The Virtual Private Cloud (VPC) is an emerging market poised to potentially overtake the private cloud’s market share in the coming years. VPC combines the advantages of private and public clouds by offering a private cloud solution within a public cloud infrastructure. This approach provides users with a secure and personalized data storage space within the public cloud environment. Currently, VPC solutions are gaining popularity among Small and Medium Enterprises (SMEs) and Small and Medium Businesses (SMBs). VPC solutions are not only cost-friendly but also more secure compared to other cloud alternatives. The VPC market is experiencing significant growth, particularly in developed regions like the Americas and Europe, and is gradually expanding to other parts of the world.
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Market Dynamics
The Virtual Private Cloud (VPC) market is projected to achieve a remarkable Compound Annual Growth Rate (CAGR) of 26.35% during the period from 2016 to 2022. Several factors are driving the growth of the VPC market, including the need for cost-effective disaster recovery solutions and simplified installation processes. However, challenges such as limited awareness of VPC solutions in developing and underdeveloped regions could potentially hinder market growth. Nevertheless, the VPC market presents substantial opportunities in industry verticals like financial institutions, transportation, telecommunications, and hospitality.
Regional Outlook
The VPC market is analyzed across four major regions:
- Americas
- Europe
- Asia-Pacific Excluding Japan (APEJ)
- Middle East and Africa (MEA)
Among these, the APEJ region stands out as one of the fastest-growing VPC markets. This growth is attributed to increased Information and Communication Technology (ICT) infrastructure investments by SMBs, SMEs, and governments.
Key Players
Leading players in the VPC market include industry giants like Amazon, Google, VMware, HP, Microsoft, and IBM. Additionally, there are notable companies to watch for, such as Jelastic, Digital Ocean, Cloud One, and Cloudyn.
Global Impact
The global public cloud market is a multi-billion-dollar industry, and VPC is positioned to make a significant impact. VPC solutions offer a compelling blend of security and cost-efficiency, making them an attractive choice for organizations worldwide. As businesses across various industry verticals gradually migrate to VPC, even emerging economies in the APEJ and MEA regions are embracing these solutions. Many VPC service providers and vendors originate from developed markets in the Americas but are expanding their reach into regions like Central Eastern Europe (CEE), the Subcontinent, and the Middle East. This expansion is expected to result in substantial growth in these regions due to government initiatives and increased investments in Information Technology (IT).
Future Outlook
The global VPC market is expected to maintain its robust growth, with an estimated CAGR of 26.4% during the forecast period from 2016 to 2022. As VPC continues to transform cloud computing, it offers businesses the best of both worlds – the security of private clouds and the scalability of public clouds.
Key Market Players
- VMware Inc.
- Computer Sciences Corp. (CSC)
- Hewlett Packard Co. (HP)
- Amazon.com, Inc.
- Google Inc.
- Cisco Systems
- Microsoft Corporation
- International Business Machines Corp. (IBM)
- Accenture
- Intel Corporation
- Jelastic
- CloudOne
- Cloudyn
- Digital Ocean
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