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.
Managed VPN market size will grow from XX Million in 2018 to XX Million by 2024, at an estimated CAGR of XX %. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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.Also, 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.
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By Market Players:
AT&T Inc., Cisco Systems, Inc., BT Group PLC, CenturyLink, Inc., Vodafone Group Plc, Verizon Communication Inc., Orange Business Services SAS, Tata Communication Ltd., NTT Corporation, Telefónica, S.A.
By End User
Cloud Service Providers, Enterprises ,
By Type
Remote Access VPN, Site-to-site VPN ,
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The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
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