VPS Industry growth Outlook, COVID19 Impact on Industry, Share Value, Growth Drivers and Industry Forecast to 2027
Market Scope
The VPS Industry 2020 could
gain a decent CAGR of 15.4% between 2020 and 2027 (evaluation period). The
market is performing reasonably well and is expected to touch a valuation of
USD 7,181.3 million by 2027, says MRFR. We will provide COVID-19 impact
analysis with the report. The COVID-19 impact on the market has been carefully
studied, following which the report outlines the key developments post the
coronavirus disease outbreak.
COVID-19 Analysis
SARS-CoV-2 has impacted the worldwide economy by disrupting the
balance between supply and demand, making the supply chain weak, and inducing
major revenue losses across companies and the finance sector. The novel
coronavirus and the resultant lockdown has led to travel bans, closed
restaurants; flight cancellations; restrictions on various events; stock market
fluctuations; declining business confidence and surge in chaos among people.
Furthermore, after the pandemic outbreak, the cases of data
breaching have increased significantly, as hackers are trying to take advantage
of the vulnerability of the IT sector. As a result, different sized enterprises
are spending massively on better infrastructure to protect the databases that
are at risk in the public cloud environment. This situation brought on by the
COVID-19 outbreak has caused significant demand for virtual private servers/VPS
among enterprises, to enable users to securely and safely deploy application
software. Also, the e-commerce sector has been a life saver of sorts for the
VPN market, in light of the growing need to run several operations in a secure
environment, especially during these uncertain times.
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Key Boosters and Main Barriers
Product innovation and new launches remain some of the most
favored strategies that the leading vendors employ in order to expand their
global presence and also boost their customer base, which also induces market
growth. To cite a reference, in June 2020, OVHcloud US launched the latest
range of virtual private servers, which boasts of resource configurations that
can be customized with various software options as well as add-on features. The
VPS line includes different options of advanced Windows and Linux operating
systems along with applications such as Docker and WordPress.
Virtual private servers are in great demand among small as well as
large enterprises in the wake of escalating concerns with regard to data
security and the surge in cyber threat cases. Additionally, the significant
expansion of the virtualization field has been a notable growth inducer in the
virtual private network market.
Some of the major trends include the increase in share hosting
being upgraded to virtual network among several enterprises, which works in
favor of the virtual private server industry. The growing use of Windows
servers, given its low cost, high processing power, excellent scalability and
better flexibility can also boost the market’s growth potential in the coming
years.
Market Segmentation
The virtual private server industry can be dissected in terms of
service type, component, organization size as well as industry vertical.
The key service types in the market include self-managed services
as well as fully managed services.
The market sections, depending on component, are operating systems
and servers.
The ranges with respect to the organization size can be narrowed
down to small & medium enterprises/SMEs coupled with large enterprises.
The industry verticals studied in the market research are retail
and e-commerce, energy and utilities, IT & telecom, healthcare and life
sciences, government and defense, banking, financial services and
insurance/BFSI, and more.
Regional Outlook
The regional categorization of the VPS market covers North
America, Asia Pacific/APAC, South America Europe, and the Middle East and
Africa/MEA.
In 2018, the global leader was North America in the market while
APAC was anticipated to acquire the highest growth rate between 2019 and 2024.
Europe can be the second leading market for VPS over the review period.
The high prevalence of high-end and innovative technologies like
Big Data along with fast uptake of the virtualization technology among
enterprises ensures North America’s lead in the global market. The massive pool
of highly renowned tech giants such as Amazon Web Services, GoDaddy and
Rackspace also promotes market expansion in the region.
The APAC market’s dramatic growth in the coming years can be the
result of the surge in internet use, escalating consumption rate of
smartphones, and the rising penetration of cloud-based services among SMEs and
large companies. With the steadily expanding start-up ecosystem in India and
China, VPS services are expected to observe significant demand in the following
years. In addition, the continuous efforts by government to promote
digitalization among industries stimulate the demand for server hosting
services.
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Leading Market Firms
Leading market firms across the world include Endurance International
Group (US), Linode (US), GoDaddy (US), OVH Group (France), A2 Hosting (US),
Vultr (US), DreamHost (US), United Internet (UK), DigitalOcean (US), Plesk
(Switzerland), InMotion Hosting (US), TekTonic (US), Amazon Web Services (US),
Liquid Web (US), Rackspace (US), to mention a few.
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