PUBLISHER: IMARC | PRODUCT CODE: 1451708
PUBLISHER: IMARC | PRODUCT CODE: 1451708
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
The global managed MPLS market size reached US$ 64.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 107.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.
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:
IMARC Group 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
- 8.1.1 United States
- 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
- 8.2.1 China
- 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
- 8.3.1 Germany
- 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
- 8.4.1 Brazil
- 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
- 13.3.1 AT&T Inc.
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
