Virtual Private Server Market Forecast : Market Will Boom In Near Future
𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [130 Pages]
A virtual private server (VPS) is a single physical server, usually isolated from other virtual private servers that are physically separated from the other virtual private servers on the Internet. The virtual private server has a single meaning in the world of web hosting. VPS can be thought of as having the functionality of a dedicated physical server. With this definition alone it can be said that VPS gives web hosting users the ability to run and use applications and features that would otherwise be impossible without physical isolation. VPS can be thought of as a bridge between shared and dedicated hosting.
The main factor driving the growth of the virtual private server market is the increasing focus on securing enterprises and increasing concerns related to cybersecurity breaches. For instance, according to the National Crime Records Bureau of India, in 2020, India was ranked 11 across the globe in the number of cyber-attacks caused by various servers that were hosted in the nation that accounts for 2,299,682 events in the first quarter of 2020. Moreover, the advancement of virtualization is propelling the growth of the virtual private server market. The global virtual private server market is augmented by its advantage of sharing the service costs and OS access. Additionally, customers are also preferring virtual private servers owing to the massive processing power, scalability, flexibility, and cost-effectiveness of the servers, which is estimated to boost the market growth.
𝗚𝗼 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗯𝗼𝘂𝘁 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗦𝗲𝗿𝘃𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁
However, the limited availability of resources is the main restraining factor hindering the market growth of virtual private servers. Additionally, the stagnant growth of the virtual private servers owing to the absence of technical skills and less availability of physical resources is estimated to hinder the market.
Key players operating in the virtual private server market include United Internet AG, TekTonic, Savari Technologies Pvt. Ltd (MediaStroke), Rackspace US, Inc., Kamatera, Inc., GoDaddy Operating Company, LLC, Endurance Group, DreamHost, LLC, and Amazon Web Services.
This market is distributed in five regions that include Asia-Pacific, North America, Europe, Africa, and the Middle East, and Latin America. Among these, North America is expected to hold a significant share of the virtual private server market, owing to the increase of cybercrimes in the region. For instance, according to FBI Cyber Division, in 2020 there were around 540 data breaches, however, no records were exposed. While in 2019, there were 1506 data breaches with 14.68 million records exposed. Along with the constant demand for virtual private server in organizations is expected to augment the market growth in the region. The virtual private server market in the Asia Pacific is estimated to witness significant growth owing to several cybersecurity campaigns launched by authoritarian bodies.
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In April 2020, GoDaddy Inc. acquired Neustar Inc’s Registry business. Likewise in February 2020, Liquid Web, LLC, introduced the Acronis Cyber Backups for Dedicated Hosting.
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