What is Cloud VPN Market Scope?
When any company’s employees are working outside the offices, then there would be the usage of a remote access virtual private network, or VPN, for the purpose of secure access of any kind of applications, files or data that is needed from the servers of the company. Over the past few years, new cloud technologies have been developed and also the mobile workforces have enhanced, many of the companies have stirred away from the usage of in-house data centers towards using the cloud as a substitute. As a matter of fact, there are so many companies that have made this shift. According to IDC, a global market intelligence firm, it is hereby estimated that an approximate of 67 percent of the enterprises, IT infrastructures, and software would be cloud-based near to the end of 2020. The cloud VPN helps in securely connecting the peer network to the Virtual Private Cloud (VPC) network with the help of an IPsec VPN connection. The traffic traveling among these two networks is further encrypted by one of the VPN gateways, and then is decrypted by another VPN gateway. This hence protects the data as it moves over the internet. A Cloud VPN also permits businesses to maintain and protect their own private cloud resources.
The Cloud VPN market study is being classified by Type (HA VPN and Classic VPN), by Application (Large Enterprises and SMEs) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Cloud VPN market throughout the predicted period.
Cisco Systems (United States), Huawei (China), Microsoft Corporation (United States), Google (United States), Oracle Corporation (United States), NCP Engineering GmbH (Germany), Array Networks (United States), Robustel (United States), Singtel (Singapore) and Cohesive Networks (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are NTT Global Networks (United States) and Contemporary Controls (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cloud VPN market by Type, Application and Region.
On the basis of geography, the market of Cloud VPN has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In May 2020, Microsoft had acquired Metaswitch Networks which provided technologies and solutions that migrate communication networks to open architectures.
Influencing Market Trend
- The Emergence of BYOD Is Increasing the Growth of Cloud VPN Market
- Increasing Internet Penetration
Market Drivers
- Increasing Adoption of VPN Tools across Various Industries
- Cost-Effectiveness in Site to Site Connectivity is increasing the Deployment
Opportunities
- Rising Demand of VPN Routers among Organizations and Service Providers
- Increasing Adoption of Smartphones and Laptops are Boosting the Market
Restraints
- Network Issues are causing it to be Disconnected Frequently
Challenges
- Increasing Security Concerns and Vulnerabilities
Key Target Audience
Providers of Cloud VPN, Industry Verticals, Potential Investors, Regulatory Bodies, Market Research Firms and Others
Customization available in this Study:
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