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.

Global Managed VPN Market to Reach US$29.8 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Managed VPN estimated at US$12.9 Billion in the year 2020, is projected to reach a revised size of US$29.8 Billion by 2027, growing at a CAGR of 12.7% over the analysis period 2020-2027.

Cloud Service Providers, one of the segments analyzed in the report, is projected to grow at a 14% CAGR to reach US$9.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Enterprises segment is readjusted to a revised 12% CAGR for the next 7-year period. This segment currently accounts for a 59.7% share of the global Managed VPN market.

The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 12.1% CAGR for the Period of 2020-2027

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:

• AT&T, Inc.
• BT Group PLC
• CenturyLink, Inc.
• Cisco Systems, Inc.
• NTT Corporation
• Orange Business Services
• Tata Communications Ltd.
• Telefonica SA
• Verizon Communications, Inc.
• Vodafone Group PLC

Total Companies Profiled: 38

For more information about this report visit https://www.researchandmarkets.com/r/ojxf25

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SOURCE Research and Markets