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Market Overview:
The Cloud VPN Market size is estimated to
reach $45.6 billion by 2030, growing at
a CAGR of 23.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Cloud
VPN Market – By Organization Size (Large Enterprises & Small
& Medium-Sized Enterprises), By Type (Software and Services [Integration,
Support & Maintenance, Training & Consulting]), By Connectivity Type
(Site-To-Site and Remote Access), By End-User (Service Providers, Telecom &
IT, Government & Public Utilities, Healthcare, Manufacturing, Retail and
Others), By Geography - Global Opportunity Analysis & Industry Forecast,
2024-2030”
Expansion of global business operations boosts demand for cloud
VPNs and Improved internet infrastructure supports cloud VPN deployment are fueling
the growth of the Cloud VPN industry during the forecast period.
North America Dominated
the Market in 2023:
North America dominates the Cloud
VPN Market in 2023. Increasing demand for
secure and scalable remote access solutions across various industries drive the
Cloud VPN market in North America. As organizations adopt hybrid work models,
the need for robust cybersecurity measures has become paramount, fueling the
demand for cloud-based VPNs. The region's advanced IT infrastructure and the
growing trend of cloud migration further support the adoption of Cloud VPN
services. Additionally, regulatory requirements related to data protection and
privacy are pushing businesses to invest in secure networking solutions, making
Cloud VPNs an essential component of their cybersecurity strategies in North
America.
Cloud VPN Market: Key Takeaways
Growth
in Cloud Service Adoption:
The growing adoption of cloud services by enterprises has been a
major driver for the Cloud VPN market. As businesses migrate their
infrastructure and applications to the cloud, the need for secure and efficient
connectivity solutions becomes paramount. Cloud VPNs facilitate seamless
integration with cloud environments, ensuring secure data transmission and
access to cloud-based resources. This trend is further accelerated by the
benefits of cloud computing, such as cost efficiency, scalability, and
flexibility, making Cloud VPNs essential for organizations embracing digital
transformation.
For More Queries About "Cloud VPN Market " @ https://www.industryarc.com/pdfdownload.php?id=500927
Rising
Cybersecurity Threats:
The increasing prevalence of cybersecurity threats is a key driver
for the Cloud VPN market. The Internet Crime Report for 2023 highlighted a
significant rise in ransomware incidents, with over 2,825 complaints—an 18%
increase from the previous year. Reported financial losses surged by 74%, from
$34.3 million to $59.6 million. As cyberattacks grow more sophisticated and
frequent, organizations are focusing on robust security measures to safeguard
their data and networks. Cloud VPNs provide critical security features such as
encryption and secure tunneling, protecting sensitive information from
unauthorized access. The heightened awareness of cybersecurity risks and
stringent data protection regulations are driving the demand for Cloud VPNs,
making them essential for modern security infrastructures.
Scope
of the Report:
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
23.7% |
|
Market Size in 2030 |
$45.6 billion |
|
Segments Covered |
By Organization Size,
By Type, By Connectivity Type, By End-User, and By Geography |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany,
France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific
(China, Japan, South Korea, India, Australia & New Zealand and the Rest
of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest
of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
1.
Google Inc. 2.
Microsoft Corporation 3.
Huawei Technologies Co., Ltd. 4.
Oracle Corporation 5.
Cisco Systems, Inc. 6.
Cohesive Networks LLC. 7.
NCP engineering GmbH 8.
Robustel 9.
NTT Global Networks 10. Singapore Telecommunications Limited |
Recent Developments:
- In November 2023, EnGenius Technologies Inc. introduced the EnGenius Cloud SecuPoint VPN Client, a solution designed for seamless, secure connectivity across devices with flexible licensing. Leveraging the EnGenius Cloud, it simplifies setup and management, addressing remote work challenges effectively.
- In June 2023, Flexential has introduced a new Layer 3 VPN (L3VPN) multipoint service for its Interconnection Mesh, enhancing colocation-to-cloud connections with secure, scalable options. This addition to Flexential’s FlexAnywhere® platform simplifies large-scale deployments and connectivity across its extensive data center network.
Cloud VPN Market: Competitive Landscape
Key companies profiled in the Cloud VPN Market are Google Inc., Microsoft
Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, Cisco Systems,
Inc., Cohesive Networks LLC., NCP engineering GmbH, Robustel, NTT Global
Networks, Singapore Telecommunications Limited and Others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727