The global virtual private cloud market is estimated to grow at a significant CAGR of 18.4% during the forecast period. The major factors boosting the growth of the market include rising demand for cloud-based services among small and medium enterprises (SMEs) coupled with increasing adoption of scalable, secure and flexible cloud solutions at an adequate cost. Moreover, rapid digitalization is further supporting to drive the adoption of VPC solutions across enterprises. Rapid digitalization has been attributed to the government and public-private organization efforts for digital transformation across industries. For instance, the World Economic Forum (WEF) introduced the Digital Transformation Initiative in 2015, in collaboration with Accenture, to serve as the focal point for new opportunities and themes arising from the latest developments in the digitalization of business and society.

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These efforts to provide insights about the impact of digitalization on business are encouraging firms to significantly adopt cloud-based solutions that increase flexibility, efficiency and reduce the maintaining and managing of IT systems. This, in turn, is contributing to the adoption of virtual private cloud resources across enterprises that provide flexibility to control and scale the workloads. This model supports an enterprise to achieve the advantages of private cloud, including an isolated environment for sensitive workloads and more granular control over virtual networks. Additionally, the platform enables to increase the internet protocol (IP) space of any subnets without any workload downtime and shutdown, which in turn, provides the flexibility to meet the business requirements. VPCs offer the resource-sharing advantages of a public cloud, combined with the security and performance benefits of a private cloud. As a result, it is driving the growth of the virtual private cloud market.

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Global Virtual Private Cloud Market Segmentation

By Vertical

Healthcare

Banking, Financial Services and Insurance (BFSI)

IT and Telecom

Government and Defense

Retail

Manufacturing

Others (Energy and Media and Entertainment)

By Organization Size

Large Enterprises

Small and Medium Enterprises (SMEs)

Regional Analysis

North America

US

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

Abacus Data Systems, Inc.

Alibaba Cloud International

Amazon Web Services, Inc. (AWS)

AT&T, Inc.

Atos SE

CenturyLink Cloud

Cisco Systems, Inc.

Citrix Systems, Inc.

Dell, Inc.

DXC Technology Co.

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