Virtual Private Cloud market to grow at 26% CAGR during 2016-2022
SMEs to dominate Virtual Private Cloud Market
Infoholic Research LLP, a global ICT market research and consulting organization, recently published a study titled “Virtual Private Cloud: Trends & Forecasts, 2016-2022.” Infoholic predicts that SMEs will dominate the Virtual Private Cloud (VPC) market in the coming years and this virtual private cloud market is estimated to reach $45.69 billion by 2022.
“Globally, BFSI and Telecom are the industry verticals which are spending a lot on secure and cost-friendly cloud solutions. It is predicted that by 2022, Public and E-commerce sectors will be spending a lot on cloud-based solutions. The growing dependence of these sectors on internet based applications is one of the reasons for cloud dependency,” said Tariq Shaik from Research Operations of Infoholic Research.
With growth predicted at a CAGR of 26.35% during the period 2016-2022, the virtual private cloud market has huge opportunity in industry verticals such as BFSI, transportation, telecom and hospitality. Further, it will see significant growth in the coming years due to the growing need for cost-friendly disaster recovery solutions.
“The growing number of SMBs and their dependence on cloud are driving the growth of the VPC market in the emerging regions. The major contributors of the market will be countries such as India, China and South Africa,” said Komal Sharma, Research Analyst at Infoholic Research.
According to Infoholic Research, the Asia-Pacific Excluding Japan (APEJ) region is one of the fastest growing VPC markets due to increased ICT infrastructure spending from SMEs, SMBs and the government.
The report aims to highlight key insights from vendors and end users. It provides an in-depth analysis and forecast about the industry covering the following key features:
Organization types and industry verticals
The market is divided into four regions: Americas, Europe, Asia-
Pacific Excluding Japan (APEJ), and Middle East & Africa (MEA)
Competitive benchmarking analysis to optimize short term and long term strategy of the organizations
Stakeholders’ insights and key trends (current and future) of the market