[333 Pages Report] The virtual private cloud market is anticipated to have a steady CAGR of 12.8% during the period 2022 to 2032.
The virtual private cloud market share is predicted to grow from US$ 38.8 Billion in 2022 to US$ 129.6 Billion in 2032. Previously, the demand for virtual private cloud was thriving at a higher CAGR of 23.3% (2016 to 2021), resulting in a market size of US$ 31.6 Billion in 2021.
The rising demand for simple installation and low-cost disaster recovery solutions, as well as the growing adoption of virtual private cloud among small and medium businesses, are driving the virtual private cloud market's growth over the forecast period. However, in some countries, weak internet infrastructure may limit the demand for virtual private cloud business. Furthermore, the growing IoT market is expected to open up new prospects in the virtual private cloud market.
Attributes | Details |
---|---|
Virtual Private Cloud Market CAGR (2022 to 2032) | 12.8% |
Virtual Private Cloud Market Size (2022) | US$ 38.8 Billion |
Virtual Private Cloud Market Size (2032) | US$ 129.6 Billion |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
As per the virtual private cloud market analysis, the prolonged COVID-19 problem has had catastrophic consequences on the global economy, as well as a slew of trade restrictions and supply chain disruptions affecting hundreds of enterprises. However, because of the increase in remote working and digitization in businesses, it proved to be a potential booster for the virtual private cloud sector.
According to the virtual private cloud market study, private cloud services are heavily reliant on meeting the demand for increased data security and disaster recovery. This is leading to a faster recovery of the virtual private cloud market from the Covid era.
The growing need for businesses to have a safe environment for cloud mobility has resulted in a surge in the adoption of virtual private cloud services. SMEs are also using a huge number of private clouds for the organization's security in order to boost income opportunities. Many industries have begun to embrace the growing need for agility and automation. This is changing the virtual private cloud market outlook drastically.
The rapid increase in demand from small and medium enterprises, the increasing adoption of cloud-based services by large enterprises across various industry verticals, and the increased number of data breaches over a network, which is primarily due to unauthorized access by third parties, are some of the key factors driving the adoption of virtual private cloud.
Poor internet infrastructure in some nations may provide a hindrance to the growth of demand for virtual private clouds. The growth of the Internet of Things is likely to open up chances for the virtual private cloud business.
The virtual private cloud market has grown as the demand for security, IT modernization, agility, automation of manual processes, and rising cost reductions has increased. On the contrary, a scarcity of professionals is limiting the virtual private cloud market expansion.
Governments have been heavily investing in digitizing their operations in order to boost productivity and save costs through effective management methods, resulting in the widespread adoption of virtual private clouds among businesses. Furthermore, fast-evolving digitization business models such as as a service have considerably aided product innovation and development among virtual private cloud providers worldwide.
Virtual Private Cloud Market:
Attributes | Virtual Private Cloud Market |
---|---|
CAGR (2022 to 2032) | 12.8% |
Market Value (2026) | US$ 58.9 Billion |
Growth Factor | The growing government investments in the industry are changing the virtual private cloud market outlook. |
Opportunity | Demand from small and medium businesses is continually growing and increasing the adoption of virtual private cloud. |
Key Trends | The major North American countries likely to contribute to the virtual private cloud market are the USA and Canada where the trends are increasingly shifting in favour of virtual private cloud. |
Cloud Computing Market:
Attributes | Cloud Computing Market |
---|---|
CAGR (2022 to 2032) | 16.3% |
Market Value (2026) | US$ 947.3 Billion |
Growth Factor | Reduced infrastructural and warehousing costs result in a higher return on investment and are thus driving the market growth rate. |
Opportunity | Hybrid cloud services are becoming more popular and creating new opportunities for the market to develop. |
Key Trends | Cloud use is likely to rise in industries where the WFH effort is assisting with enterprise business activities. |
Industrial Robotics Market:
Attributes | Industrial Robotics Market |
---|---|
CAGR (2022 to 2032) | 12.3% |
Market Value (2026) | US$ 75.3 Billion |
Growth Factor | The post-pandemic initiatives by governments and public-private companies are the leading drivers of the market. |
Opportunity | The electronics industry is becoming increasingly automated which is changing the market outlook. |
Key Trends | Demand for collaborative robots is predicted to rise across all industries, promoting the adoption of automation and industrial robotics. |
The virtual private cloud market analysis describes a virtual private cloud as a private cloud that runs on top of a public cloud. It makes use of virtual data isolation as well as a corporate firewall, and the cloud provider manages the cloud. The cloud provider dedicates a portion of its public cloud infrastructure to a virtual private cloud, allowing users to benefit from the benefits of a virtualized network while keeping their data separate from that of other public cloud users. The virtual private cloud market trends are changing positively, and the market players are leveraging this window of opportunity.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The virtual private cloud market is divided into banking, financial services and insurance, IT and telecom, government and defense, healthcare, media and entertainment, retail, manufacturing, and others, by vertical.
With the rise in real-time mobile payment services, the BFSI virtual private cloud industry is expected to witness the most widespread use of the virtual private cloud. Various customer-centric models have emerged as a result of the increased need for streamlined transactions. The expanding presence of digitalization activities, as well as growing worries about data storage, recovery, and cybersecurity in BFSI businesses, is projected to boost the demand for virtual private clouds.
The virtual private cloud market is divided into large and small enterprises as per the organization size. As per the virtual private cloud market analysis, because of the growing volume of data and the increased need for effective storage and management, major organizations are predicted to bring substantial recompense to the VPC sector, based on their size.
Large enterprises have led the way for enhanced flexibility by running many applications. Virtual private cloud solutions not only increase performance when implementing resource-intensive applications but also save money. The growing trend of organizational mobility is anticipated to help the virtual private cloud market grow even faster.
During the projected period, North America is expected to have the biggest virtual private cloud market share.
The existence of multiple businesses supplying and the rising adoption of virtual private cloud has made the region an established market. The key reasons driving cloud computing usage in North America are organizations' shifts toward innovative technologies and the rising adoption of digital business strategies. The market in North America is likely to be driven by enterprises' rising budget allocation for cloud services. The major North American countries likely to contribute to the virtual private cloud market are the USA and Canada.
The development in technological transformation projects and strong economic advancements in China and India are likely to produce significant revenue for the virtual private cloud business in the Asia Pacific due to the high rates of adoption of virtual private cloud in the region.
Regions | CAGR (2022 to 2032) |
---|---|
United States | 12.5% |
United Kingdom | 11.8% |
China | 12.1% |
Japan | 11.0% |
South Korea | 10.3% |
In order to strengthen their competitive position and global presence, virtual private cloud market players are actively pursuing strategic collaborations, including mergers and acquisitions, as well as working on incorporating the latest technology into their services to come up with innovations. The virtual private cloud market is highly competitive.
Some of the recent developments in the virtual private cloud market are:
In February 2021, IBM and Vodafone partnered to launch Vodafone Virtual Private Cloud, a new private cloud platform designed to help Vodafone's Portuguese enterprise clients with scalability, efficiency, and security.
Dell Technologies unveiled Project Apex, a new private cloud service, in February 2021. Dell Technologies Cloud Platform is likely to enable clients to scale up or down their IT infrastructures as a result of the launch.
The virtual private cloud market is projected to have a CAGR of 12.8% in 2032.
North America is the leading region, with an anticipated CAGR of 12.5% by 2032.
Banking, financial services and insurance segment in the virtual private cloud market is projected to lead the market with a CAGR of 11.5% by 2032.
The virtual private cloud market is predicted to grow US$ 129.6 Billion by 2032.
Software segment leads the market with the projected CAGR of 11.8% by 2032.
1. Executive Summary | Virtual Private Cloud Market 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Virtual Private Cloud 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Million) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background 4.1. Management Market, by Key Countries 4.2. Management Market Opportunity Assessment (US$ Million) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in Optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Growth in Automation, By Country 4.5.3. Management Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Management Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032 6.1. Historical Market Analysis, 2015 to 2021 6.2. Current and Future Market Projections, 2022 to 2032 6.3. Y-o-Y Growth Trend Analysis 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Organization Size 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Organization Size, 2015 to 2021 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Organization Size, 2022 to 2032 8.3.1. Small and Medium-Sized Enterprises 8.3.2. Large Enterprises 8.4. Market Attractiveness Analysis By Organization Size 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Vertical 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By Vertical, 2015 to 2021 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Vertical, 2022 to 2032 9.3.1. Banking, Financial Services, and Insurance 9.3.2. IT and Telecom 9.3.3. Government and Defense 9.3.4. Healthcare 9.3.5. Media and Entertainment 9.3.6. Retail 9.3.7. Manufacturing 9.3.8. Others 9.4. Market Attractiveness Analysis By Vertical 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Component 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) Analysis By Component, 2015 to 2021 10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Component, 2022 to 2032 10.3.1. Software 10.3.2. Services 10.3.2.1. Training and Consulting 10.3.2.2. Integration and Deployment 10.3.2.3. Support and Maintenance 10.3.2.4. Managed Services 10.4. Market Attractiveness Analysis By Component 11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region 11.1. Introduction 11.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021 11.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. Asia Pacific 11.3.5. Middle East and Africa (MEA) 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 12.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 12.4.1. By Country 12.4.1.1. United States of America 12.4.1.2. Canada 12.4.1.3. Rest of North America 12.4.2. By Organization Size 12.4.3. By Component 12.4.4. By Vertical 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Organization Size 12.5.3. By Component 12.5.4. By Vertical 13. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 13.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 13.4.1. By Country 13.4.1.1. Brazil 13.4.1.2. Mexico 13.4.1.3. Rest of Latin America 13.4.2. By Organization Size 13.4.3. By Component 13.4.4. By Vertical 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Organization Size 13.5.3. By Component 13.5.4. By Vertical 14. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 14.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 14.4.1. By Country 14.4.1.1. Germany 14.4.1.2. France 14.4.1.3. United Kingdom 14.4.1.4. Italy 14.4.1.5. Benelux 14.4.1.6. Nordic Countries 14.4.1.7. Rest of Europe 14.4.2. By Organization Size 14.4.3. By Component 14.4.4. By Vertical 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Organization Size 14.5.3. By Component 14.5.4. By Vertical 15. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 15.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 15.4.1. By Country 15.4.1.1. China 15.4.1.2. Japan 15.4.1.3. South Korea 15.4.1.4. Rest of Asia Pacific 15.4.2. By Organization Size 15.4.3. By Component 15.4.4. By Vertical 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Organization Size 15.5.3. By Component 15.5.4. By Vertical 16. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 16.4. Market Size (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 16.4.1. By Country 16.4.1.1. GCC Countries 16.4.1.2. South Africa 16.4.1.3. Turkey 16.4.1.4. Rest of Middle East and Africa 16.4.2. By Organization Size 16.4.3. By Component 16.4.4. By Vertical 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Organization Size 16.5.3. By Component 16.5.4. By Vertical 17. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032 17.1. Introduction 17.1.1. Market Value Proportion Analysis, By Key Countries 17.1.2. Global Vs. Country Growth Comparison 17.2. US Market Analysis 17.2.1. Value Proportion Analysis by Market Taxonomy 17.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.2.2.1. By Organization Size 17.2.2.2. By Component 17.2.2.3. By Vertical 17.3. Canada Market Analysis 17.3.1. Value Proportion Analysis by Market Taxonomy 17.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.3.2.1. By Organization Size 17.3.2.2. By Component 17.3.2.3. By Vertical 17.4. Mexico Market Analysis 17.4.1. Value Proportion Analysis by Market Taxonomy 17.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.4.2.1. By Organization Size 17.4.2.2. By Component 17.4.2.3. By Vertical 17.5. Brazil Market Analysis 17.5.1. Value Proportion Analysis by Market Taxonomy 17.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.5.2.1. By Organization Size 17.5.2.2. By Component 17.5.2.3. By Vertical 17.6. Germany Market Analysis 17.6.1. Value Proportion Analysis by Market Taxonomy 17.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.6.2.1. By Organization Size 17.6.2.2. By Component 17.6.2.3. By Vertical 17.7. France Market Analysis 17.7.1. Value Proportion Analysis by Market Taxonomy 17.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.7.2.1. By Organization Size 17.7.2.2. By Component 17.7.2.3. By Vertical 17.8. Italy Market Analysis 17.8.1. Value Proportion Analysis by Market Taxonomy 17.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.8.2.1. By Organization Size 17.8.2.2. By Component 17.8.2.3. By Vertical 17.9. BENELUX Market Analysis 17.9.1. Value Proportion Analysis by Market Taxonomy 17.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.9.2.1. By Organization Size 17.9.2.2. By Component 17.9.2.3. By Vertical 17.10. UK Market Analysis 17.10.1. Value Proportion Analysis by Market Taxonomy 17.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.10.2.1. By Organization Size 17.10.2.2. By Component 17.10.2.3. By Vertical 17.11. Nordic Countries Market Analysis 17.11.1. Value Proportion Analysis by Market Taxonomy 17.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.11.2.1. By Organization Size 17.11.2.2. By Component 17.11.2.3. By Vertical 17.12. China Market Analysis 17.12.1. Value Proportion Analysis by Market Taxonomy 17.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.12.2.1. By Organization Size 17.12.2.2. By Component 17.12.2.3. By Vertical 17.13. Japan Market Analysis 17.13.1. Value Proportion Analysis by Market Taxonomy 17.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.13.2.1. By Organization Size 17.13.2.2. By Component 17.13.2.3. By Vertical 17.14. South Korea Market Analysis 17.14.1. Value Proportion Analysis by Market Taxonomy 17.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.14.2.1. By Organization Size 17.14.2.2. By Component 17.14.2.3. By Vertical 17.15. GCC Countries Market Analysis 17.15.1. Value Proportion Analysis by Market Taxonomy 17.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.15.2.1. By Organization Size 17.15.2.2. By Component 17.15.2.3. By Vertical 17.16. South Africa Market Analysis 17.16.1. Value Proportion Analysis by Market Taxonomy 17.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.16.2.1. By Organization Size 17.16.2.2. By Component 17.16.2.3. By Vertical 17.17. Turkey Market Analysis 17.17.1. Value Proportion Analysis by Market Taxonomy 17.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 17.17.2.1. By Organization Size 17.17.2.2. By Component 17.17.2.3. By Vertical 17.17.3. Competition Landscape and Player Concentration in the Country 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies 18.2. Market Concentration 18.3. Market Share Analysis of Top Players 18.4. Market Presence Analysis 18.4.1. By Regional Footprint of Players 18.4.2. Product Footprint by Players 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking 19.3. Competition Deep Dive 19.3.1. Google 19.3.1.1. Overview 19.3.1.2. Product Portfolio 19.3.1.3. Sales Footprint 19.3.1.4. Strategy Overview 19.3.2. Microsoft 19.3.2.1. Overview 19.3.2.2. Product Portfolio 19.3.2.3. Sales Footprint 19.3.2.4. Strategy Overview 19.3.3. Alibaba 19.3.3.1. Overview 19.3.3.2. Product Portfolio 19.3.3.3. Sales Footprint 19.3.3.4. Strategy Overview 19.3.4. OVH 19.3.4.1. Overview 19.3.4.2. Product Portfolio 19.3.4.3. Sales Footprint 19.3.4.4. Strategy Overview 19.3.5. Huawei 19.3.5.1. Overview 19.3.5.2. Product Portfolio 19.3.5.3. Sales Footprint 19.3.5.4. Strategy Overview 19.3.6. Rackspace 19.3.6.1. Overview 19.3.6.2. Product Portfolio 19.3.6.3. Sales Footprint 19.3.6.4. Strategy Overview 19.3.7. AWS 19.3.7.1. Overview 19.3.7.2. Product Portfolio 19.3.7.3. Sales Footprint 19.3.7.4. Strategy Overview 19.3.8. CenturyLink 19.3.8.1. Overview 19.3.8.2. Product Portfolio 19.3.8.3. Sales Footprint 19.3.8.4. Strategy Overview 19.3.9. DXC 19.3.9.1. Overview 19.3.9.2. Product Portfolio 19.3.9.3. Sales Footprint 19.3.9.4. Strategy Overview 19.3.10. Atos 19.3.10.1. Overview 19.3.10.2. Product Portfolio 19.3.10.3. Sales Footprint 19.3.10.4. Strategy Overview 20. Assumptions and Acronyms Used 21. Research Methodology
Recommendations
Explore Technology Insights
View Reports