Global $29.8B Managed VPN Market Outlook, 2027 - Cloud Service Providers Will Account for $9.9B of the Market
DUBLIN, July 17, 2020 /PRNewswire/ -- The "Managed VPN - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to this 9th edition of this report. The 125-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
The Managed VPN market in the U.S. is estimated at US$3.8 Billion in the year 2020. The country currently accounts for a 29.54% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$5.2 Billion in the year 2027 trailing a CAGR of 12.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.3% and 10.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR while Rest of European market (as defined in the study) will reach US$5.2 Billion by the year 2027.
Other End-Uses Segment Corners a 9.5% Share in 2020
In the global Other End-Uses segment, USA, Canada, Japan, China and Europe will drive the 12.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$982.7 Million in the year 2020 will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.5 Billion by the year 2027.
Competitors identified in this market include, among others:
Total Companies Profiled: 38
For more information about this report visit https://www.researchandmarkets.com/r/ojxf25
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