Global Managed IP VPN Market Size By Product Type, By Application, By Geographic Scope And Forecast

Managed IP VPN Market Size And Forecast

Managed IP VPN Market was valued at USD 2.14 Billion in 2019 and is projected to reach USD 33.72Billion by 2027, growing at a CAGR of 41.2% from 2020 to 2027.

Rise in number of smart devices is driving the demand for secure connectivity. Thereby, the demand for secure networks is on the rise among individuals across the globe. The Global Managed IP VPN Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Managed IP VPN Market Definition

A virtual private network is a technology that creates a secure and encrypted connection over a network. A VPN secures connection with encryption over the Internet. VPN service providers offer services such as reliable, super-fast, and ultra-secure connectivity, strong encryption, and others. VPN services delivered through a cloud-based network infrastructure are known as cloud VPN. It is widely used to deliver VPN access to end users and subscribers with diverse geographies through a cloud platform over the public Internet. Hence, owing to the aforementioned factors, the global cloud VPN market is anticipated to experience significant growth.

Cloud VPN is also known as virtual private network as a service or hosted VPN. The primary objective of a cloud VPN is to provide same level security accessible VPN services without the need for additional or any VPN infrastructure on the user’s end. Cloud VPN connectivity services are provided to the end user through the provider’s website or a desktop or mobile app. Also, the pricing of cloud VPN services vary as it charges the customer based on pay-per-usage or a flat-fee subscription. That is, end users are charged based on the amount of storage, network, hardware, and other resources that are utilized.

Global Managed IP VPN Market Overview

Increase in number of smart devices is driving the demand for secure connectivity. Thereby, the demand for secure networks is on the rise among individuals across the globe. This is a major factor that boosts the adoption of cloud VPN among the IT & telecommunication sector, which in turn is expected to drive the growth of the global cloud VPN market. Proliferation of virtual appliances among several organizations to increase their product offerings is anticipated to increase in adoption of cloud. High adoption of cloud services for virtual appliances is also a major factor expected to propel the growth of the global cloud VPN market. Moreover, rise in awareness of cloud VPN benefits such as encrypted network traffic, deployable private servers, distributed global IP addresses, manage network activity, and its ability to conduct geo-targeting, and quality assurance are some factors that are further expected to drive the growth of the global market. However, dearth of technical skills is a major factor that hampers the cloud VPN market growth. Furthermore, rise in number of SME cloud-based service providers is an opportunistic factor of the global cloud VPN market.

The rise in demand for increased adoption and secure remote access of private clouds are benefiting all the stakeholders present in the market. However, lack of standardization and governance and fear of losing control over data and protection issues are restraining factors that may hamper business critical functions in the market.

Global Managed IP VPN MarketSegmentation Analysis

The Global Managed IP VPN Market is segmented based on Product Type, Application, and Geography.

Managed IP VPN Market, By Product Type

• Remote Access VPN• Site-to-site VPN

Based onComponent,the market is bifurcated into Remote Access VPN, Site-to-site VPN. The Content segment is expected to inflate the market growth. VPN service providers offer services such as super-fast, reliable, and ultra-secure connectivity, strong encryption, and others.

 Managed IP VPN Market, By Application

• BFSI, Healthcare• IT and Media• Transportation• Manufacturing, Energy• Other

Based on Application,the market is bifurcated into BFSI, Healthcare, IT and Media, Transportation, Manufacturing, Energy, Other. VPN services delivered through a cloud-based network infrastructure are known as cloud VPN. It is widely used to deliver VPN access to end users and subscribers with diverse geographies through a cloud platform over the public Internet.

 Managed IP VPN Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of regional analysis, the Global Managed IP VPN Market is classified intNorth America is expected to hold the largest market share in the forecast period. The attendance of significant players such as Microsoft and Google will boost the market growth with the help of incorporating technological advancements in the product portfolio.Increased disbursements of enterprises in Research and Development would expand the market growth across the region.

Key Players

The “Global Managed IP VPN Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Orange Business Services, AT&T, Verizon Communication, Cisco Systems, BT Group PLC, Vodafone Group, NTT Corporation, CenturyLink, Telefonica, Tata Communications.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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