Market Overview —
Market Research Future (MRFR) estimates that the global virtual private server (VPS) market value in 2017 was USD 2.525 million and this value can surge at USD 7,181.3 million by 2024. The market also holds the potential to achieve a strong growth rate of 15.4% during the forecast period (2017-2024).
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Primary Drivers and Key Barriers
Given the intense cut-throat competition at present, business entities have jumped on the bandwagon of digitization. With the aim of becoming more competitive, large enterprises, as well as small & medium enterprises, are making considerable investments in IT infrastructure. All types of enterprises are actively present on the Internet and boast of an expansive enterprise network connection. Today’s organizations, businesses, and even individuals are in need of an IT infrastructure as well as web-based applications that can help promote their products and services, in addition to interacting with customers. The business entities are opting for dedicated servers, instead of shared and public servers.
The global market for virtual private server notes solid growth in the face of increasing network security and privacy concerns coupled with the surging vulnerabilities in signaling systems. Moreover, rising traction of digitization across various verticals has also led the virtual private server market to greater heights in recent years.
Hike in cyber threats as well as cyber-attacks in data centers around the world has spiked the demand for VPS, which acts in favor of the market. This is due to the VPS server’s ability to provide a host of sandbox security features. Also, the high adoption of cloud computing has given a significant push to the deployment of VPS severs, given its virtualization ability to replicate the similarity of performance and security of VPS services. This is expected to be a prime growth-inducing factor in the market growth in the following years.
The worldwide market for virtual private server (VPS) has been thoroughly analyzed with respect to segments like service type, component, operating systems, organization size, and industry vertical.
Depending on the service type, the global VPS market segments are self-managed services and fully managed services.
With regard to component, the VPS market consists of servers and operating systems. The servers segment includes VPS cloud RAM, cloud VPS and VPS Solid State Drives (SSD).
The operating systems covered in the report are Linux, Windows, and others.
The organization sizes-based segments in the VPS market are small and medium enterprises (SMEs), as well as large enterprises.
The industry vertical-wise market segments include banking, financial services and insurance (BFSI), financial government and defense, healthcare and life sciences, energy and utilities, retail and e-commerce, and others.
Some of the key players in the global Virtual Private Server Market include DreamHost (US), InMotion Hosting (US), TekTonic (US), GoDaddy (US), Endurance International Group (US), OVH Group (France), DigitalOcean (US), Plesk (Switzerland), Rackspace (US), A2 Hosting (US), Amazon Web Services (US), United Internet (UK),Liquid Web (US), Linode (US), and Vultr (US).
The global market for VPS has been geographically distributed into Europe, North America, the Middle East and Africa, South America and Asia Pacific (APAC).
North America was the leading market for VPS in 2018, while APAC was believed to have the potential to achieve the fastest CAGR from 2019 to 2024. Europe can expect to gain the second position in the global VPS market during the appraisal period.
North America leads the market, thanks to its knack for quick adoption of the virtualization technology coupled with the presence of giants like Amazon Web Services (AWS), GoDaddy and Rackspace. These vendors mostly focus on expanding their base, with the introduction of advanced VPS offerings in the region. To illustrate, in 2018, GoDaddy launched its latest VPS hosting solutions in India, which allows users access their servers in a short time and also helps elevate the efficiency of the customers' sites.
The market size for VPAS in APAC can expand at the fastest rate in the given timeframe. The regional market benefits from the surging adoption of web hosting services among small and medium enterprises (SMEs) combined with the sizeable investments being made by the companies to induce a robust cloud infrastructure. These developments have been most prominent emerging countries like India, and China among others.
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Release ID: 88963020