Virtual Private Cloud Market to Reach USD 129.6 Billion, Globally by 2032 at 12.8% CAGR: Future Market Insights, Inc.

Virtual Private Cloud Market

The virtual private cloud market is expected to escalate at a CAGR of 12.8%, from USD 38.8 billion in 2022 to USD 129.6 Billion through 2032. The market growth of the virtual private cloud market will be supported by key factors such as the cost-effectiveness of products, the rising volume of business data and connectivity trends, & the growing need for workers to access mobile applications and resources.

The virtual private cloud market is experiencing rapid growth due to the increasing demand from small and medium enterprises, the ever-increasing adoption of cloud-based services by large enterprises across different industry verticals, along the increased number of data breaches over a network that is primarily the result of unauthorized access by third parties.

Various government agencies have been investing heavily in the digitization of their operations to improve productivity and reduce operating costs through the implementation of efficient management practices, thereby expanding the use of virtual private clouds throughout most organizations.

Dive Deeper into the Data—View the Full Report Here!

Digital Business Models that have seen a rapid rise in popularity and implication, such as “as a service”, have played a significant role in fueling product innovation and development within VPC providers all over the world.

In addition to offering private cloud advantages, virtual private clouds provide safe intranet connectivity and data storage advantages in a public cloud environment.

Key Takeaways from the Virtual Private Cloud Market Report:

  • The virtual private cloud market is predicted to develop at a CAGR of 11.8% through 2032 in the software section of the component category.
  • The CAGR for the banking, financial services, & insurance segment of the vertical method category in the virtual private cloud market is anticipated to be 11.5% through 2032.
  • In the United States, the virtual private cloud market is estimated to reach USD 5.3 billion by 2032, rising at a CAGR of 12.5% throughout the forecast period.
  • By 2032, the virtual private cloud market in the United Kingdom is expected to be valued at USD 5.3 billion, with a CAGR of 11.8% through 2032.
  • With a CAGR of 12.1% throughout the forecast period, China is expected to reach a market size of USD 9.2 billion in the virtual private cloud market by 2032.
  • By 2032, the virtual private cloud market in Japan is estimated to be worth USD 7.5 billion, growing at an annual rate of 11.0% through 2032.
  • With a CAGR of 10.3% throughout the forecast period, South Korea is predicted to reach a market size of USD 4.6 billion in the virtual private cloud market by 2032.

Competitive Landscape:

There have been major gains in the global virtual private cloud market over the past five years in North America. The growing demand for VPCs in this region is due to the growing number of large enterprises involved across different industry verticals. Latin America is expected to grow at an impressive rate during the forecast period, recording the highest CAGR.

Due to their improved operational efficiency and security features, VPCs are in high demand from both small and large enterprises across a wide variety of industries, such as banking & finance, telecommunications, manufacturing, healthcare, etc. Europe holds the second-largest market share due to the demand from both small and large enterprises.

Leading Key Players:

  • Google
  • Microsoft
  • Alibaba
  • AWS
  • OVH
  • Huawei
  • Rackspace
  • CenturyLink
  • DXC
  • Atos

Virtual Private Cloud Market Segmentation:

By Component:

  • Software
  • Services

By Organisation Size:

  • Small and Medium-Sized Enterprises
  • Large Enterprises

By Vertical:

  • Banking, Financial Services, and Insurance
  • IT and Telecom
  • Government and Defence
  • Healthcare
  • Media and Entertainment
  • Retail
  • Manufacturing
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these