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Managed MPLS Market Report by Service (Level 3 VPN, Level 2 VPN), End User (IT and Telecommunication, Healthcare, BFSI, Retail, Manufacturing, Government, and Others), and Region 2024-2032

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    Report

  • 141 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5947290
The global managed MPLS market size reached US$ 64.6 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 107.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2023-2032.

Managed multi-protocol label switching (MPLS) is a networking technology used to improve the speed and control of network traffic. It is an isolated network that works independently of an internet connection. It provides a high level of performance to end users and allows traffic prioritization using a class of service features. Managed MPLS offers scalability, enhanced performance, better bandwidth utilization, and reduced network congestion. As compared to the virtual private network (VPN), MPLS provides a reliable routing technique and speeds up a connection since each router does not need to perform an internet protocol (IP) lookup. As a result, managed MPLS finds extensive applications across the healthcare, telecommunication, and banking, financial services, and insurance (BFSI) industries.

Managed MPLS Market Trends:

Significant growth in the information technology (IT) and telecommunication industry across the globe is creating a positive outlook for the market. In line with this, the increasing smartphone penetration and the growing number of internet-enabled devices are favoring the market growth. Managed MPLS directs data from one network node to the next using labels instead of long network IP addresses, avoiding complex lookups in a routing table. Additionally, the rising need for secure communications across diverse business units and good data management has increased the usage of MPLS networks, which is acting as another growth-inducing factor. Apart from this, the widespread adoption of MPLS to boost data security on cloud storage, owing to the transition from conventional workplace methods to work-from-home scenarios during the COVID-19 pandemic, is providing an impetus to the market growth. Moreover, the growing demand for high-quality service for video conferencing and voice-over-internet protocol (VoIP) is positively influencing the market growth. Besides this, increasing data breaches and attacks in the BFSI industry, extensive research and development (R&D) activities, and the increasing need for secure connectivity and effective means of data management among businesses are anticipated to drive the market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global managed MPLS market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on service and end user.

Breakup by Service:

  • Level 3 VPN
  • Level 2 VPN

Breakup by End User:

  • IT and Telecommunication
  • Healthcare
  • BFSI
  • Retail
  • Manufacturing
  • Government
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., BT Global Services Limited (BT Group plc), Cisco Systems Inc., Lumen Technologies Inc., Nippon Telegraph and Telephone Corporation, Orange S.A., Syringa Networks LLC, T-Mobile US Inc. (Deutsche Telekom AG), Verizon Communications Inc. and Vodafone Group Plc. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global managed MPLS market in 2023?
2. What is the expected growth rate of the global managed MPLS market during 2024-2032?
3. What are the key factors driving the global managed MPLS market?
4. What has been the impact of COVID-19 on the global managed MPLS market?
5. What is the breakup of the global managed MPLS market based on the service?
6. What is the breakup of the global managed MPLS market based on the end user?
7. What are the key regions in the global managed MPLS market?
8. Who are the key players/companies in the global managed MPLS market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Managed MPLS Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service
6.1 Level 3 VPN
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Level 2 VPN
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End User
7.1 IT and Telecommunication
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Healthcare
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 BFSI
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Retail
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Manufacturing
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Government
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 AT&T Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 BT Global Services Limited (BT Group plc)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 SWOT Analysis
13.3.3 Cisco Systems Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Lumen Technologies Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Nippon Telegraph and Telephone Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Orange S.A.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Syringa Networks LLC
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 T-Mobile US Inc. (Deutsche Telekom AG)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Verizon Communications Inc.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Vodafone Group Plc
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report
List of Figures
Figure 1: Global: Managed MPLS Market: Major Drivers and Challenges
Figure 2: Global: Managed MPLS Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Managed MPLS Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Managed MPLS Market: Breakup by Service (in %), 2023
Figure 5: Global: Managed MPLS Market: Breakup by End User (in %), 2023
Figure 6: Global: Managed MPLS Market: Breakup by Region (in %), 2023
Figure 7: Global: Managed MPLS (Level 3 VPN) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Managed MPLS (Level 3 VPN) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Managed MPLS (Level 2 VPN) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Managed MPLS (Level 2 VPN) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Managed MPLS (IT and Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Managed MPLS (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Managed MPLS (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Managed MPLS (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Managed MPLS (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Managed MPLS (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Managed MPLS (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Managed MPLS (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Managed MPLS (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Managed MPLS (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Managed MPLS (Government) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Managed MPLS (Government) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Managed MPLS (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Managed MPLS (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: North America: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: North America: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: United States: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: United States: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Canada: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Canada: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Asia-Pacific: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Asia-Pacific: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: China: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: China: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Japan: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Japan: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: India: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: India: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: South Korea: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: South Korea: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Australia: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Australia: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Indonesia: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Indonesia: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Others: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Others: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Europe: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Europe: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Germany: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Germany: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: France: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: France: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: United Kingdom: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: United Kingdom: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Italy: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Italy: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Spain: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Spain: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Russia: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Russia: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Latin America: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Latin America: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Brazil: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Brazil: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Mexico: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Mexico: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Middle East and Africa: Managed MPLS Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Middle East and Africa: Managed MPLS Market: Breakup by Country (in %), 2023
Figure 73: Middle East and Africa: Managed MPLS Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Global: Managed MPLS Industry: SWOT Analysis
Figure 75: Global: Managed MPLS Industry: Value Chain Analysis
Figure 76: Global: Managed MPLS Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Managed MPLS Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Managed MPLS Market Forecast: Breakup by Service (in Million US$), 2024-2032
Table 3: Global: Managed MPLS Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 4: Global: Managed MPLS Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Managed MPLS Market: Competitive Structure
Table 6: Global: Managed MPLS Market: Key Players

Companies Mentioned

  • AT&T Inc.
  • BT Global Services Limited (BT Group plc)
  • Cisco Systems Inc.
  • Lumen Technologies Inc.
  • Nippon Telegraph and Telephone Corporation
  • Orange S.A.
  • Syringa Networks LLC
  • T-Mobile US Inc. (Deutsche Telekom AG)
  • Verizon Communications Inc
  • Vodafone Group Plc.

Methodology

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Table Information