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Managed Multiprotocol Label Switching (MPLS) - Global Strategic Business Report

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    Report

  • 289 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5997920
The global market for Managed Multiprotocol Label Switching (MPLS) was estimated at US$20.5 Billion in 2023 and is projected to reach US$27.7 Billion by 2030, growing at a CAGR of 4.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.Managed Multiprotocol Label Switching (MPLS) is a highly efficient networking technology that streamlines data transmission across complex networks by using labels to route packets rather than long network addresses. This approach reduces the time needed for data processing and improves overall network performance, making it ideal for organizations with high-volume, latency-sensitive applications such as VoIP, video conferencing, and cloud computing. Managed MPLS services are particularly valuable for businesses with multiple locations, as they provide secure, reliable, and scalable connectivity across geographically dispersed sites. By outsourcing MPLS management to service providers, organizations can focus on their core operations while ensuring optimal network performance and uptime.

What Technological Trends Are Shaping the Managed MPLS Market?

The managed MPLS market is evolving with several technological trends that enhance its capabilities and appeal. The integration of software-defined networking (SDN) is a significant trend, as it allows for greater network flexibility and dynamic traffic management. SDN enables service providers to offer customized MPLS services that can be quickly adapted to meet changing business needs. The rise of hybrid networking solutions, which combine MPLS with broadband or LTE connections, is another trend, providing businesses with cost-effective and resilient network options. Additionally, advancements in network security technologies, such as end-to-end encryption and advanced firewalls, are ensuring that managed MPLS services can meet the growing demands for data protection and regulatory compliance.

What Challenges Are Faced by the Managed MPLS Market?

The managed MPLS market faces several challenges, including the increasing complexity of network environments as organizations adopt more cloud-based and IoT applications. Managing these hybrid environments while maintaining the performance and security standards of MPLS networks can be challenging. Another challenge is the cost associated with MPLS services, which can be higher than alternative networking solutions such as SD-WAN. Additionally, the emergence of new technologies like 5G and SD-WAN presents competition to traditional MPLS services, as these alternatives offer similar benefits with potentially lower costs and greater flexibility. Ensuring seamless integration with existing IT infrastructure and managing network transitions also pose significant challenges for service providers and businesses alike.

What Is Driving Growth in the Managed MPLS Market?

The growth in the managed MPLS market is driven by several factors. The increasing demand for reliable and secure network connectivity, especially among enterprises with multiple locations, is a primary driver. The rise of cloud computing, IoT, and real-time applications is also fueling the need for high-performance networking solutions like MPLS. Additionally, the trend towards digital transformation across industries is pushing organizations to adopt managed services that can ensure network efficiency and scalability. The growing complexity of IT environments and the need for specialized expertise in managing these networks are encouraging businesses to outsource MPLS management, further driving market growth. As more companies recognize the benefits of managed MPLS in improving network performance and security, the market is expected to continue its upward trajectory.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Level 2 VPN Service segment, which is expected to reach US$17.5 Billion by 2030 with a CAGR of a 4.7%. The Level 3 VPN Service segment is also set to grow at 4.0% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, which was estimated at $5.6 Billion in 2023, and China, forecasted to grow at an impressive 7.4% CAGR to reach $5.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Managed Multiprotocol Label Switching (MPLS) Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Managed Multiprotocol Label Switching (MPLS) Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Managed Multiprotocol Label Switching (MPLS) Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as AT&T Enterprise Business, Bharat Sanchar Nigam Ltd., Bharti Airtel Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 49 Featured):

  • AT&T Enterprise Business
  • Bharat Sanchar Nigam Ltd.
  • Bharti Airtel Ltd.
  • BT Business
  • Cisco Systems, Inc.
  • CloudFlare, Inc.
  • Forcepoint LLC
  • Juniper Networks, Inc.
  • Lumen Technologies, Inc.
  • Orange Business Services
  • Palo Alto Networks, Inc.
  • Reliance Jio Infocomm Ltd.
  • Syringa Networks
  • Verizon Communications, Inc.
  • Zscaler, Inc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Managed Multiprotocol Label Switching (MPLS) - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Increasing Demand for Secure and Reliable Network Solutions Propels MPLS Market Growth
  • Advances in Network Virtualization and SD-WAN Drive the Evolution of MPLS
  • Growing Adoption of Cloud-Based Services Expands Addressable Market for MPLS
  • Rising Demand for High-Performance Connectivity Solutions Strengthens MPLS Business Case
  • Integration of MPLS with Next-Generation Network Architectures Spurs Market Expansion
  • Increasing Focus on Data Privacy and Security Drives MPLS Adoption
  • Growth of Remote Work and Distributed Enterprises Generates Demand for MPLS
  • Technological Innovations in Network Management Tools Enhance MPLS Offerings
  • Expansion of Global Enterprise Networks Propels Market Growth
  • Growing Importance of Latency-Sensitive Applications Spurs MPLS Adoption
  • Adoption of Hybrid Networking Models Combines MPLS with SD-WAN for Enhanced Performance
  • Demand for Scalable and Flexible Network Solutions Sustains MPLS Market Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Managed Multiprotocol Label Switching (MPLS) Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Managed Multiprotocol Label Switching (MPLS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Managed Multiprotocol Label Switching (MPLS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Managed Multiprotocol Label Switching (MPLS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Level 2 VPN Service by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Level 2 VPN Service by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Level 2 VPN Service by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Level 3 VPN Service by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Level 3 VPN Service by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Level 3 VPN Service by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for IT & Telecom Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for IT & Telecom Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for IT & Telecom Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Healthcare Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Healthcare Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Healthcare Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for BFSI Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for BFSI Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for BFSI Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Retail Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Retail Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Retail Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Managed Multiprotocol Label Switching (MPLS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AT&T Enterprise Business
  • Bharat Sanchar Nigam Ltd.
  • Bharti Airtel Ltd.
  • BT Business
  • Cisco Systems, Inc.
  • CloudFlare, Inc.
  • Forcepoint LLC
  • Juniper Networks, Inc.
  • Lumen Technologies, Inc.
  • Orange Business Services
  • Palo Alto Networks, Inc.
  • Reliance Jio Infocomm Ltd.
  • Syringa Networks
  • Verizon Communications, Inc.
  • Zscaler, Inc.

Table Information