Virtual Private Cloud Market Growing at a CAGR 23.0% | Key Player Google, Microsoft, Alibaba, AWS, Huawei

Virtual Private Cloud Market Growing at a CAGR 23.0% | Key Player Google, Microsoft, Alibaba, AWS, Huawei

AWS (US), Microsoft (US), Google (US), Alibaba (China), OVH (France), Huawei (China), Rackspace (US), CenturyLink (US), DXC (US), Atos (France).
Virtual Private Cloud Market by Component (Software and Services), Service (Training and Consulting, Integration and Deployment, Support and Maintenance, and Managed Services), Organization Size, Vertical, and Region – Global Forecast to 2024

The global Virtual Private Cloud (VPC) Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period, to reach USD 58.9 billion by 2024 from USD 20.9 billion in 2019. I increased flexibility and performance, and reduced time and cost are expected to spur the demand for VPC offerings across the globe.

Managed services help organizations increase efficiency, reduce the deployment time, and saves costs

Managed services providers deliver third-party infrastructure services that help organizations manage billing processes for their products and services. Managed services are focused on service quality and end-user experience while delivering speed and cost optimization. As the end users adopt the VPC environment, managed services ensure and manage the additional operational challenges.

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Need to store and manage data securely, improve scalability, and avoid redundancy and duplication of data to drive the adoption of VPC among large enterprises

The growing connectivity of bandwidths and mobility trends can be seen more among large enterprises, due to the presence of a huge workforce. Moreover, the increasing demand for employees to access computing resources and applications from anywhere and at any time has made it complex for enterprises to store their data properly, maintain and manage their data centers, and focus on their core business operations.

The VPC market includes major vendors, such as AWS (US), Microsoft (US), Google (US), Alibaba (China), OVH (France), Huawei (China), Rackspace (US), CenturyLink (US), DXC (US), Atos (France).

The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as AWS (US), Microsoft (US), and Alibaba (China) have majorly adopted many growth strategies, such as partnerships, and acquisitions to participate in research projects and grow further in the VPC market.

Microsoft (US) is one of the leading providers of VPC services. Microsoft offers a private network within the cloud. The company delivers an isolated and advanced secured environment for enterprises to run virtual machines and applications. The company enables enterprises to move their on-premises IT infrastructure over the cloud that further provides benefits, such as securely connected to a virtual network, get more flexibility and scalability, and connect to a remote branch office.

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Alibaba (China) is the world’s leading provider of public cloud services. Alibaba VPC services offer an isolated cloud network based on Alibaba cloud to use resources in a secure environment. The company helps enterprises in building customized IP address range, network segment, route table, and gateway. Alibaba’s VPC offering delivers numerous benefits to enterprises, such as a secure and isolated environment, scalability, flexibility, and reduced capital and operational expenditure.

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