A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Virtual Private Cloud – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 5; Released: May 2021
Executive Pool: 51
Companies: 11 – Players covered include Alibaba; Atos; AWS; CenturyLink; DXC; Google; Huawei; Microsoft; OVH; Rackspace and Others.
Coverage: All major geographies and key segments
Segments: Component (Software, Services); Vertical (BFSI, IT & Telecom, Government & Defense, Retail, Healthcare, Media & Entertainment, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Virtual Private Cloud Market to Reach $107.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Virtual Private Cloud estimated at US$35.6 Billion in the year 2020, is projected to reach a revised size of US$107.1 Billion by 2026, growing at a CAGR of 19.8% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 19.2% CAGR and reach US$84.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 21% CAGR for the next 7-year period.
The U.S. Market is Estimated at $13.2 Billion in 2021, While China is Forecast to Reach $19 Billion by 2026
The Virtual Private Cloud market in the U.S. is estimated at US$13.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$19 Billion by the year 2026 trailing a CAGR of 19.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 16.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.9% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.