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The global virtual private cloud market attained a value of around USD 55.24 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of more than 22.6% to reach USD 346.93 billion by 2032.
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Further flexibility, efficiency, lower time, and cost are expected to stimulate the demand for virtual private cloud products worldwide. The market is primarily being driven by the product’s cost-effectiveness.
A virtual private cloud enables a compliant and isolated environment that is an ideal alternative for companies to expand their on-site cloud infrastructure. It offers a safe atmosphere for mission-critical business applications because the virtual private cloud can easily address the demands of the most demanding applications at no additional cost. For applications like backup, disaster recovery, and a dev-test environment, a virtual private cloud can be deployed. Virtual private cloud is suitable for companies that are looking for high levels of security, privacy, and control, like healthcare and regulatory compliance financial institutions.
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On the basis of the component, the market can be divided into software and services.
Services can be further divided into:
The organisation size can be divided into:
The market can be broadly categorised based on its industry verticals into:
The EMR report looks into the regional markets of virtual private cloud like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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The rising volume of data and connectivity trends in enterprises has driven efficient storage and management and improved time-to-market, which will accelerate the virtual private cloud market growth in large companies. In addition, the rising demand for workers to access mobile applications and resources is increasing the complexity for businesses to store, maintain, and concentrate their data centres on their core business activities.
It is estimated that the BFSI sector is increasing at a significant CAGR over the forecast period as mobile payment services and other online transactions are increasing in real-time. Virtual private cloud services also help companies operating within the sector to further focus on the customer-centric model by creating a multi-channel relationship with customers at every stage of their services. BFSI companies quickly take digitalization initiatives to meet growing customer expectations and to sustain themselves in the highly competitive market. They operate with high data volumes that must be collected, processed, and replicated, which regularly contribute to data storage, recovery, and safety issues. Virtual private cloud systems are out-of-the-box solutions that offer private cloud advantages in a public cloud environment that provides safe intranet connectivity and data storage. Compatibility problems with legacy systems can, however, might limit the growth of the virtual private cloud industry.
The report presents a detailed analysis of the following key players in the global virtual private cloud market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Organization Size |
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| Breakup by Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global virtual private cloud market attained a value of nearly USD 55.24 billion.
The market is projected to grow at a CAGR of 22.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 346.93 billion by 2032.
The major drivers of the market such as product’s cost-effectiveness, rising volume of data and connectivity trends in enterprises, and increasing demand for workers to access mobile applications and resources are expected to aid the market growth.
The key trends guiding the growth of the virtual private cloud market include the increase in mobile payment services and other online transactions, real-time support, and surging adoption by BFSI end users.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading components of virtual private cloud in the market are software and services.
The major organization size segments of virtual private cloud in the market are small and medium-sized and large enterprises.
The major organisation sizes in the market for virtual private cloud are small and medium-sized enterprises and large enterprises.
The major players in the market are Google LLC, Microsoft Corporation, Alibaba Cloud International, Amazon Web Services, Inc., Huawei Software Technologies Co., Ltd., Rackspace Technology, Inc., Atos SE, and OVH Groupe SAS, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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