The Global MPLS IP VPN Services Market is expected to reach
USD 46.26 billion by 2020, according to a new study by Grand View
Research, Inc. Despite considerably maturing over the last five years, the
market is poised for high growth on account of appreciable growth potential
exhibited by managed MPLS IP VPN services. Enterprises have increasingly
started incorporating MPLS IP VPN services for leveraging benefits such as cost
minimization and performance maximization. The market is expected to stay
buoyant as a direct consequence of declining ATM/frame relay implementation.
Convergence of video, voice, and data on a
single platform from different sources and the ability to provide scalable
bandwidth is expected to encourage MPLS IP VPN services adoption. As MPLS
supports multipoint full-mesh connectivity, organizations adopting cloud
computing to address growing concerns pertaining to network security and IT
costs can easily manage multiple locations in their network.
Stringent regulations pertaining to the use of
VPN for personal applications, especially in the Middle East countries and
China are expected to pose a challenge to the MPLS IP VPN services market
growth over the forecast period.
Browse full research report on MPLS IP VPN
Services Market:
https://www.grandviewresearch.com/industry-analysis/multi-protocol-labelled-switching-internet-protocol-virtual-private-network-market
Further
key findings from the study suggest:
- IT departments of institutions such as banks
and government offices wishing to maintain control over their networking
and routing related decision in order to address security issues have
started preferring layer 2 VPN (L2VPN) services. IT departments of
enterprises which opt for outsourcing their networking and routing
decisions usually prefer layer 3 VPNs (L3VPNs). Multi-branch organizations
have increasingly adopted hybrid L2VPN L3VPN services based on specific
requirements at individual locations.
- As MPLS offers a high Quality of Service (QoS)
which is the primary requirement for VoIP, video conferencing is expected
to emerge as a key application area over the forecast period. Substantial
bandwidth offered by MPLS IP VPN services between the user’s equipment and
the service provider’s network helps suffice VoIP’s requirements. Audio
conferencing is projected to be a fast growing and profitable application
sector.
- North America and Asia Pacific constituted key
regional MPLS IP VPN services markets in 2013 on account of the presence
of prominent market players satiating the needs of an increasing consumer
base. Influx of international carriers in the North American market to
serve their existing MNC clients has favorably impacted the regional MPLS
IP VPN services market growth.
- Competitive solutions particularly tailored
for MNCs having relatively smaller international presence are offered by
prominent international MPLS IP VPN services operators such as AT&T,
BT Global Services, Verizon, and Orange Business Services. After
penetrating major regional markets, service providers focus on investing funds
towards building backbone networks for supporting MPLS. The success of
emerging MPLS IP VPN services market players hinges on establishing
technical support partnerships and Network-To-Network Interface (NNI)
relationships with an emphasis on customer service and flexible service
offerings.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/multi-protocol-labelled-switching-internet-protocol-virtual-private-network-market/request/rs1
For
the purpose of this study, Grand View Research has segmented the global MPLS IP
VPN services market on the basis of service, application, and region:
MPLS IP VPN
Service Outlook (Revenue, USD Million, 2012 - 2020)
- Layer 2 VPN (L2VPN)
- Layer 3 VPN (L3VPN)
MPLS IP VPN
Services Application Outlook (Revenue, USD Million, 2012 - 2020)
- Automated Machines
- Video Conferencing
- Audio Conferencing
- Others
MPLS IP VPN
Services Regional Outlook (Revenue, USD Million, 2012 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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