Virtual Private Server (VPS) Market Regional Analysis, Key Players, Industry Segments, Development, Opportunities, Forecast to 2027
Market Scope According to MRFR analysis, the Virtual Private Server Market was valued at USD 2,773.6 million in 2020 and it is expected to reach USD 7,181.3 million, growing at a CAGR of 15.0% during the forecast period. The market growth is attributed to the growth in the adoption of virtualization technology across industry verticals, increasing need for curbing IT expenses over infrastructure, and the growing demand for secured accessibility of web hosting applications. However, the availability of shared hosting, dedicated hosting, and cloud servers are likely to limit the growth of the global VPS market during the assessment period. 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; restrict