Virtual Private Cloud (VPC) Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3599
Virtual Private Cloud (VPC) Market size is expected to grow rapidly over the forecast period due to increasing need for data protection and cybersecurity in SMEs and large enterprises. The virtual private cloud provides improved performance, scalability and flexibility at reduced cost & time than other cloud services.
VPC is a cloud computing service in which a public cloud provider isolates a specific portion of their public cloud infrastructure to be provisioned for private use by an enterprise. The rising demand for low-cost maintenance, return on investment, and easy installations is driving the virtual private cloud market growth. Lack of awareness regarding the benefits of VPC adoption is forecast to remain a major challenge for industry participants.
The increasing amount of data and mobility trend in organizations has compelled the need for effective storage and management and improved time-to-market, which will fuel VPC market growth in large enterprises. Additionally, the rising demand of employees to access computing applications and resources from mobile locations is increasing the complexity for enterprises to store and manage their data centers and focus on their core business operations.
The BFSI sector is estimated to grow at a significant CAGR over the forecast timeline due to the increasing real-time mobile payment services and other online transactions. Additionally, the VPC services help enterprises functioning in the sector to focus more on the customer-centric model by creating a multi-channel relationship with customers at every step of service provided by them. BFSI enterprises are rapidly adopting digitalization initiatives to meet the rising customer expectations and sustain in the highly competitive market. They deal with high volume of data that requires to be stored, processed, and reproduced, repetitively resulting in the issues related to data storage, recovery, and cybersecurity. VPC solutions are out-of-the-box solutions which provide benefits of private cloud on a public cloud environment providing secured intranet connection and data storage.
North America held major share in the virtual private cloud (VPC) market in 2018 and is anticipated to maintain its position over the forecast timeline. The presence of prominent market players such as Microsoft, IBM, and Amazon in the region is supporting the market growth. The shift of enterprises towards emerging technologies to increase their revenue generation is anticipated to support the VPC market growth. Asia Pacific is slated to grow at a significant CAGR over the forecast timeline due to the rapid economic growth in China and India.
The prominent virtual private cloud market players are focusing on strategic alliances to enhance their VPC capabilities. For instance, in May 2019, IBM completed the acquisition of Red Hat for USD 34 billion. The acquisition will help IBM to improve its market share in the virtual private cloud (VPC) market. It will also increase its revenue generation as Red Hat’s version of the open-source Linux operating system runs on many clouds, including those from Google and Microsoft. Some of the major players operating in the market are Alibaba Group Holding Limited, Atos SE, AWS, CenturyLink, Inc., Cisco Systems, Inc., Dell Technologies, Huawei Technologies Co. Ltd., IBM Corporation, NetApp, Inc., Oracle Corporation, OVH, Rackspace Inc, SAP SE, and VMware, Inc.
Virtual Private Cloud (VPC) Market, By Organization Size, 2014-2025 (USD Million)
- Small and Medium Enterprises (SMEs)
- Large enterprises
Virtual Private Cloud (VPC) Market, By Component, 2014-2025 (USD Million)
- Training & Consulting
- Integration & Deployment
- Support & Maintenance
- Managed Services
Virtual Private Cloud (VPC) Market, By Delivery Model, 2014-2025 (USD Million)
- Software as a service (SaaS)
- Platform as a service (PaaS)
- Infrastructure as a service (IaaS)
Virtual Private Cloud (VPC) Market, By End Use, 2014-2025 (USD Million)
- IT & Telecom
- Media & Entertainment
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- CenturyLink, Inc.
- Cisco Systems, Inc.
- Dell Technologies
- Huawei Technologies Co. Ltd.
- IBM Corporation
- NetApp, Inc.
- Oracle Corporation
- Rackspace Inc.
- SAP SE
- VMware Inc.
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