Managed MPLS Market

Global Managed MPLS Market by Services (Level 2 VPN and Level 3 VPN), End-users (BFSI, Government, Healthcare, IT & Telecommunication, Manufacturing, Retail, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: ICT-SE-4195
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 176
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The global managed MPLS market is expected to register a high CAGR during the forecast period, between 2021 and 2028. MPLS networks are private networking technology that focus on using network labels instead of using network address to operate the telecommunication traffic. The use of this technology offer numerous advantages including excellent networking reliability and performance since such platforms enable traffic prioritization using the class of service (CoS) feature. MPLS VPNs are the most common types of WAN services used by business organizations to expand their operations across the globe. The advantages of employing MPLS networks include increased bandwidth utilization, decreased network congestion, and a better end-user experience. The surge in smartphone penetration and the number of internet-connected phones have influenced to push the expansion of the telecom grid. However, network operators are confronted with a slew of issues related to insufficient bandwidth. Focusing on these issues, service provides are heavily investing for the development of new methods to overcome bandwidth constraints and expand in the MPLS market.

Managed MPLS Market key takeaways

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing global company expansion and increasing needs for upgrade the networking system to ensure smooth communication and operations are major drivers boosting MPLS network usage.
  • Rising demand for secure connectivity among numerous business units and effective data management is estimated to propel market expansion.
  • Growing BYOD policies, wide deployment of mobile backup haul networks, and increased adoption of cloud service are some major drivers that drive the market growth.
  • High expenses for implementation of an MPLS network and issues concerning to users privacy are major challenges that can hamper the overall market growth.
  • Technology advancement such as Machine learning and integration of innovative technologies such as IoT are offering significant opportunities for market expansion.

Scope of the report:

The report on the global managed MPLS market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Managed MPLS Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Services (Level 2 VPN and Level 3 VPN), End-users (BFSI, Government, Healthcare, IT & Telecommunication, Manufacturing, Retail, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

Cisco; AT&T; BT; Vodafone Limited; NTT Global Data Centers and Cloud Infrastructure, India; Lumen Technologies; Orange Business Services; Syringa Networks; SPRINTUG INTERNET LTD; T-Mobile USA, INC; Telefónica Global Solutions S.L.U.; Verizon Communications; and Global Cloud Xchange

 

Managed MPLS Market Segment Insights:

Level 2 VPN segment is projected to hold significant market share

Based on services, the managed MPLS market is bifurcated into level 2 VPN and level 3 VPN. The level 2 VPN segment is projected to hold significant market share due to the necessity in a variety of applications such as defense, government, and banking sectors. Several carriers including BT and AT&T introduced L2VPN systems to enhance the business operations across several industries. Organizations that use the L2VPN service often need fewer than 20 corporate locations that require more than 10 Mbps of bandwidth and allow strict control over their networking. The level 3 VPN segment, however, is projected to expand at a robust pace in the coming years. The numerous equipment suppliers that provide equipment such as Integrated Access Devices (IADs), firewalls, and VPN dialers to help organizations construct layer 3 MPLS IP VPN services.

BFSI segment is anticipated to account for a substantial share

On the basis of end-users, the market is segmented into BFSI, government, healthcare, IT & telecommunication, manufacturing, retail, and others. The BFSI segment is anticipated to account for substantial market share owing to the growing number of data breaches that have prompted banks to take control of their routing and network. To solve these security concerns, major BFSI institutes' widely adopt both layer 2 VPN and layer 3 VPN MPLS to ensure smart operations of their financial services. With the increased digitalization of BFSI operations and the expanding amounts of client data, the BFSI sector has seen significant benefits from the deployment of cloud services to meet these needs. However, this acceptance has increased the sector's vulnerability to data breaches and attacks, prompting institutes to choose networks that enable the smooth operation of cloud services while assuring security. These reasons have contributed to the rising penetration of MPLS networks in the BFSI sector.

Managed MPLS Market by end users

North America is expected to dominate the market

In terms of regions, the market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market in the coming years due to the emergence of cloud computing among businesses. Moreover, rising demand for managed MPLS networks among large organizations to make their networks more efficient and secure, resulting in increased demand for these sorts of services. Furthermore, the presence of a big number of industry players in the region presents another key aspect of the regional market growth.

Segments

By Services
  • Level 2 VPN
  • Level 3 VPN
By End-users
  • BFSI
  • Government
  • Healthcare
  • IT & Telecommunication
  • Manufacturing
  • Retail
  • Other
By Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
By Key Players
  • Cisco
  • AT&T
  • BT
  • Vodafone Limited
  • NTT Global Data Centers and Cloud Infrastructure, India
  • Lumen Technologies
  • Orange Business Services
  • Syringa Networks
  • SPRINTUG INTERNET LTD
  • T-Mobile USA, INC
  • Telefónica Global Solutions S.L.U.
  • Verizon Communications
  • Global Cloud Xchange

Competitive Landscape

Key players in the global managed MPLS market are Cisco; AT&T; BT; Vodafone Limited; NTT Global Data Centers and Cloud Infrastructure, India; Lumen Technologies; Orange Business Services; Syringa Networks; SPRINTUG INTERNET LTD; T-Mobile USA, INC; Telefónica Global Solutions S.L.U.; Verizon Communications; and Global Cloud Xchange. These players have adopted several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Managed MPLS Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Managed MPLS Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Managed MPLS Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Managed MPLS Market - Supply Chain
  4.5. Global Managed MPLS Market Forecast
     4.5.1. Managed MPLS Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Managed MPLS Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Managed MPLS Market Absolute $ Opportunity
5. Global Managed MPLS Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Managed MPLS Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Managed MPLS Demand Share Forecast, 2019-2026
6. North America Managed MPLS Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Managed MPLS Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Managed MPLS Demand Share Forecast, 2019-2026
7. Latin America Managed MPLS Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Managed MPLS Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Managed MPLS Demand Share Forecast, 2019-2026
8. Europe Managed MPLS Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Managed MPLS Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Managed MPLS Demand Share Forecast, 2019-2026
9. Asia Pacific Managed MPLS Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Managed MPLS Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Managed MPLS Demand Share Forecast, 2019-2026
10. Middle East & Africa Managed MPLS Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Managed MPLS Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Managed MPLS Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Managed MPLS Market: Market Share Analysis
  11.2. Managed MPLS Distributors and Customers
  11.3. Managed MPLS Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cisco
     11.4.2. AT&T
     11.4.3. BT
     11.4.4. Vodafone Limited
     11.4.5. NTT Global Data Centers and Cloud Infrastructure, India
     11.4.6. Lumen Technologies
     11.4.7. Orange Business Services
By Services
  • Level 2 VPN
  • Level 3 VPN
By End-users
  • BFSI
  • Government
  • Healthcare
  • IT & Telecommunication
  • Manufacturing
  • Retail
  • Other
By Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
By Key Players
  • Cisco
  • AT&T
  • BT
  • Vodafone Limited
  • NTT Global Data Centers and Cloud Infrastructure, India
  • Lumen Technologies
  • Orange Business Services
  • Syringa Networks
  • SPRINTUG INTERNET LTD
  • T-Mobile USA, INC
  • Telefónica Global Solutions S.L.U.
  • Verizon Communications
  • Global Cloud Xchange

Key players in the global managed MPLS market are Cisco; AT&T; BT; Vodafone Limited; NTT Global Data Centers and Cloud Infrastructure, India; Lumen Technologies; Orange Business Services; Syringa Networks; SPRINTUG INTERNET LTD; T-Mobile USA, INC; Telefónica Global Solutions S.L.U.; Verizon Communications; and Global Cloud Xchange. These players have adopted several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Managed MPLS Market by key players

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