Cloud VPN Market Highlights:
Cloud VPN market is estimated to exhibit high growth potential during the forecast period owing to increasing demand for cloud VPN solutions and services across various industry verticals. Additionally, innovations and advancements in technology and increasing market for cloud VPN solutions and services owing to the growing adoption of mobile devices and increasing popularity of bringing your own device is adding fuel to the growth of the cloud VPN market.

The global Cloud VPN Market is segmented by component, connectivity, organization size, and vertical. The vertical segment is classified into BFSI, healthcare, manufacturing, IT & telecommunication, retail, government, and others. However, the IT & telecommunication sub-segment is expected to hold a major share of the global cloud VPN market, whereas the government sub-segment is expected to grow at the highest rate during the forecast period. This is owing to the increasing dependency of business operations in IT and telecommunication sector on web applications and growing demand for establishing secure connections in order to protect loss of data. However, the lack of expertise in virtualization and lack of governance and standardization are major factors that could cause hindrance in the growth of global cloud VPN market. Also, increasing concerns regarding data loss and data protection issues are other major factors which may hamper the market growth.

According to Market Research Future Analysis, the global Cloud VPN market is estimated to generate revenue of approximately USD 11 billion by 2023 growing at a CAGR of 22% during the forecast period 2017-2023.

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Major Key Players:
• Cisco Systems, Inc. (U.S.)
• Microsoft Corporation (U.S.)
• Google, Inc. (U.S.)
• NCP Engineering (Germany)
• Huawei Technologies Co., Ltd. (China)
• Robustel (China)
• Oracle Corporation (U.S.)
• Contemporary Controls Systems, Inc. (U.S.)
• Virtela (U.S.)
• Singapore Telecommunications Limited (Singapore)
• Cohesive Networks (U.S.)

Regional Analysis:
North America is expected to hold the largest share of the global cloud VPN market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The market in North America is witnessing rapid growth due to technological advancements and rise in demand for cloud VPN services across different industry verticals in this region.

The U.S. holds the majority of market share both in terms of revenue as well as on account of the increased demand for cloud VPN solutions in IT and telecommunication industry as well as increasing number of service providers is driving the market growth.

Cloud VPN Market Segmentation:
The global cloud VPN market is segmented on the basis of the component, connectivity, organization size, and vertical. The component segment is classified into software and services. However, the services sub-segment is expected to grow at the highest rate during the forecast period.

This is owing to the increasing number of cloud VPN solution providers majorly focusing on support and maintenance services as these services are very crucial and required at each phase of implementation.

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Intended Audience:
• Technology Investors
• Research/Consultancy Firms
• Government Bodies
• Consulting Service Providers
• Technology Providers
• System Integrators
• Software Vendors
• Service Providers
• Cloud Platform Providers
• Mobile Application Developers

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