Cloud VPN Market by Component (Software and Services), Connectivity Type (Site-to-Site and Remote Access), Organization Size (Large Enterprises and SMEs), End User (Service Providers and Verticals), and Region - Global Forecast to 2022
[111 Pages Report] The global Cloud VPN market size is expected to grow from USD 2.77 Billion in 2016 to USD 8.78 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.0% from 2017 to 2022. The base year considered for the study is 2016 and the forecast period is 20172022.
The objectives of the report are to define, describe, and forecast the market size on the basis of component, connectivity type, organization size, end user, and region; provide a detailed information regarding key factors influencing the market growth (drivers, restraints, opportunities, and challenges); track and analyze the market scenario by technological developments, product launches, and mergers and acquisitions; and forecast the market size of segments with respect to 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.
This research study involves an extensive usage of secondary sources, directories, and databases (including D&B Hoovers, Bloomberg, Businessweek, and Factiva) to identify and collect information useful for this technical, market-oriented, and commercial aspect of the market size.
The research methodology used to estimate and forecast the cloud VPN market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure is employed to arrive at the overall market size of the cloud VPN testing market from the revenues of the key players in the market. After arriving at the overall market size, the total market is split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments. The breakdown of primary profiles on the basis of company, designation, and region, conducted during the research study, is depicted in the figure below:
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The market ecosystem comprises key vendors, such as Cisco Systems (US), Microsoft Corporation (US), Google (US), NCP engineering (Germany), Huawei Technologies (China), Robustel (China), Oracle (US), Contemporary Controls (US), Virtela (US), Singtel (Singapore), Cohesive Networks (US), and Array Networks (US). These Cloud VPN Software Vendors are rated and listed by us on the basis of product quality, reliability, and their business strategy.
Key Target Audience For Cloud VPN Market
- Cloud platform providers
- Cloud VPN software/service providers
- Managed service providers
- Internet service providers
- Government
- Communication service providers
- Third-party system integrators
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The cloud VPN report is broadly segmented into the following connectivity type, organization size, end user, and region.
By Component
- Software
- Services
Cloud VPN Market By Connectivity Type
- Site-to-Site
- Remote Access
By Organization Size
- Large Enterprises
- SMEs
By End User
- Service Providers
- Verticals
Cloud VPN Market By Region
- North America
- Europe
- APAC
- MEA
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakdown of the APAC market into countries contributing 75% to the regional market size
- Further breakdown of the North American market into countries contributing 75% to the regional market size
- Further breakdown of the Latin American market into countries contributing 75% to the regional market size
- Further breakdown of the MEA market into countries contributing 75% to the regional market size
- Further breakdown of the European market into countries contributing 75% to the regional market size
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
MarketsandMarkets forecasts the cloud VPN market to grow from 3.25 Billion in 2017 to USD 8.78 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.0% during the forecast period (20172022). Major factors driving the market are growing trends for virtual appliances, surge in cloud-based services, and growth in data security concerns.
The objectives of the report are to define, describe, and forecast the market size on the basis of component, connectivity type, organization size, and region. In market by components, the software segment is projected to hold the largest market share in the market during the forecast period. The cloud VPN services segment is expected to grow at a higher CAGR during the forecast period.
In the cloud VPN connectivity type, the remote access cloud VPN is expected to hold the largest market share during the forecast period. This is due to the high adoption rate of mobile devices and Bring Your Own Device (BYOD) trends among organizations. In the organization size segmentation, the SMEs segment is expected to grow at a higher CAGR, due to the large-scale adoption of cloud VPN solutions and cost effectiveness and centralized management capabilities during the forecast period
In the cloud VPN end-user market, the verticals segment is expected to grow at the highest rate during the forecast period. This is due to the preference to purchase the cloud VPN solutions and services directly from software vendors without relying on third-party service vendors. In the verticals end-user segment, the government and public utilities sector is expected to grow at the highest CAGR, while the telecom and IT sector is estimated to have the largest market share.
North America is expected to hold the largest market share in the cloud VPN market during the forecast period. This is due to the presence of many business enterprises seeking for a secure mode of communication present on the cloud. The inclination of an organization toward cloud-managed technologies has given a thrust to the market, which is expected to gain further traction in this region during the forecast period. APAC is expected to grow at a highest CAGR during the forecast period, as the region has the presence of creditable organizations that are gradually enabling the adoption of advance technologies.
The increasing demand for secure remote access and increased adoption of private clouds are benefiting all the stakeholders present in the market. However, lack of governance and standardization and fear of losing control over data and protection issues are restraining factors that may hamper business critical functions in the market.
Major vendors in the cloud VPN market are Cisco Systems (US), Microsoft (US), Google (US), NCP engineering (Germany), Huawei (China), Robustel (China), Oracle (US), Contemporary Controls (US), Virtela (US), Singtel (Singapore), Cohesive Networks (US), and Array Networks (US).
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary (Page No. - 21)
4 Premium Insights (Page No. - 25)
4.1 Attractive Market Opportunities
4.2 Cloud VPN Market, By Component (2017 vs 2022)
4.3 Market By Vertical and Region, 2017
4.4 Cloud VPN End-Users Market, By Vertical (2017 vs 2022)
4.5 Market By Region (2017 vs 2022)
5 Cloud VPN Market Overview and Industry Trends (Page No. - 28)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Shift Toward Virtual Appliances
5.2.1.2 Surge in Demand for Cloud Services
5.2.1.3 Growing Data Security Concerns
5.2.2 Restraints
5.2.2.1 Lack of Governance and Standardization
5.2.2.2 Fear of Losing Control Over Data and Protection Issues
5.2.3 Opportunities
5.2.3.1 Demand for Secure Remote Access
5.2.3.2 Increased Adoption of Private Clouds
5.2.4 Challenges
5.2.4.1 Limited Technical Knowledge
5.2.4.2 Lack of Expertise in Virtualization
5.3 Use Cases
5.3.1 Use Case 1: Cohesive Networks
5.3.2 Use Case 2: Array Networks
5.3.3 Use Case 3: Aerohive
5.3.4 Use Case 4: Singtel
6 Cloud VPN Market Analysis, By Component (Page No. - 33)
6.1 Introduction
6.2 Software
6.3 Services
6.3.1 Integration
6.3.2 Support and Maintenance
6.3.3 Training and Consulting
7 Cloud VPN Market Analysis, By Connectivity Type (Page No. - 39)
7.1 Introduction
7.2 Site-To-Site
7.3 Remote Access
8 Market Analysis, By Organization Size (Page No. - 43)
8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises
9 Cloud VPN Market Analysis, By End User (Page No. - 47)
9.1 Introduction
9.2 Service Providers
9.3 Verticals
9.3.1 Telecom and IT
9.3.2 Government and Public Utilities
9.3.3 Banking, Financial Services, and Insurance
9.3.4 Healthcare
9.3.5 Manufacturing
9.3.6 Retail
9.3.7 Others
10 Geographic Analysis (Page No. - 56)
10.1 Introduction
10.2 North America
10.2.1 United States
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 Latin America
11 Company Profiles (Page No. - 76)
(Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
11.1 Cisco Systems
11.2 Huawei
11.3 Microsoft
11.4 Google
11.5 Oracle
11.6 NCP Engineering
11.7 Array Networks
11.8 Robustel
11.9 Singtel
11.10 Cohesive Networks
11.11 Virtela
11.12 Contemporary Controls
*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, and Key Relationships Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 104)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (63 Tables)
Table 1 United States Dollar Exchange Rate, 20142016
Table 2 Cloud VPN Market Size, By Component, 20152022 (USD Million)
Table 3 Software: Market Size, By Region, 20152022 (USD Million)
Table 4 Services: Market Size, By Type, 20152022 (USD Million)
Table 5 Services: Market Size, By Region, 20152022 (USD Million)
Table 6 Integration Market Size, By Region, 20152022 (USD Million)
Table 7 Support and Maintenance Market Size, By Region, 20152022 (USD Million)
Table 8 Training and Consulting Market Size, By Region, 20152022 (USD Million)
Table 9 Cloud VPN Market Size, By Connectivity Type, 20152022 (USD Million)
Table 10 Site-To-Site: Market Size, By Region, 20152022 (USD Million)
Table 11 Remote Access: Market Size, By Region, 20152022 (USD Million)
Table 12 Market Size, By Organization Size, 20152022 (USD Million)
Table 13 Large Enterprises: Market Size, By Region, 20152022 (USD Million)
Table 14 Small and Medium-Sized Enterprises: Market Size, By Region, 20152022 (USD Million)
Table 15 Cloud VPN Market Size, By End-User, 20152022 (USD Million)
Table 16 Service Providers: Market Size, By Region, 20152022 (USD Million)
Table 17 Verticals: Market Size, By Region, 20152022 (USD Million)
Table 18 Verticals: Market Size, By Type, 20152022 (USD Million)
Table 19 Telecom and IT Market Size, By Region, 20152022 (USD Million)
Table 20 Government and Public Utilities Market Size, By Region, 20152022 (USD Million)
Table 21 Banking, Financial Services, and Insurance Market Size, By Region, 20152022 (USD Million)
Table 22 Healthcare Market Size, By Region, 20152022 (USD Million)
Table 23 Manufacturing Market Size, By Region, 20152022 (USD Million)
Table 24 Retail Market Size, By Region, 20152022 (USD Million)
Table 25 Other Verticals Market Size, By Region, 20152022 (USD Million)
Table 26 Global Cloud VPN Market Size, By Region, 20152022 (USD Million)
Table 27 North America: Market Size, By Component, 20152022 (USD Million)
Table 28 North America: Market Size, By Service, 20152022 (USD Million)
Table 29 North America: Market Size, By Connectivity Type, 20152022 (USD Million)
Table 30 North America: Market Size, By Organization Size, 20152022 (USD Million)
Table 31 North America: Market Size, By End-User, 20152022 (USD Million)
Table 32 North America: Market Size, By Vertical, 20152022 (USD Million)
Table 33 North America: Cloud VPN Market Size, By Country, 20152022 (USD Million)
Table 34 United States: Market Size, By Component, 20152022 (USD Million)
Table 35 United States: Market Size, By Service, 20152022 (USD Million)
Table 36 United States: Cloud VPN Market Size, By Connectivity Type, 20152022 (USD Million)
Table 37 United States: Market Size, By Organization Size, 20152022 (USD Million)
Table 38 United States: Market Size, By End-User, 20152022 (USD Million)
Table 39 United States: Market Size, By Vertical, 20152022 (USD Million)
Table 40 Europe: Cloud VPN Market Size, By Component, 20152022 (USD Million)
Table 41 Europe: Market Size, By Service, 20152022 (USD Million)
Table 42 Europe: Market Size, By Connectivity Type, 20152022 (USD Million)
Table 43 Europe: Market Size, By Organization Size, 20152022 (USD Million)
Table 44 Europe: Market Size, By End-User, 20152022 (USD Million)
Table 45 Europe: Market Size, By Vertical, 20152022 (USD Million)
Table 46 Asia Pacific: Cloud VPN Market Size, By Component, 20152022 (USD Million)
Table 47 Asia Pacific: Market Size, By Service, 20152022 (USD Million)
Table 48 Asia Pacific: Market Size, By Connectivity Type, 20152022 (USD Million)
Table 49 Asia Pacific: Market Size, By Organization Size, 20152022 (USD Million)
Table 50 Asia Pacific: Market Size, By End-User, 20152022 (USD Million)
Table 51 Asia Pacific: Market Size, By Vertical, 20152022 (USD Million)
Table 52 Middle East and Africa: Cloud VPN Market Size, By Component, 20152022 (USD Million)
Table 53 Middle East and Africa: Market Size, By Service, 20152022 (USD Million)
Table 54 Middle East and Africa: Market Size, By Connectivity Type, 20152022 (USD Million)
Table 55 Middle East and Africa: Market Size, By Organization Size, 20152022 (USD Million)
Table 56 Middle East and Africa: Market Size, By End-User, 20152022 (USD Million)
Table 57 Middle East and Africa: Market Size, By Vertical, 20152022 (USD Million)
Table 58 Latin America: Cloud VPN Market Size, By Component, 20152022 (USD Million)
Table 59 Latin America: Market Size, By Service, 20152022 (USD Million)
Table 60 Latin America: Market Size, By Connectivity Type, 20152022 (USD Million)
Table 61 Latin America: Market Size, By Organization Size, 20152022 (USD Million)
Table 62 Latin America: Market Size, By End-User, 20152022 (USD Million)
Table 63 Latin America: Market Size, By Vertical, 20152022 (USD Million)
List of Figures (32 Figures)
Figure 1 Cloud VPN Market: Segmentation
Figure 2 Regional Scope
Figure 3 Market Research Design
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Cloud VPN Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market: Assumptions
Figure 8 Market By Connectivity Type (2017 vs 2022)
Figure 9 Market, By Organization Size (2017 vs 2022)
Figure 10 Market By End User (2017 vs 2022)
Figure 11 Market By Region (2017-2022)
Figure 12 Surge in Demand for Cloud Services and Virtualization is Pushing the Cloud VPN Market
Figure 13 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Telecom and IT Vertical, and North America are Estimated to Hold the Largest Market Shares in 2017
Figure 15 Government and Public Utilities Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Cloud VPN Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Services Component is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Remote Access Connectivity Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Verticals Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Government and Public Utilities Segment is Expected to Grow at the Highest Growth Rate During the Forecast Period
Figure 23 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Regional Snapshot: Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 North America Market: Snapshot
Figure 26 Asia Pacific Cloud VPN Market: Snapshot
Figure 27 Cisco Systems: Company Snapshot
Figure 28 Huawei: Company Snapshot
Figure 29 Microsoft: Company Snapshot
Figure 30 Google: Company Snapshot
Figure 31 Oracle: Company Snapshot
Figure 32 Singtel: Company Snapshot
Growth opportunities and latent adjacency in Cloud VPN Market