Virtual Private Server Market to cross $2bn by 2025: Global Market Insights, Inc.
June 30, 2019 / GlobeNewswire
The virtual private server (VPS) market is predicted to hike from USD 1 billion in 2018 to over USD 2 billion by 2025, according to a 2019 Global Market Insights, Inc. report. The market growth is attributed to an increase in demand for secured hosting by enterprises, rising adoption of virtualization technology, and supporting digitalization initiatives in developing countries.The increasing adoption of cloud technology across the enterprises for hosting and supporting critical business functions is another factor contributing to VPS market share. The enterprises’ approach for enhanced control over the servers without interference from the other shared servers is enabling them to migrate to VPS over the traditional physical servers.