Cloud VPN Services Market 2018 Global Industry By Key Players (CISCO, MICROSOFT, HUAWEI, GOOGLE, ORACLE) Competitive Analysis, Growth, Development & Forecast 2023
Global Cloud VPN Services Market report gives a significant wellspring of quick information for business strategists and focused examination. It furnishes the Cloud VPN Services business review with development investigation and cutting edge cost, income, Demand and supply information.
Dallas, United States – May 24, 2018 /MarketersMedia/ —
Global Cloud VPN Services Market 2018-2023
The Cloud VPN Services Market is expected to register a CAGR of 13.8%, during the forecast period (2018 – 2023). The scope of this report is restricted to cloud based software deployment. The various segments covered in the report include Connectivity type, Component, and End-user industries. The regional scope of the report covers North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Key Developments in the Market
September 2017: Google gave enterprises a private on-ramp to its cloud. This service goes beyond the Google Cloud VPN services. This dedicated interconnection allowed for a direct connection to Google’s network with an ultra-high bandwidth of 80Gbps. This increases the enterprise level competition for VPN services, which will further boost the market
July 2017: Apple pulled VPN apps from China App Store. Following Chinese government policies on censorship Apple has removed all the VPN application from the Chinese App Store. This is a drastic move made by Apple that has largely affected the VPN market. This development is likely to discourage the China market growth
Major Players – CISCO SYSTEMS, INC., MICROSOFT, HUAWEI TECHNOLOGIES CO., LTD., GOOGLE LLC, ARRAY NETWORKS, INC., COHESIVE NETWORKS, ORACLE, CONTEMPORARY CONTROL SYSTEMS, INC., amongst others.
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Increasing Security and Privacy Concerns
As the world is moving towards complete digital existence the need for secure and private connections to internet becomes a major concern. Adding to this the growing number of devices connected over the network increase the demand for enhanced privacy. The Cloud VPN Services is a solution to the rising concern. Cloud VPN services not only provides a secure connection but also, increase the security of data that is shared over the network. The Cloud based VPN also provide for two way authentication for clients, highly secure encryption, and self-signed certificates. This ability coupled with complete automation of VPN services is the major driver for the market.
Growing Demand for Cloud Bases Services
Increasing digitization trend is observed in organizations with their shift towards cloud based services. The increasing reliance of organization on cloud services brings into light the security and authenticity of the connection. This increases the importance of cloud VPN services. With increasing cloud based services the need for custom VPN solutions is increasing. The high customizability of Cloud VPN services is also a driver for the growth on this market.
North America has the Largest Market Share
North America is the region with highest market share. The increasing number of organizations in this region and growing digital infrastructure for expansion and foray in to the future are the major drivers for the growth of Cloud VPN services in North America. Adding to this is the high number of players emerging from this region. Asia Pacific region is expected to register the highest growth rate during the forecasted period. Increasing development and growth of internet facilities is the major driver in this region. The Asia Pacific region holds a large opportunity for the Cloud VPN market as there is no barriers to entry in the market.
Table of Content
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Increased investments in cloud technologies
4.3 Factors Restraining the Market
4.3.1 High costs of the technology
4.3.1 Limited knowledge and understanding about VPN technology
4.4 Industry Attractiveness – Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors
Continued
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