Cloud VPN Market Size (2024 - 2029)

Cloud VPN Market Analysis

The Cloud VPN Market size is estimated at USD 9.46 billion in 2024, and is expected to reach USD 27.08 billion by 2029, growing at a CAGR of 23.40% during the forecast period (2024-2029).

Cloud VPN or Virtual Private Network as a Service (VPNaaS) is a VPN that utilizes a cloud-based network infrastructure to deliver VPN services. It offers VPN access, where the user can access through a cloud platform over the public Internet.

• The increasing trend towards BYOD and enterprise mobility, growing data concerns, and the adoption of work-from-home drive the demand for cloud VPNs. Furthermore, the growth of cloud migrations increased VPN usage in various businesses worldwide, as most organizations store sensitive data in the cloud.
• Furthermore, as enterprises migrate away from on-premise workloads toward data centers via their cloud strategies, the need for cloud VPN is also expected to grow. The increasing demand for secure remote access and increased adoption of private clouds are also expanding the scope for vendors in the market studied.
• Many Managed Security Service Providers (MSSPs) and cloud providers offer VPNaaS. Effective security mandates the management of VPN environments. These mandates can be outsourced to providers that either host a managed VPN solution or ensure the management of the VPN.
• As enterprises are embracing digitalization and leading to the growing adoption of cloud-based servers, the limited technical knowledge among the employees to deploy digitalization further poses a challenge to the cloud VPN market.
• The spread of COVID-19 positively impacted the market due to disruptions in the supply chain owing to extended factory closures globally. Many countries across the globe mandated work-from-home situations on public health safety concerns that drove the need for remote working infrastructure.

Cloud VPN Industry Segmentation

The adoption of cloud service raises security concerns among end users, hence driving demand for cloud VPN solutions. The scope of the study for the cloud VPN market is limited to the offerings made by the vendors in software or services for both enterprise sizes in a wide range of end-user industries.

The Cloud VPN Market is segmented by type (remote access VPN, site-to-site VPN), enterprise size (small and medium enterprise, large enterprise), end-user verticals (government and public utilities, IT and telecommunication, BFSI, healthcare, retail, manufacturing), and geography (North America (United States, Canada), Europe (Germany, United Kingdom, France, rest of Europe), Asia Pacific (China, Japan, South Korea, India, rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, rest of Latin America), Middle East & Africa (UAE, Saudi Arabia, South Africa, rest of Middle East & Africa)).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.