The global Virtual Private Cloud market size is projected to grow from USD 29.9 Billion in 2019 to USD 58 Billion by 2024, at a CAGR of 23.0% during the forecast period. Increasing security, automation and agility, the need to modernize IT, automating manual processes and increasing cost savings are the major growth drivers for the Virtual Private Cloud market. However, compatibility issues with legacy systems may limit the growth of the VPC market.
A full report of Virtual Private Cloud Market available at https://www.orionmarketreports.com/virtual-private-cloud-market/41691/
Some of the key players influencing the market are Microsoft Corporation, IBM Corporation, Amazon Web Services, Hewlett-Packard (HP), Google, Inc., VMware, Inc., Oracle Corporation, Cisco Systems, Inc., NetApp, Inc., and Red Hat, Inc. among others.
Virtual Private Cloud Market: Segmentation
By Component
• Software
• Service
By Organization Size
• Small and Medium-Sized Enterprises
• Large Enterprises
By Vertical
• Banking, Financial Services, and Insurance
• IT and Telecom
• Government and Defense
• Healthcare
• Media and Entertainment
• Retail
• Manufacturing
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
