The global virtual private cloud (VPC) market is predicted to touch USD 50 billion at a 26% CAGR over the forecast period (2017-2023), states the new Market Research Future (MRFR) report
A virtual private cloud (VPC) market, simply put, is an on-demand shared computing resource that is configurable allotted in a public cloud environment. It offers a specific isolation level between the various organizations using the resources. Data control, on-demand flexibility, improved performance, and enhanced security are some of its key features.
VPC is basically a private cloud infrastructure offered within the public cloud. Here the resources are owned as well as operated by cloud providers. The virtual private cloud isolates the resources of one user from another’s through a private, individualized IP subnet, and linked by virtual networks such as encrypted channels or VLANs (virtual local area networks). It offers a secure data transfer among a public cloud provider and a private enterprise. This ensures that the data of every customer stays isolated from the data of another customer, in transit, as well as, inside the network of the cloud provider. Such isolation can be accomplished with security policies that need all or some of these- allocating every customer a unique VLAN, encryption, tunneling, or private IP addressing.
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Various factors are propelling the virtual private cloud market growth. These factors, as specified by the Market Research Future (MRFR) report, include reduced cost and time, increased flexibility, excellent performance, easy installation, and growing popularity of virtual private cloud among most small and medium enterprises. Additional factors boosting market growth include increased accessibility of public infrastructure by providers, increasing growth of the internet of things, uncomplicated installations, and affordable disaster recovery solutions.
On the contrary, poor infrastructure of the internet in a few countries may hinder the virtual private cloud market growth over the forecast period.
The Market Research Future report provides a wide segmental analysis of the virtual private cloud market based on vertical, organization size, and delivery model.
Based on delivery model, the virtual private cloud market is segmented into platform delivery model, infrastructure delivery model, software delivery model, and others.
Based on organization size, the virtual private cloud market is segmented into large enterprises, small-medium enterprises, and small and medium businesses.
Based on vertical, the virtual private cloud market is segmented into IT and telecommunication, government, media and entertainment, healthcare, BFSI, manufacturing, and others.
Leading players profiled in the virtual private cloud market report include NetApp, Inc. (US), Red Hat, Inc. (US), Cisco Systems, Inc. (US), Oracle (US), VMware, Inc. (US), Google, Inc. (US), Microsoft Corporation (US), IBM Corporation (US), HP (US), and Amazon Web Services (US).
June 2019: Renowned threat hunting, threat detection, and response solutions provider, Fidelis Cybersecurity has announced support for popular Amazon VPC (virtual private cloud) traffic mirroring which enables customers in monitoring network traffic consistently for data loss and threats directly in the cloud through Fidelis Network sensors.
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Based on the region, the virtual private cloud market report covers growth opportunities and the latest trends across Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. This is owing to technological advancements coupled with the presence of a flourishing infrastructure here that provides higher penetration of devices that ultimately offers high-speed connectivity. Canada, as well as, the US are the chief contributors here. This is due to the presence of a good number of cloud service providers here.
The virtual private cloud market in the APAC region is predicted to have significant growth over the forecast period. It is predicted to grow at the fastest pace and at the highest CAGR. This is owing to cost-effective cloud services and burgeoning demand for cloud platforms in India, China, as well as Japan.
The VPC market in Europe is predicted to have a notable growth over the forecast period. The UK, France, and Germany are the key contributors here. This is owing to various technological advancements, rising adoption of cloud computing, and growing demand for the virtual private cloud from small and medium enterprises.
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