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Revenues from Virtual Private Cloud Market to top $58.9 billion by 2024

(IT-NEWSWIRE.COM, July 06, 2019 ) Increased security, automation and agility, the need for IT modernization, automation of manual processes, and increased cost savings are the major growth factors for the Virtual Private Cloud market. However, compatibility issues with legacy systems may restrain the growth of the VPC market



Browse 52 market data Tables and 34 Figures spread through 103 Pages and in-depth TOC on "Virtual Private Cloud Market by Component (Software and Services), Service (Training and Consulting, Integration and Deployment, Support and Maintenance, and Managed Services), Organization Size, Vertical, and Region - Global Forecast to 2024"

https://www.marketsandmarkets.com/Market-Reports/virtual-private-cloud-market-116061704.html



North America is estimated to hold the largest market size in the global VPC market in 2018, and the trend is expected to continue during the forecast period. The region is a mature market, due to the large presence of several players offering VPC. Organizations shifting toward the adoption of emerging technologies and the increasing adoption of digital business strategies are the major factors for the adoption of VPC offerings in North America. The US and Canada are the top countries contributing to the growth of VPC market in North America.



The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to expand their presence in the global VPC market.



Major vendors in the global VPC market include:

AWS (US)

Microsoft (US)

Google (US)

Alibaba (China)

OVH (France)

Huawei (China)

Rackspace (US)

CenturyLink (US)

DXC (US)

Atos (France)



Managed services providers deliver third-party infrastructure services that help organizations manage billing processes for their products and services. Managed services are focused on service quality and end-user experience while delivering speed and cost optimization. As the end users adopt the VPC environment, managed services ensure and manage the additional operational challenges.



The growing connectivity of bandwidths and mobility trends can be seen more among large enterprises, due to the presence of a huge workforce. Moreover, the increasing demand for employees to access computing resources and applications from anywhere and at any time has made it complex for enterprises to store their data properly, maintain and manage their data centers, and focus on their core business operations.



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raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

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