Multi-Protocol Labeled Switching, Internet Protocol, Virtual private network Services Market

Multi-Protocol Labeled Switching, Internet Protocol, Virtual private network Services Market by Services (Layer 2 and Layer 3), Applications (Audio Conferencing, Video Conferencing, and Automated Machines), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-477
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 185
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The global multi-protocol labeled switching, internet protocol, virtual private network services (MPLS IP VPN) market is expected to expand at a robust CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the benefits offered such as cost maximization and performance maximization.

MPLS IP VPN service is a virtual private network (VPN) for safely connecting two or more locations over the public internet or private MPLS VPN network.

Global MPLS IP VPN Market Summary

Market Trends, Drivers, Restraints, and Opportunities:

  • Decreasing preference towards ATM and frame relay is estimated to expand the MPLS IP VPN service market during the forecast period.
  • Organizations migrating from rural regions have implemented layer 2 and layer 3 MPLS IP VPN services, which in turn, helps to increase the revenue.
  • MPLS IP VPN services support enterprises in organizing applications such as creation of disaster recovery infrastructure, Voice over Internet Protocol (VoIP) by class of service (CoS), and simplifying network management.
  • The capability to offer accessible bandwidth and convergence of data, video, and voice from several platforms on a single platform is projected to encourage the integration of MPLS IP VPN services.
  • Ability to support multipoint full-mesh connectivity is anticipated to fulfill consumer’s requirements.
  • MPLS IP VPN service is well-equipped to detect security issues, when data is transferred to cloud by enterprises.

Scope of the Report:

The report on the MPLS IP VPN service market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Global MPLS IP VPN Service Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Services (Layer 2 and Layer 3), Applications (Audio Conferencing, Video Conferencing, and Automated Machines), and Regions

Regional Scope

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

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Sprint, BT, Verizon Business, AT&T, Telefónica, Global Crossing, Telstra International, Reliance Globalcom, and Orange Business Services

 

Market Segment Insights:

The layer 3 segment is expected to expand at rapid pace during the forecast period
Based on services, the global MPLS IP VPN service market is bifurcated into layer 2 and layer 3. Layer 3 VPNs (L3VPN) are global and available with majority services providers; hence enterprises can implement a global network easily. Moreover, various equipment vendors offer equipment such as firewall, Integrated Access Devices (IADs), and VPN dialers, which assists enterprises in building layer 3 MPLS IP VPN service. Organizations generally opting for L2VPN service have less than 20 corporate locations, which require a bandwidth of less than 10 Mbps. The IT department of such organizations opts to outsource their routing decisions and networking.

The Layer 2 VPN (L2VPN) service is expected to fulfill the demand for enhanced security, which is required in several applications such as government agencies, defense, and banks. Several carriers such as BT and AT&T have deployed L2VPN solutions, whereas some regional service providers have improved their offerings. Organizations generally opting for L2VPN service have less than 20 corporate locations, which require a bandwidth of more than 10 Mbps. The departments of such organizations wish to maintain steady control of their networking.

Global MPLS IP VPN Market By Application

The video conferencing segment is expected to expand at a substantial CAGR during the forecast period
On the basis of applications, the global MPLS IP VPN service market is segregated as audio conferencing, video conferencing, and automated machines. Growth of video conferencing segment is attributed to high quality of service (QoS) provided by MPLS. Networks need high quality of service to run apps such as VoIP for video conferencing to prevent latency and other irregularities. MPLS IP VPN service provides major bandwidth between the user’s site and the service providers’ network to satisfy the requirements of VoIP. Audio conferencing is anticipated to expand at a rapid pace during the forecast period. Rising number of small and medium businesses (SMBs) using LTE and broadband wireless access are expected to boost the market.

IT managers in organizations usually make decisions concerning the deployment of software and hardware VPNs. In comparison to their counterparts, hardware VPNs offer improved security to enterprises. Software VPNs share a server with other operating applications and systems, which increases their chances to be hacked.

The market in North America held a major share of the total revenue in 2018
In terms of regions, the global MPLS IP VPN service market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The US-based providers Sprint, Verizon Business, AT&T, and Global Crossing have huge national networks, with MPLS PoPs in numerous major Canadian and US cities coupled with second-tier US markets. There has been a major influx of international carriers in the MPLS IP VPN services market including Reliance Globalcom, BT, Orange Business Services, Telefonica, and Telstra International in North America during the past few years to help their present MNC clients in the region.

The market in Asia Pacific is characterized by large number of service providers rolling out MPLS IP VPN services. Telstra and Tata Communication are major MPLS IP VPN service providers in the region.

Global MPLS IP VPN Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. MPLS IP VPN 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. MPLS IP VPN Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. MPLS IP VPN Market - Supply Chain
  4.5. Global MPLS IP VPN Market Forecast
     4.5.1. MPLS IP VPN Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. MPLS IP VPN Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. MPLS IP VPN Market Absolute $ Opportunity
5. Global MPLS IP VPN Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. MPLS IP VPN Market Size and Volume Forecast by Applications
     5.3.1. Audio Conferencing
     5.3.2. Video Conferencing
     5.3.3. Automated Machines
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global MPLS IP VPN Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. MPLS IP VPN Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global MPLS IP VPN Demand Share Forecast, 2019-2026
7. North America MPLS IP VPN 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
  7.2. North America MPLS IP VPN Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America MPLS IP VPN Market Size and Volume Forecast by Applications
     7.4.1. Audio Conferencing
     7.4.2. Video Conferencing
     7.4.3. Automated Machines
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America MPLS IP VPN Demand Share Forecast, 2019-2026
8. Latin America MPLS IP VPN 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. Latin America Average Pricing Analysis
  8.2. Latin America MPLS IP VPN Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America MPLS IP VPN Market Size and Volume Forecast by Applications
     8.4.1. Audio Conferencing
     8.4.2. Video Conferencing
     8.4.3. Automated Machines
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America MPLS IP VPN Demand Share Forecast, 2019-2026
9. Europe MPLS IP VPN 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. Europe Average Pricing Analysis
  9.2. Europe MPLS IP VPN Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe MPLS IP VPN Market Size and Volume Forecast by Applications
     9.4.1. Audio Conferencing
     9.4.2. Video Conferencing
     9.4.3. Automated Machines
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe MPLS IP VPN Demand Share Forecast, 2019-2026
10. Asia Pacific MPLS IP VPN 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific MPLS IP VPN Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific MPLS IP VPN Market Size and Volume Forecast by Applications
     10.4.1. Audio Conferencing
     10.4.2. Video Conferencing
     10.4.3. Automated Machines
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific MPLS IP VPN Demand Share Forecast, 2019-2026
11. Middle East & Africa MPLS IP VPN Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa MPLS IP VPN Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa MPLS IP VPN Market Size and Volume Forecast by Applications
     11.4.1. Audio Conferencing
     11.4.2. Video Conferencing
     11.4.3. Automated Machines
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa MPLS IP VPN Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global MPLS IP VPN Market: Market Share Analysis
  12.2. MPLS IP VPN Distributors and Customers
  12.3. MPLS IP VPN Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Sprint
     12.4.2. BT
     12.4.3. Verizon Business
     12.4.4. AT&T
     12.4.5. Telefónica
     12.4.6. Global Crossing
     12.4.7. Telstra International
     12.4.8. Reliance Globalcom
     12.4.9. Orange Business Services
Segments Covered in the Report:
The global MPLS IP VPN service market has been segmented on the basis of

Services
  • Layer 2
  • Layer 3
Applications
  • Audio Conferencing
  • Video Conferencing
  • Automated Machines
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Sprint
  • BT
  • Verizon Business
  • AT&T
  • Telefónica
  • Global Crossing
  • Telstra International
  • Reliance Globalcom
  • Orange Business Services

Key players in the global MPLS IP VPN service market include Sprint, BT, Verizon Business, AT&T, Telefónica, Global Crossing, Telstra International, Reliance Globalcom, and Orange Business Services. Usually, major operators have network sites in a single geographical region. They created network to network interface (NNI) relations with local operators in India, China, and the US to spread service availability.

Global MPLS IP VPN Market By Key Players

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