Managed VPN services enable users to manage and monitor their organization’s network, and provide a complete view of the network. In today’s fast growing business world, organizations are moving from current legacy networks to VPN based services
A recent offering by Market Research Reports Search Engine (MRRSE) focusing on the exclusive updates and opportunities in the global Managed VPN market has been broadcasted to its mega-repository. This page study is titled as “Global Market Study on Managed VPN: Cloud Service Providers to Witness the Fastest Adoption During 2018-2026”, which acts as an essential tool for various players involved in the manufacturing of Managed VPN.
Besides, the report can support them to gain incisive insights into the market with which they can make informed decisions and also frame effective key strategies. With an extensive forecast to 2018-2026 the study aims to provide a holistic perspective on the market’s growth in terms of revenue in US$ Mn and CAGR, across different geographical regions namely North America, Europe, Asia Pacific excluding Japan, Middle East & Africa, Japan and South America.
In today’s fast growing business world, organizations are moving from current legacy networks to VPN based services. Every day, the amount of data created and processed is increasing, which leads to an increase in the demand for valuable IT resources that can look after the flow and management of this data.
In order to cater to this demand, organizations are outsourcing IT operations, which results in increasing their spending on outsourced services. Organizations are now moving towards the adoption of managed network services such as managed VPNs, which create a private network within an organization and secure critical data from any type of security breach.
service providers design, install, manage, and maintain the local and global network of organizations, which reduces the cost pressure on internal IT resources to manage VPN infrastructure efficiently. Such features provided by managed VPNs are driving the growth of the global market.
Enterprises to lead the way in future
Managed VPN services enable users to manage and monitor their organization’s network, and provide a complete view of the network. Service providers help enterprises manage the end points of the network, and notify users whenever a threat is detected.
Moreover, enterprises can access a portal where all the activities of the network, such as performance reporting, network health monitoring, service management, and SLA management are reported, which makes management of the network easier. Furthermore, managed services help organizations in the optimum utilization of all the resources, which increases the efficiency of the organization.
Small and medium enterprises are increasing rapidly across the globe. These enterprises need efficient VPN services to connect their customers globally through the Internet.
Managed VPN services can focus on such enterprises that are doing business on a small scale, but they need to fulfill the demand at a global level. The demand for VPN services in small and medium level enterprises could be less, but if service providers succeed to reach a large number of SMBs, they could earn good revenue from these enterprises.
Cloud services to rise in popularity
Advancements in technology have led to innovation in cloud enabled services. Factors such as high availability of data, flexibility, scalability, and mobility have led to tremendous growth in the cloud service market.
A rapid increase in the number of cloud service providers across the world has created tremendous opportunities for managed VPN service providers to integrate their services with the cloud by entering into strategic partnerships with cloud service providers. This collaboration will also help resolve the problem of cyber security breaches, as managed VPNs provide secure access to organizational networks.
However, the high costs involved might impact the adoption of managed VPN services by different end users. The advantage offered by a managed virtual private network service is that it eliminates the cost of managing the network and reduces in-house IT costs significantly.
However, there are many other costs involved, which put a plug in the adoption of these services. The cost of the transformation of the company’s systems, the cost of technology adoption, and the cost of management all tend to gradually increase.
This initial cost factor is considered as a big challenge for organizations to adopt these services, thereby restraining the growth of the global market for managed VPN services.
Data Analysis and Projection
Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.
For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies.
In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.
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