Cloud VPN Industry - Regional Synopsis
On the basis of geographical analysis, the global cloud VPN market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is anticipated to account for largest revenue share by 2037, on the back of growing proliferation of tech-giants in the developing nations, such as, Japan, India, and China, along with the growing IT sector in the region. For instance, the IT services industry in the APAC region is projected to reach approximately USD 240 billion by 2022.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the expansion of e-commerce industry in developed nations, such as, Canada and U.S. Moreover, growing penetration of internet and smart devices which require VPN, are anticipated to boost the regional market growth.
