Virtual Private Server Market Expected to Reach US$ 4,453.7 Mn by 2026

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According to a new market report published by Transparency Market Research, the global virtual private server market was valued at US$ 1,104.2 Mnin 2016 and is projected to expand at a compound annual growth rate of 15.4% from 2018 to 2026, reaching US$ 4,453.7 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the virtual private server market in 2016. This is primarily due to strong technological advancement and substantial application of virtual private servers by several end-users such as BFSI and IT & telecom across the region.
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Growing security concerns among enterprises driving the global virtual private server market
There is a considerable increase in the number of data breaches which needs to be avoided. VPS provides guaranteed dedicated resources such as RAM, CPU, bandwidth, and storage which is increasing its adoption among enterprises. Continuous spending by enterprises of all sizes on secured web hosting is the major factor which is expected to fuel the growth of the virtual private server market across the globe.

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