To use this feature, join Babbler easily !
Babbler allows PR people and reporters to collaborate a better way.
By joining Babbler you will be able to access hundreds of newsrooms and PR contacts from your industrie(s) and also share with them your upcoming needs.
Their newsrooms are already on Babbler
You're 1 click away from signing up
Nice to see you again !
Global Virtual Private Cloud Market To Be Driven By The Cost Effectiveness Of The Product In The Forecast Period Of 2021-2026
minutes reading time
minute reading time
The new report by Expert Market Research titled, 'Global Virtual Private Cloud Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026', gives an in-depth analysis of the Global Virtual Private Cloud Market Analysis , assessing the market based on its services, organization-size, industry-verticals, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 30 Billion
- Forecast CAGR (2021-2026): 5%
- Forecast Market Size (2026): USD 102 Billion
The growth in the global virtual private cloud market is induced by the rising demand for easy-to-implement and low-cost disaster recovery methods, as well as the growing popularity of VPC among small and medium-sized businesses. Furthermore, the growing popularity of IoT will open up new opportunities in the virtual private cloud market. Efficiency, flexibility, reduced time, and lower costs are expected to drive global demand for virtual private cloud products. The cost-effectiveness of the product is primarily driving the market. However, in some countries, poor internet infrastructure may stymie the development of the virtual private cloud industry.
Industry Definition and Major Segments
A virtual private cloud provides a secure and isolated environment that is an excellent choice for businesses looking to expand their on-premises cloud infrastructure. It can be used for applications such as disaster recovery, backup, and development testing. Healthcare and regulatory compliance financial institutions, for example, are good candidates for virtual private cloud because they require high levels of security, privacy, and control.
Based on component, the market is divided into:
- Training and Consulting
- Integration and Deployment
- Support and Maintenance
- Managed Services
Based on organization size, the industry is segmented into:
- Small and Medium-Sized Enterprises
- Large Enterprises
Based on industry verticals, the market can be categorized as:
- Banking, Financial Services, and Insurance
- IT and Telecom
- Government and Defense
- Media and Entertainment
On the basis of region, the market is divided into:
- North America
- latin america
- Middle East and Africa
The increasing volume of data and connectivity trends in enterprises have resulted in more efficient storage and management, as well as faster time-to-market, which will accelerate the growth of the virtual private cloud market in large corporations. Furthermore, the growing demand for workers to access mobile applications and resources complicates businesses' ability to store, maintain, and focus their data centers on core business activities.
The BFSI sector is expected to grow at a substantial CAGR during the forecast period, as mobile payment services and other digital transactions increase in real-time. Virtual private cloud services also assist companies in the sector in focusing even more on the customer-centric model by establishing a multi-channel communication with consumers at every stage of their services.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/virtual-private-cloud-market/requestsample
Key Market Players
The major players in the market are Google (NASDAQ: GOOGL), Microsoft, Alibaba, AWS, OVH, Huawei, Rackspace, CenturyLink, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Company Name: Claight Corporation
Contact Person: Sofia Williams, Corporate Sales Specialist – USA
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Congratulations, you're registered on Babbler!
Discover now all the news waiting for you on Babbler: visit your newsfeed.!
Your topics have been selected, you can change it by clicking here