PUBLISHER: Lucintel | PRODUCT CODE: 1538216
PUBLISHER: Lucintel | PRODUCT CODE: 1538216
MPLS-Based Core Network Trends and Forecast
The future of the global MPLS-based core network market looks promising with opportunities in the BFSI, manufacturing, government, healthcare, IT & telecommunication, and retail markets. The global MPLS-based core network market is expected to reach an estimated $74.4 billion by 2030 with a CAGR of 9.8% from 2024 to 2030. The major drivers for this market are increasing demand for dependable and economical MPLS-based core network and growing demand from various industries for safe connectivity.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
MPLS-Based Core Network by Segment
The study includes a forecast for the global MPLS-based core network by component, end use, and region.
List of MPLS-Based Core Network Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies MPLS-based core network companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the MPLS-based core network companies profiled in this report include-
MPLS-Based Core Network Market Insights
Lucintel forecasts that MPLS-based device is expected to witness the highest growth over the forecast period.
Within this market, IT & telecommunication is expected to witness the highest growth over the forecast period.
North America is expected to witness the highest growth over the forecast period due to expanding spending upon cloud services and strong presence of major SD-WAN service providers in the region.
Features of the Global MPLS-Based Core Network Market
Market Size Estimates: MPLS-based core network market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: MPLS-based core network market size by component, end use, and region in terms of value ($B).
Regional Analysis: MPLS-based core network market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, end uses, and regions for the MPLS-based core network market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the MPLS-based core network market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the MPLS-based core network market size?
Answer: The global MPLS-based core network market is expected to reach an estimated $74.4 billion by 2030.
Q2. What is the growth forecast for MPLS-based core network market?
Answer: The global MPLS-based core network market is expected to grow with a CAGR of 9.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the MPLS-based core network market?
Answer: The major drivers for this market are increasing demand for dependable and economical MPLS-based core network and growing demand from various industries for safe connectivity.
Q4. What are the major segments for MPLS-based core network market?
Answer: The future of the MPLS-based core network market looks promising with opportunities in the BFSI, manufacturing, government, healthcare, IT & telecommunication, and retail markets.
Q5. Who are the key MPLS-based core network market companies?
Answer: Some of the key MPLS-based core network companies are as follows:
Q6. Which MPLS-based core network market segment will be the largest in future?
Answer: Lucintel forecasts that MPLS-based device is expected to witness the highest growth over the forecast period.
Q7. In MPLS-based core network market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period due to expanding spending upon cloud services and strong presence of major SD-WAN service providers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.