Global Virtual Private Cloud Market to Reach $334.5 Billion by 2030
The global market for Virtual Private Cloud estimated at US$96.3 Billion in the year 2023, is expected to reach US$334.5 Billion by 2030, growing at a CAGR of 19.5% over the period 2023-2030. Virtual Private Cloud Software, one of the segments analyzed in the report, is expected to record 18.8% CAGR and reach US$220.2 Billion by the end of the analysis period. Growth in the Virtual Private Cloud Services segment is estimated at 20.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $30.5 Billion, While China is Forecast to Grow at 19% CAGR
The Virtual Private Cloud market in the U.S. is estimated at US$30.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$58.1 Billion by the year 2030 trailing a CAGR of 19% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 16.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13.1% CAGR.
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