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(IT-NEWSWIRE.COM, March 12, 2018 ) Research Cosmos forecasts the cloud VPN market to grow from 3.25 Billion in 2017 to USD 8.78 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.0% during the forecast period (20172022). Major factors driving the market are growing trends for virtual appliances, surge in cloud-based services, and growth in data security concerns.
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 cloud VPN 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.
Browse Market Data Tables and In-Depth TOC of the Cloud VPN Market to 2022 @ https://www.researchcosmos.com/reports/global-cloud-vpn-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/2071714
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 end-user 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.
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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 cloud VPN 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 cloud VPN 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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Major vendors in the cloud VPN market are Cisco Systems (US), Microsoft (US), Google (US), NCP engineering (Germany), Huawei (China), Robustel (China), Oracle (US), Contemporary Controls (US), Virtela (US), Singtel (Singapore), Cohesive Networks (US), and Array Networks (US).
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. Were associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Contact Us:
Dani Rodriguez
Research Cosmos
+1 888 709 8757
dani@researchcosmos.com <||>rnhttps://www.researchcosmos.com
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com 
Source: EmailWire.com
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