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Cloud VPN Market Growth of Over 40%, Voices Heard Maximizing the Impact of Focus Group Findings | Google LLC, Cohesive Networks, Inc., Oracle Corporation

Cloud VPN Market Growth of Over 40%, Voices Heard Maximizing the Impact of Focus Group Findings | Google LLC, Cohesive Networks, Inc., Oracle Corporation

Report Ocean is a comprehensive analysis of the “Cloud VPN Market”  that includes both qualitative and quantitative data. The report covers various regions and provides insights into major industry changes, challenges faced by businesses and competitors, and potential new opportunities in the market. It also includes a SWOT analysis, Porter’s Five Forces model, and a value chain review to help readers understand the industry’s position in the market and the stakeholder positions.

Global Cloud VPN Market Surpasses USD 44.6 Billion in 2022, Poised for Continued Growth of Over 40% Through 2030

Refreshed Content:

Cloud VPN, or Cloud Virtual Private Network, is a technology that facilitates secure and encrypted communication over the internet or a network through a cloud-based infrastructure. It offers users a means to establish a private and secure connection to a remote network or server, irrespective of their physical location. The Cloud VPN market is witnessing expansion due to factors such as the growing adoption of secure VPN networks and the increasing number of connected devices. Leveraging cloud computing resources to create and manage VPN connections, Cloud VPN eliminates the need for hardware. This allows users access to resources, data, or services from a remote location through a direct link to the same local network. Consequently, the demand for Cloud VPN has progressively increased in the international market during the forecast period from 2023 to 2030.

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Market Dynamics:

Cloud VPNs offer the advantage of scalability, allowing organizations to easily accommodate a growing number of users and devices without the need for significant hardware investments. The cloud-based nature of these networks enables efficient resource allocation and expansion. According to Statista, in 2022, the global virtual private network (VPN) market amounted to USD 44.6 billion. Furthermore, in 2022, approximately 40% of internet users in the UAE utilized virtual private networks for at least some online activity, followed by India with 39%. Over 27% of internet users globally used a virtual private network. Another important factor that drives the Cloud VPN market is the increasing number of connected devices.

Connected devices often need to access cloud-based applications, services, and data repositories. Cloud VPNs provide a secure conduit for these devices to connect to resources, facilitating seamless and protected data exchange. In addition, as per Statista, in 2023, it is expected that the global number of Internet of Things (IoT) devices would nearly double, rising from 15.1 billion in 2020 to 29 billion by 2030. According to the research, China will have the highest concentration of IoT devices by 2030, exceedingly nearly 8 billion gadgets designed for consumer usage. Moreover, rising awareness about cloud platforms and increasing technological advancement in Cloud VPN are anticipated to create a lucrative growth opportunity for the market over the forecast period. However, the dearth of technical skills and risk associated with data breaches is going to impede overall market growth throughout the forecast period of 2023-2030.

Key Regions:

In 2022, North America dominated the market, driven by the presence of key market players and the growing adoption of cloud platforms, along with rising IT spending on business software and communication services in the region. The region’s dominant performance is anticipated to propel the overall demand for Cloud VPNs. Furthermore, Asia Pacific is expected to experience the fastest growth during the forecast period, owing to factors such as the increasing number of enterprises in the region.

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Major Market Players:

Key players in this market include Google LLC, Cohesive Networks, Inc., Oracle Corporation, Array Networks, Inc., NCP Engineering GmbH, Cisco Systems, Inc., Singtel Telecommunications Limited, Microsoft Corporation, Robustel Technologies Co. Ltd., and Huawei Technologies Co. Ltd.

Recent Developments:

  1. In May 2023, FedRAMP accreditation has been granted to an enlarged range of Oracle Cloud Infrastructure services. This makes more cloud services available to customers in the civilian, defense, and intelligence communities. The newly approved services include Oracle Cloud Infrastructure Network Visualizer, Oracle Cloud Infrastructure Golden Gate, Java Management Service, Oracle Cloud Infrastructure Vulnerability Scanning Service, Oracle Cloud Advisor; VPN Connect; Oracle Cloud Infrastructure Bastion, Oracle Cloud Infrastructure Data Integration, and Oracle Cloud Infrastructure Logging Analytics.

Objective of the Study:

The study aims to define market sizes of different segments & countries in recent years and forecast values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also provides detailed information about crucial aspects such as driving factors, challenges, potential opportunities in micro markets, competitive landscape analysis, and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Component:

  • Software
  • Services

By Connectivity Type:

  • Site-to-Site
  • Remote Access

By Enterprise Size:

  • Large Enterprises
  • Small & Medium-sized Enterprises (SMEs)

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By Industry Vertical:

  • Energy & Utilities
  • Government & Defense
  • Media & Entertainment
  • IT & Telecommunications
  • Banking, Financial Services & Insurance (BFSI)
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • ROE
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • RoAPAC
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

Report Scope:

  • Historical Data: 2020 – 2021
  • Base Year for Estimation: 2022
  • Forecast Period: 2023-2030
  • Report Coverage: Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
  • Segments Covered: Component, Connectivity Type, Enterprise Size, Industry Vertical, Region
  • Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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Advantages of Opting for Our Market Research Report:

Strategic Decision-Making:

Our market research reports provide invaluable insights for strategic decision-making. By analyzing industry trends, market dynamics, and emerging opportunities, businesses can make informed choices that align with their long-term goals and objectives.

Market Understanding:

A comprehensive understanding of the market is crucial for success. Our reports delve deeply into market size, segmentation, and growth drivers, ensuring businesses have a nuanced comprehension of the landscape they operate in, aiding in effective planning and execution.

Competitive Intelligence:

Staying ahead of the competition is paramount. Our reports offer detailed competitive intelligence, highlighting key players, their market share, strategies, and strengths. This enables businesses to identify opportunities for differentiation and develop robust strategies for sustainable growth.

Customer Insights:

Understanding customer behavior is fundamental to success. Our research provides in-depth customer insights, including preferences, buying patterns, and needs. This information is instrumental in tailoring products and services to meet customer expectations and enhance overall satisfaction.

Risk Mitigation:

Every business venture involves risks, and our reports are designed to identify and assess potential risks within the industry. This proactive approach empowers businesses to develop risk mitigation strategies, ensuring resilience in the face of challenges and uncertainties.

Investment and Funding Decisions:

For investors and stakeholders, our reports offer a reliable foundation for investment decisions. Through thorough analysis of market trends and growth projections, we provide essential information to support sound investment and funding choices, maximizing returns on investment.

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Our market research reports undergo rigorous analysis and validation processes, ensuring the credibility of the information presented. Businesses can rely on our reports as trustworthy sources, fostering confidence in decision-making processes and strategic planning.

Long-term Business Planning:

Successful businesses thrive on effective long-term planning. Our reports provide a forward-looking perspective, forecasting industry trends and potential challenges. This foresight is indispensable for crafting robust business plans that stand the test of time and dynamic market conditions.

Key Questions Answered by the Report:

  • What are the driving factors for market growth?
  • What challenges and limitations does the market face?
  • What emerging opportunities exist in the market?
  • What potential threats and risks could impact the market?
  • What is the current market size and growth rate?
  • What are the market segments and their sizes?
  • Which regions are projected to experience the highest growth and market share?
  • What variables affect different geographical areas?
  • Who are the major players in the market and their rankings?
  • What recent partnerships, launches, expansions, or acquisitions have occurred among the companies profiled?
  • What are the comprehensive profiles of the top market players, including business overview, insights, product benchmarking, and SWOT analysis?
  • What is the present market outlook, considering recent changes and growth possibilities?
  • What are the drivers, obstacles, and restrictions in both developing and emerging regions?
  • How does the market analysis utilize Porter’s five forces analysis?
  • How does the Value Chain provide insights into market dynamics?

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About Report Ocean:

Report Ocean stands as a preeminent provider of market research reports within the industry. Renowned globally, we are acclaimed for delivering insightful and informative research reports. Our commitment lies in furnishing clients with a comprehensive blend of both quantitative and qualitative research outcomes. As an integral component of our expansive global network and thorough industry coverage, we offer an in-depth reservoir of knowledge that empowers strategic and well-informed business decisions. Our approach integrates cutting-edge technology, advanced analysis tools, and our proprietary research models, all underpinned by years of expertise. This synergy allows us to craft essential details and facts that consistently surpass expectations.

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