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Cloud VPN Market Trends

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Report ID: 4102
Published Date: Aug 15, 2024
Report Format: PDF, PPT

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Cloud VPN Market Trends

Growth Drivers

Increasing Adoption of Cloud-based Services
Growing Trend of Remote Working

Challenges

Lack of Awareness amongst People
Availability of Alternatives in the Market

Cloud VPN Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	22.6%
Base Year Market Size (2023)	USD 10.69 billion
Forecast Year Market Size (2036)	USD 151.13 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Cloud VPN Market Size & Share, Growth Forecasts 2036

Author Credits: Abhishek Verma

Report ID: 4102
Published Date: Aug 15, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of cloud VPN is evaluated at USD 12.62 billion.

Cloud VPN Market size was valued at USD 10.69 billion in 2023 and is set to cross USD 151.13 billion by 2036, registering more than 22.6% CAGR during the forecast period i.e., between 2024-2036. Increasing demand for cloud-based services amongst enterprises will boost the market growth.

Asia Pacific industry is predicted to hold largest revenue share by 2036, 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.

The major players in the market are Cisco Systems, Inc., Huawei Technologies Co., Ltd., Singapore Telecommunications Limited, NCP engineering GmbH, Verizon Communications Inc., and others.

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