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Virtual Private Cloud Market Worth $58.9 Billion by 2024 - Exclusive Report by MarketsandMarkets™
[June 20, 2019]

Virtual Private Cloud Market Worth $58.9 Billion by 2024 - Exclusive Report by MarketsandMarkets™


CHICAGO, June 20, 2019 /PRNewswire/ -- According to a new market research report "Virtual Private Cloud Market by Component (Software and Services), Service (Training and Consulting, Integration and Deployment, Support and Maintenance, and Managed Services), Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Virtual Private Cloud Market is expected to grow from USD 20.9 billion in 2019 to USD 58.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period. Increased flexibility and performance, and reduced time and cost are expected to spur the demand for VPC offerings across the globe.

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Browse in-depth TOC on "Virtual Private Cloud Market"

52 – Tables

34 – Figures   

103 – Pages     

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116061704

Managed services help organizations increase efficiency, reduce the deployment time, and saves costs

Managed services providers deliver third-party infrastructure services that help organizations manage billing processes for their products and services. Managed services are focused on service quality and end-user experience while delivering speed and cost optimization. As the end users adopt the VPC environment, managed services ensure and manage the additional operational challenges.

Need to store and manage data securely, improve scalability, and avoid redundancy and duplication of data to drive the adoption of VPC among large enterprises

The growing connectivity of bandwidths and mobility trends can be seen more among large enterprises, due to the presence of a huge workforce. Moreover, the increasing demand for employees to access computing resources and applications from anywhere and at any time has made it complex for enterprises to store their data properly, maintain and manage their data centers, and focus on their core business operation.



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North America to dominate the global Virtual Private Cloud Market in 2019

North America is estimated to hold the largest market size in the global VPC market in 2018, and the trend is expected to continue during the forecast period. The region is a mature market, due to the large presence of several players offering VPC. Organizations shifting toward the adoption of emerging technologies and the increasing adoption of digital business strategies are the major factors for the adoption of VPC offerings in North America. The US and Canada are the top countries contributing to the growth of VPC market in North America.

The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to expand their presence in the global VPC market. Major vendors in the global Virtual Private Cloud Market include AWS (US), Microsoft (US), Google (US), Alibaba (China), OVH (France), Huawei (China), Rackspace (US), CenturyLink (US), DXC (US), Atos (France).

Browse Adjacent Markets: Cloud Computing Market Research Reports & Consulting

Browse Related reports:

Cloud Computing Market by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Deployment Model (Public, Private, and Hybrid), Organization Size, Workload, Vertical, and Region - Global Forecast to 2023

https://www.marketsandmarkets.com/Market-Reports/cloud-computing-234.html

Cloud Infrastructure Services Market by Service Type (Storage as a Service, Compute as a Service, Disaster Recovery and Backup as a Service), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2023

https://www.marketsandmarkets.com/Market-Reports/cloud-infrastructure-services-market-116511247.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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