US Virtual Private Cloud Market Size, Share and Trends Analysis Report, By Component (Software and Services), By Organization Size (Small and Medium Businesses (SMBs) and Large Enterprises), By Industry Vertical (Government and Defense, Banking, Financial Services, and Insurance (BFSI), Manufacturing, Media and Entertainment, IT and Telecom, Healthcare, Retail, and Others), Forecast (2022-2028)

US Virtual Private Cloud market is anticipated to grow at a significant CAGR of 20.5% during the forecast period (2022-2028). Virtual private cloud is a secure, isolated private cloud hosted within a public cloud. The major factor expected to drive the US virtual private cloud market is due to the rapid increase in demand from small and medium enterprises and increased number of data breaches over a network due to unauthorized access by third parties. Additionally, increasing adoption of cloud-based services by large enterprises across different industry verticals is contributing to the growth of the market. The governments across the countries have been investing heavily towards digitizing their operations for improved productivity along with cost reduction through efficient management practices. This results in the widespread use of virtual private clouds among organizations along with the growing digitalization business models such as “as a service” has contributed significantly towards fueling product innovation & development by VPC providers. These are some factors that propel the growth of the market during the forecast period.

Moreover, there is an increasing demand for private cloud in the region as it is used for creating private cloud services which are assemble on an existing virtualization infrastructure, which includes hardware and software resources. Whereas, by industrial vertical segment, BFSI (Banking, Financial Services, and Insurance) sector dominates the market owing to the increasing number of banking fraud cases and cyberattacks on the banks. This leads to an increasing demand for virtual private cloud that provides a secure platform for carrying out business transactions to customers without worrying about data leakages or any other security threats.

Some major players in the market include Google LLC, Amazon Web Services Inc. (AWS), and Microsoft Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2021, Dell Technologies a part of Dell Inc. announced the launch of a new private cloud service through Project Apex. With this launch, Dell Technologies Cloud Platform will offer its customers the ability to scale up or cut out their IT infrastructures.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Component
  • By Organization Size
  • By Industry Vertical
• Geographically-
  • Northeast
  • Midwest
  • South
  • West

• Competitive Landscape- Google LLC, Amazon Web Services Inc. (AWS), and Microsoft Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

US Virtual Private Cloud Market Report by Segment

By Component

• Software
  • Service

By Organization Size

• Small and Medium Businesses (SMBs)
• Large Enterprises

By Industrial Vertical

• Government and Defense
• Banking, Financial Services, and Insurance (BFSI)
• Manufacturing
• Media and Entertainment
• IT and Telecom
• Healthcare
• Retail
• Others