CloudVirtual Private Network (VPN) is a type of VPN that operates on a cloud-basednetwork infrastructure, which is also sometimes referred to hosted VPN or VPNas a service (VPNaaS). Cloud VPN provides a global VPN access to end usersincluding its subscribers and third-party users over public internet. A VPN ismostly meant to permit a user, a connection to the internet over a server runby an enterprise. As most of the data or information on the server is encryptedfor privacy, a cloud VPN can provide a secure access over the internet forusing the private network through the virtual environment. In this report,MarketsandMarkets expects the cloud VPN market size to grow from USD 3.25Billion in 2017 to USD 8.78 Billion by 2022, at a Compound Annual Growth Rate(CAGR) of 22.0%.
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Remote access connectivity type to carry the highest market size
Theremote access connectivity type enables an individual user, located remotely,to connect to the enterprise network using personal devices, such as laptops,smartphones, or tablets. The remote access connectivity type is deployed on thecloud infrastructure and can easily be optimized and managed on the clouditself. It makes it popular among end users and gain more market size in thecloud VPN connectivity.
Government and public utilities segment is expected to be thefastest-growing vertical
Inthe verticals end-user segment, the government and public utilities sector isexpected to grow at the highest CAGR, while the telecom and IT sector isestimated to have the largest market share. The government and public utilitiessector is undergoing a major transformation with the advent of cloud VPN. Thissector is expected to use cloud VPN to a great extent, owing to the increasedneed for security, privacy, and compliance across the government and publicsurveillance. This, in turn, would drive the cloud VPN market during theforecast period.
North America is expected to have the largest market size in the cloudVPN market
NorthAmerica, owing to the presence of a large number of cloud VPN vendors, isexpected to have the largest market size in the cloud VPN market during the forecastperiod. Meanwhile, Asia Pacific (APAC) is expected to be the fastest-growingregion. With the evolution of digital transformation in APAC, the need formanaged IT services is also seen to be increasing. Furthermore, rapid economicgrowth in the developing APAC countries, along with the improving regulatoryreforms and economic stability is driving the growth of the cloud VPN market inthis region. The market in developing regions, such as the Middle East andAfrica (MEA) and Latin America, is expected to grow owing to the increasing useof mobility, cloud computing, expanding retail and banking sector, andgovernment regulatory compliances.
Keyplayers in the cloud VPN market include Cisco Systems (US), Microsoft (US),Google (US), NCP engineering (Germany), Huawei (China), Robustel (China),Oracle (US), Contemporary Controls (US), Virtela (US), Singtel (Singapore), andCohesive Networks (US).
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