The Virtual Private Cloud Market is anticipated to have a steady CAGR of 12.8% during the period 2022 to 2032.The virtual private cloud market share is predicted to grow from USD 38.8 Billion in 2022 to USD 129.6 Billion in 2032.
Previously, the demand for virtual private cloud was thriving at a higher CAGR of 23.3% (2016 to 2021), resulting in a market size of USD 31.6 Billion in 2021.
The rising demand for simple installation and low-cost disaster recovery solutions, as well as the growing adoption of virtual private cloud among small and medium businesses, are driving the virtual private cloud market's growth over the forecast period.
However, in some countries, weak internet infrastructure may limit the demand for virtual private cloud business. Furthermore, the growing IoT market is expected to open up new prospects in the virtual private cloud market.
| Attributes | Details |
|---|---|
| Virtual Private Cloud Market CAGR (2022 to 2032) | 12.8% |
| Virtual Private Cloud Market Size (2022) | USD 38.8 Billion |
| Virtual Private Cloud Market Size (2032) | USD 129.6 Billion |
The growing need for businesses to have a safe environment for cloud mobility has resulted in a surge in the adoption of virtual private cloud services. SMEs are also using a huge number of private clouds for the organization's security in order to boost income opportunities.
Many industries have begun to embrace the growing need for agility and automation. This is changing the virtual private cloud market outlook drastically.
The rapid increase in demand from small and medium enterprises, the increasing adoption of cloud-based services by large enterprises across various industry verticals, and the increased number of data breaches over a network, which is primarily due to unauthorized access by third parties, are some of the key factors driving the adoption of virtual private cloud.
Poor internet infrastructure in some nations may provide a hindrance to the growth of demand for virtual private clouds. The growth of the Internet of Things is likely to open up chances for the virtual private cloud business.
The virtual private cloud market has grown as the demand for security, IT modernization, agility, automation of manual processes, and rising cost reductions has increased. On the contrary, a scarcity of professionals is limiting the virtual private cloud market expansion.
Governments have been heavily investing in digitizing their operations in order to boost productivity and save costs through effective management methods, resulting in the widespread adoption of virtual private clouds among businesses. Furthermore, fast-evolving digitization business models such as as a service have considerably aided product innovation and development among virtual private cloud providers worldwide.
The virtual private cloud market is divided into banking, financial services and insurance, IT and telecom, government and defense, healthcare, media and entertainment, retail, manufacturing, and others, by vertical.
With the rise in real-time mobile payment services, the BFSI virtual private cloud industry is expected to witness the most widespread use of the virtual private cloud. Various customer-centric models have emerged as a result of the increased need for streamlined transactions.
The expanding presence of digitalization activities, as well as growing worries about data storage, recovery, and cybersecurity in BFSI businesses, is projected to boost the demand for virtual private clouds.
The virtual private cloud market is divided into large and small enterprises as per the organization size. As per the virtual private cloud market analysis, because of the growing volume of data and the increased need for effective storage and management, major organizations are predicted to bring substantial recompense to the VPC sector, based on their size.
Large enterprises have led the way for enhanced flexibility by running many applications. Virtual private cloud solutions not only increase performance when implementing resource-intensive applications but also save money. The growing trend of organizational mobility is anticipated to help the virtual private cloud market grow even faster.
During the projected period, North America is expected to have the biggest virtual private cloud market share.
The existence of multiple businesses supplying and the rising adoption of virtual private cloud has made the region an established market. The key reasons driving cloud computing usage in North America are organizations' shifts toward innovative technologies and the rising adoption of digital business strategies.
The market in North America is likely to be driven by enterprises' rising budget allocation for cloud services. The major North American countries likely to contribute to the virtual private cloud market are the USA and Canada.
The development in technological transformation projects and strong economic advancements in China and India are likely to produce significant revenue for the virtual private cloud business in the Asia Pacific due to the high rates of adoption of virtual private cloud in the region.
| Regions | CAGR (2022 to 2032) |
|---|---|
| United States | 12.5% |
| United Kingdom | 11.8% |
| China | 12.1% |
| Japan | 11.0% |
| South Korea | 10.3% |
In order to strengthen their competitive position and global presence, virtual private cloud market players are actively pursuing strategic collaborations, including mergers and acquisitions, as well as working on incorporating the latest technology into their services to come up with innovations. The virtual private cloud market is highly competitive.
Some of the recent developments in the virtual private cloud market are:
In February 2021, IBM and Vodafone partnered to launch Vodafone Virtual Private Cloud, a new private cloud platform designed to help Vodafone's Portuguese enterprise clients with scalability, efficiency, and security.
Dell Technologies unveiled Project Apex, a new private cloud service, in February 2021. Dell Technologies Cloud Platform is likely to enable clients to scale up or down their IT infrastructures as a result of the launch.
Table 1: Global Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 2: Global Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 3: Global Market Value (US$ Million), By Component, 2015 to 2021
Table 4: Global Market Value (US$ Million), By Component, 2022 to 2032
Table 5: Global Market Value (US$ Million), By Vertical, 2015 to 2021
Table 6: Global Market Value (US$ Million), By Vertical, 2022 to 2032
Table 7: Global Market, By Region, 2015 to 2021
Table 8: Global Market, By Region, 2022 to 2032
Table 9: North America Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 10: North America Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 11: North America Market Value (US$ Million), By Component, 2015 to 2021
Table 12: North America Market Value (US$ Million), By Component, 2022 to 2032
Table 13: North America Market Value (US$ Million), By Vertical, 2015 to 2021
Table 14: North America Market Value (US$ Million), By Vertical, 2022 to 2032
Table 15: North America Market, By Country, 2015 to 2021
Table 16: North America Market, By Country, 2022 to 2032
Table 17: Latin America Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 18: Latin America Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 19: Latin America Market Value (US$ Million), By Component, 2015 to 2021
Table 20: Latin America Market Value (US$ Million), By Component, 2022 to 2032
Table 21: Latin America Market Value (US$ Million), By Vertical, 2015 to 2021
Table 22: Latin America Market Value (US$ Million), By Vertical, 2022 to 2032
Table 23: Latin America Market, By Country, 2015 to 2021
Table 24: Latin America Market, By Country, 2022 to 2032
Table 25: Europe Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 26: Europe Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 27: Europe Market Value (US$ Million), By Component, 2015 to 2021
Table 28: Europe Market Value (US$ Million), By Component, 2022 to 2032
Table 29: Europe Market Value (US$ Million), By Vertical, 2015 to 2021
Table 30: Europe Market Value (US$ Million), By Vertical, 2022 to 2032
Table 31: Europe Market, By Country, 2015 to 2021
Table 32: Europe Market, By Country, 2022 to 2032
Table 33: Asia Pacific Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 34: Asia Pacific Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 35: Asia Pacific Market Value (US$ Million), By Component, 2015 to 2021
Table 36: Asia Pacific Market Value (US$ Million), By Component, 2022 to 2032
Table 37: Asia Pacific Market Value (US$ Million), By Vertical, 2015 to 2021
Table 38: Asia Pacific Market Value (US$ Million), By Vertical, 2022 to 2032
Table 39: Asia Pacific Market, By Country, 2015 to 2021
Table 40: Asia Pacific Market, By Country, 2022 to 2032
Table 41: MEA Market Value (US$ Million), By Organization Size, 2015 to 2021
Table 42: MEA Market Value (US$ Million), By Organization Size, 2022 to 2032
Table 43: MEA Market Value (US$ Million), By Component, 2015 to 2021
Table 44: MEA Market Value (US$ Million), By Component, 2022 to 2032
Table 45: MEA Market Value (US$ Million), By Vertical, 2015 to 2021
Table 46: MEA Market Value (US$ Million), By Vertical, 2022 to 2032
Table 47: MEA Market, By Country, 2015 to 2021
Table 48: MEA Market, By Country, 2022 to 2032
Table 49: Global Market Incremental $ Opportunity, By Organization Size, 2015 to 2021
Table 50: Global Market Incremental $ Opportunity, By Component, 2022 to 2032
Table 51: Global Market Incremental $ Opportunity, By Vertical, 2015 to 2021
Table 52: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 53: North America Market Incremental $ Opportunity, By Organization Size, 2015 to 2021
Table 54: North America Market Incremental $ Opportunity, By Component, 2022 to 2032
Table 55: North America Market Incremental $ Opportunity, By Vertical, 2015 to 2021
Table 56: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 57: Latin America Market Incremental $ Opportunity, By Organization Size, 2015 to 2021
Table 58: Latin America Market Incremental $ Opportunity, By Component, 2022 to 2032
Table 59: Latin America Market Incremental $ Opportunity, By Vertical, 2015 to 2021
Table 60: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 61: Europe Market Incremental $ Opportunity, By Organization Size, 2015 to 2021
Table 62: Europe Market Incremental $ Opportunity, By Component, 2022 to 2032
Table 63: Europe Market Incremental $ Opportunity, By Vertical, 2015 to 2021
Table 64: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 65: Asia Pacific Market Incremental $ Opportunity, By Organization Size, 2015 to 2021
Table 66: Asia Pacific Market Incremental $ Opportunity, By Component, 2022 to 2032
Table 67: Asia Pacific Market Incremental $ Opportunity, By Vertical, 2015 to 2021
Table 68: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 69: MEA Market Incremental $ Opportunity, By Organization Size, 2015 to 2021
Table 70: MEA Market Incremental $ Opportunity, By Component, 2022 to 2032
Table 71: MEA Market Incremental $ Opportunity, By Vertical, 2015 to 2021
Table 72: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million
Figure 3: Global Market Share, By Organization Size, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 6: Global Market Share, By Component, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Component - 2022 to 2032
Figure 9: Global Market Share, By Vertical, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 12: Global Market Share, By Region, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032
Figure 14: Global Market Attractiveness Index, By Region - 2022 to 2032
Figure 15: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 16: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 17: North America Market Share, By Organization Size, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 20: North America Market Share, By Component, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Component - 2022 to 2032
Figure 23: North America Market Share, By Vertical, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 26: North America Market Share, By Country, 2022 & 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Country - 2022 to 2032
Figure 29: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 30: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 31: Latin America Market Share, By Organization Size, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 34: Latin America Market Share, By Component, 2022 & 2032
Figure 35: Latin America Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 36: Latin America Market Attractiveness Index, By Component - 2022 to 2032
Figure 37: Latin America Market Share, By Vertical, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 40: Latin America Market Share, By Country, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Country - 2022 to 2032
Figure 43: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 44: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 45: Europe Market Share, By Organization Size, 2022 & 2032
Figure 46: Europe Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 47: Europe Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 48: Europe Market Share, By Component, 2022 & 2032
Figure 49: Europe Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 50: Europe Market Attractiveness Index, By Component - 2022 to 2032
Figure 51: Europe Market Share, By Vertical, 2022 & 2032
Figure 52: Europe Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 53: Europe Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 54: Europe Market Share, By Country, 2022 & 2032
Figure 55: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 56: Europe Market Attractiveness Index, By Country - 2022 to 2032
Figure 57: MEA Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 58: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 59: MEA Market Share, By Organization Size, 2022 & 2032
Figure 60: MEA Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 61: MEA Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 62: MEA Market Share, By Component, 2022 & 2032
Figure 63: MEA Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 64: MEA Market Attractiveness Index, By Component - 2022 to 2032
Figure 65: MEA Market Share, By Vertical, 2022 & 2032
Figure 66: MEA Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 67: MEA Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 68: MEA Market Share, By Country, 2022 & 2032
Figure 69: MEA Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 70: MEA Market Attractiveness Index, By Country - 2022 to 2032
Figure 71: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 72: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 73: Asia Pacific Market Share, By Organization Size, 2022 & 2032
Figure 74: Asia Pacific Market Y-o-Y Growth Projections, By Organization Size - 2022 to 2032
Figure 75: Asia Pacific Market Attractiveness Index, By Organization Size - 2022 to 2032
Figure 76: Asia Pacific Market Share, By Component, 2022 & 2032
Figure 77: Asia Pacific Market Y-o-Y Growth Projections, By Component - 2022 to 2032
Figure 78: Asia Pacific Market Attractiveness Index, By Component - 2022 to 2032
Figure 79: Asia Pacific Market Share, By Vertical, 2022 & 2032
Figure 80: Asia Pacific Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 81: Asia Pacific Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 82: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 83: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 84: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032
Figure 85: USA Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 86: USA Market Share, By Organization Size, 2021
Figure 87: USA Market Share, By Component, 2021
Figure 88: USA Market Share, By Vertical, 2021
Figure 89: Canada Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 90: Canada Market Share, By Organization Size, 2021
Figure 91: Canada Market Share, By Component, 2021
Figure 92: Canada Market Share, By Vertical, 2021
Figure 93: Brazil Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 94: Brazil Market Share, By Organization Size, 2021
Figure 95: Brazil Market Share, By Component, 2021
Figure 96: Brazil Market Share, By Vertical, 2021
Figure 97: Mexico Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 98: Mexico Market Share, By Organization Size, 2021
Figure 99: Mexico Market Share, By Component, 2021
Figure 100: Mexico Market Share, By Vertical, 2021
Figure 101: Germany Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 102: Germany Market Share, By Organization Size, 2021
Figure 103: Germany Market Share, By Component, 2021
Figure 104: Germany Market Share, By Vertical, 2021
Figure 105: UK Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 106: UK Market Share, By Organization Size, 2021
Figure 107: UK Market Share, By Component, 2021
Figure 108: UK Market Share, By Vertical, 2021
Figure 109: France Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 110: France Market Share, By Organization Size, 2021
Figure 111: France Market Share, By Component, 2021
Figure 112: France Market Share, By Vertical, 2021
Figure 113: Italy Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 114: Italy Market Share, By Organization Size, 2021
Figure 115: Italy Market Share, By Component, 2021
Figure 116: Italy Market Share, By Vertical, 2021
Figure 117: BENELUX Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 118: BENELUX Market Share, By Organization Size, 2021
Figure 119: BENELUX Market Share, By Component, 2021
Figure 120: BENELUX Market Share, By Vertical, 2021
Figure 121: Nordic Countries Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 122: Nordic Countries Market Share, By Organization Size, 2021
Figure 123: Nordic Countries Market Share, By Component, 2021
Figure 124: Nordic Countries Market Share, By Vertical, 2021
Figure 125: China Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 126: China Market Share, By Organization Size, 2021
Figure 127: China Market Share, By Component, 2021
Figure 128: China Market Share, By Vertical, 2021
Figure 129: Japan Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 130: Japan Market Share, By Organization Size, 2021
Figure 131: Japan Market Share, By Component, 2021
Figure 132: Japan Market Share, By Vertical, 2021
Figure 133: South Korea Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 134: South Korea Market Share, By Organization Size, 2021
Figure 135: South Korea Market Share, By Component, 2021
Figure 136: South Korea Market Share, By Vertical, 2021
Figure 137: GCC Countries Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 138: GCC Countries Market Share, By Organization Size, 2021
Figure 139: GCC Countries Market Share, By Component, 2021
Figure 140: GCC Countries Market Share, By Vertical, 2021
Figure 141: South Africa Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 142: South Africa Market Share, By Organization Size, 2021
Figure 143: South Africa Market Share, By Component, 2021
Figure 144: South Africa Market Share, By Vertical, 2021
Figure 145: Turkey Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 146: Turkey Market Share, By Organization Size, 2021
Figure 147: Turkey Market Share, By Component, 2021
Figure 148: Turkey Market Share, By Vertical, 2021
The virtual private cloud market is projected to have a CAGR of 12.8% in 2032.
North America is the leading region, with an anticipated CAGR of 12.5% by 2032.
Banking, financial services and insurance segment in the virtual private cloud market is projected to lead the market with a CAGR of 11.5% by 2032.
The virtual private cloud market is predicted to grow USD 129.6 Billion by 2032.
Software segment leads the market with the projected CAGR of 11.8% by 2032.
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Virtual Private Cloud Market
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