$4.7 Billion Worldwide Cloud VPN Industry to 2027 - U.S. Market is Estimated at $1.4 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 3, 2021--
The “Cloud VPN - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Cloud VPN estimated at US$4.7 Billion in the year 2020, is projected to reach a revised size of US$15.6 Billion by 2027, growing at a CAGR of 18.7% over the period 2020-2027.
Software, one of the segments analyzed in the report, is projected to record 16.9% CAGR and reach US$9.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 21.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 18.5% CAGR
The Cloud VPN market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.8 Billion by the year 2027 trailing a CAGR of 18.5% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.4% and 16% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.2% CAGR.
Select Competitors (Total 46 Featured):
- Array Networks, Inc.
- Cisco Systems, Inc.
- Cohesive Networks
- Contemporary Control Systems, Inc.
- Google, Inc.
- Huawei Technologies Co., Ltd.
- Microsoft Corporation
- NCP Engineering GmbH
- Oracle Corporation
- Singapore Telecommunications Limited (Singtel)
Key Topics Covered:
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/8e8kf4
View source version on businesswire.com:https://www.businesswire.com/news/home/20210903005373/en/
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INDUSTRY KEYWORD: MOBILE/WIRELESS TECHNOLOGY NETWORKS
SOURCE: Research and Markets
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PUB: 09/03/2021 12:16 PM/DISC: 09/03/2021 12:16 PM