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, which is expected to gain further traction in this region during the forecast period. APAC is expected to grow at a highest CAGR during the forecast period, as the region has the presence of creditable organizations that are gradually enabling the adoption of advance technologies.

The increasing demand for secure remote access and increased adoption of private clouds are benefiting all the stakeholders present in the market. However, lack of governance and standardization and fear of losing control over data and protection issues are restraining factors that may hamper business critical functions in the market.

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