“The Global Virtual Private Cloud Market is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to growing need for providing enhanced customer experience”

 

Precision Business Insights (PBI) in its report titled “Global Virtual Private Cloud Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

 

The global virtual private cloud market valued US$ XX Mn 2018 and is poised to grow with a CAGR of XX% over 2019-2025. Some of the key factors fueling the market growth include growing need for providing enhanced customer experience, increasing automation and agility practice across industries, rising demand of employees to access computing applications, growing need for low-cost disaster recovery solution and focus on reducing OPEX and CAPEX. However, lack of experts and compatibility issues with legacy systems are the factors hindering the market growth.

 

Global virtual private cloud market segmented on the basis of delivery mode, organization size, end user and region.

 

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BFSI Segment Accounted for Higher Revenue Share in Virtual Private Cloud Market

Based on end user, global virtual private cloud market segmented into BFSI, Manufacturing, Healthcare, Media & Entertainment, IT & Telecommunication, Government and Others. BFSI segment accounted considerable and projected to dominate over the forecast period. Cloud computing increases the efficiency in the industry. Usage of cloud technology is an added advantage in banking and finance sector. Digitalizing the services will allow the banks and financial institutions to build up an infrastructure to provide the best and appropriate service to the customers. Virtually every business sector today is betting big on cloud computing more so, given the benefits it promises and the way it changes how technology is delivered and consumed by the end user in an enterprise. Like most other sectors, banks and financial services companies too can benefit from the fact that cloud computing helps to create a more flexible, agile business model to meet the growing business needs in a dynamic and competitive landscape.

 

Asia Pacific leads the Global Virtual Private Cloud Market

PBI’s global virtual private cloud market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for larger revenue share in global virtual private cloud market with a CAGR of XX% and is expected to grow over the forecast years. The growth in this region is due to rapid advancements in emerging technologies and improved IT infrastructure services. India and China are the major contributors for the growth of the market in the region. North America held substantial market share during estimated period owing to increasing budget allocation for cloud services, growing acceptance of digital business strategies and existence of numerous players offering VPC organizations.

 

 

Strategic Expansions are the key strategies adopted by market players

Global virtual private cloud market further reveals that the key player’s increasingly adopting strategies such as strategic collaborations and expansion of production facilities to meet the demands of the consumers in the market to enhance market revenue share and gaining significant geographic presence across the region. For Instance, in 2018, Microsoft invested a substantial amount of USD 14.7 billion toward R&D. The company aims to deliver innovative solutions and improved performance to enterprises.

 

Some of the Key players in the market include Google, Microsoft, Alibaba, AWS, OVH, Huawei, Rackspace, CenturyLink, DXC and Atos.

 

Detailed Segmentation

 

By Delivery Mode                 

• Software       
• Platform        
• Infrastructure
• Others           

 

By Organization Size            

• Small Medium Enterprises (SMEs)    
• Small Medium Businesses (SMBs)    
• Large Enterprises

 

By End User              

• BFSI
• Manufacturing          
• Healthcare    
• Media & Entertainment         
• IT & Telecommunication      
• Government  
• Others                                               

By Geography

• North America

• U.S
• Canada

• Europe

• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe

• Asia-Pacific

• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific

• Latin America

• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America

• Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

 

For more information: https://www.precisionbusinessinsights.com/market-reports/global-virtual-private-cloud-market/

 

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