Cloud VPN is an open-source, mesh-networking capable communication tool. It differentiates itself
from other VPNs by serving as a generic transport layer for
any packet-based data traffic, which can include traditional VPN
purposes, but is easily extensible to any other kind of traffic.
Cloud Virtual
Private Network (VPN) is a type of VPN that operates on a cloud-based network
infrastructure, which is also sometimes referred to hosted VPN or VPN as a
service (VPNaaS). Cloud VPN provides a global VPN access to end users including
its subscribers and third-party users over public internet. A VPN is mostly
meant to permit a user, a connection to the internet over a server run by an
enterprise. As most of the data or information on the server is encrypted for
privacy, a cloud VPN can provide a secure access over the internet for using
the private network through the virtual environment. In this report,
MarketsandMarkets expects the cloud VPN market size to grow from USD 3.25
billion in 2017 to USD 8.78 billion by 2022, at a Compound Annual Growth Rate
(CAGR) of 22.0%.
Key players
in the cloud VPN market include Cisco Systems (US), Microsoft (US), Google
(US), NCP engineering (Germany), Huawei (China), Robustel (China), Oracle (US),
Contemporary Controls (US), Virtela (US), Singtel (Singapore), and Cohesive
Networks (US). These players have adopted various strategies, such as
partnerships, collaborations, agreements, mergers and acquisitions, and new
product launches, to achieve growth in the global cloud VPN market.
Cisco Systems
is among the leading players in the cloud VPN market. The fundamental objective
of the company is to meet a client’s requirements and provide new advancements
in cloud VPN. The company serves clients across various industries, such as
government, Banking, Financial Services, and Insurance (BFSI), retail,
healthcare, automotive, manufacturing, IT and telecom, and aerospace and
defense. The company has its major presence in North America, Europe, and Asia
Pacific (APAC), Middle East and Africa (MEA), and Latin America.
Cisco Systems
is one of the leading providers of cloud VPN solutions and services. The
company operates through various business segments, such as switching;
Next-Generation Network (NGN) routing; collaboration; data center; wireless;
service provider video; security; and other products. The organization follows
both organic and inorganic growth strategies for expansion of its market
shares. For instance, in June 2017, Cisco launched the Cisco Virtual Managed
Services 3.0 Cloud VPN Service Pack v1, a cloud solution that enables customers
to develop secure private network in the cloud. Similarly, in March 2015, the
company collaborated with Deutsche Telekom and launched Deutsche Telekom’s
Cloud VPN service in Croatia, Hungary, and Slovakia.
Huawei is
another leading provider of cloud VPN software and services to various
verticals across the globe. The company has a significant presence in many
countries and primarily serves China, EMEA, APAC, and the Americas. Huawei’s
long-term strategy includes both organic and inorganic growth strategies, where
it launches new cloud VPN solutions and enhances its capabilities through
acquisitions of strong companies. For instance, in February 2017, the company
launched the Cloud EPN solution for interconnection of networks in enterprises.
EPN supports SD-WAN and Cloud VPN. In November 2016, Huawei launched the new
CloudVPN Integration Service solution. This solution overcomes the
disadvantages associated with enterprise-leased line services. It also includes
a variety of VAS. In December 2016, Huawei acquired 2 companies: Toga Networks
and HexaTier. These acquisitions has enhanced Huawei’s network portfolio with
security solutions. These developments helped the company to enhance its
capabilities as well as gain a significant market share in the global cloud VPN
market.
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