that the North American region is estimated to
account for the largest share of the market followed by the European region,
while the Asia Pacific region is expected to develop at the fastest rate
throughout the forecast period. The foremost growth in virtual private cloud
market observed in North America is attributed to the technical advancements
and the presence of a well-established infrastructure in the region.
Segmentation:
The segmental
analysis of the virtual private cloud market is carried out on the basis of
delivery model, organization size, region and vertical. The segmentation of the
delivery model segment of the virtual private cloud market comprises of
software delivery model, infrastructure delivery model, platform delivery
model, and others. On the basis of organization size, the virtual private cloud
market is segmented into small & medium businesses (SMBs), small medium
enterprises (SMEs) and large enterprises. On the basis of vertical, the virtual
private cloud market is segmented into manufacturing, BFSI, healthcare, media
& entertainment, government, IT & telecommunication, and others. The
regions counted in the virtual private cloud market are Asia Pacific, North
America, Europe and Rest of the World.
Competitive Analysis
The market competitors find themselves in a promising
position with the capacity to handle the pace of change. The contestants are
dynamically addressing the challenges to growth and are creating strategies
that can have the best overall effect on the market's development. The
competitive outlook for the market is projected to diversify extensively in the
coming period. The developments in the market are likely to be fuelled by the
rise in investments and product inventions. The market influencers are taking
an interest in the making of strong value chains that can yield increased
profits. The prospects for growth in the market have ample room for growth in
the forecast period. The perceived propensity for the market’s growth has
improved following the accessibility to positive aspects in the market.
The eminent contenders in the virtual private cloud
market globally are HP (U.S.), IBM Corporation (U.S.), Microsoft Corporation
(U.S.), NetApp, Inc. (U.S.), Amazon Web Services (U.S.), VMware, Inc. (U.S.),
Oracle (U.S.), Google, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Red Hat, Inc.
(U.S.) among others.
Industry Updates:
Feb 2019 Westpac is establishing a virtual private
cloud on Microsoft Azure, which will become an infrastructure option in its
hybrid platform-as-a-service or HPaaS. The HPaaS is in due course anticipated
to host between 60 and 70 percent of workloads on any private or public cloud,
with the remnants to stay hosted on-premises. Clients will also soon be
presented with a second infrastructure choice, in the type of the Azure-based
virtual private cloud.
Feb 2019 Equifax is implementing a common data fabric
built on Google Cloud Platform's virtual private cloud environment; moving
customer-supporting services and applications to a cloud native, public cloud
environment; and moving corporate applications to SaaS services and the public
cloud.
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Virtual
Private Cloud Market, By Delivery Model (Software, Platform, Infrastructure),
By Organization Size (SMBs, SMEs, Large Enterprises) and By Vertical (BFSI,
Manufacturing, IT & Telecommunication, Healthcare and Government) -
Forecast 2023
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