Our comprehensive research on the Managed MPLS Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global Managed MPLS market size was US$ 53.9 million in 2021. The global managed MPLS market is forecast to grow to US$ 95.9 million by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
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Private networks called MPLS connections work separately from the internet. Through the use of the class of service (CoS) function, which enables traffic prioritizing, they provide high levels of dependability and performance. The most popular WAN service utilized by companies connecting to their global distribution networks is MPLS VPNs.
COVID-19 Impact Analysis:
The COVID-19 pandemic has forced businesses and organisations to transfer their operations online and shift their crucial data to cloud platforms. As a result, the global managed MPLS market was positively affected by the disease outbreak as more businesses are adopting MPLS to improve data security on cloud storage.
Factors Influencing the Market:
Rising digitalization across all industrial verticals will primarily drive the growth of the managed MPLS market during the forecast period. Since it provides excellent quality of service to reduce packet loss and maintain the flow of a business’s most crucial traffic, MPLS is progressively becoming a viable option for organizations. Throughout the projected period, the development of the market is likely to be aided by the expansion of mobile backhaul networks. The demand for secure communication between various business units and effective data management has expanded the use of MPLS networks and sped up their development.
Rising awareness about the benefits of managed MPLS will fuel the growth of the overall market. In addition to that, the market may witness lucrative growth opportunities due to the growing era of remote working culture.
On the flip side, high costs associated with MPLS may limit the market’s growth during the study period.
Regional Analysis
North America is forecast to hold the largest share in the Managed MPLS market over the forecast period. The United States, Canada, and Mexico are expected to make the largest contributions to the market. It’s conceivable that the US has a substantial market share. Cloud computing’s rise has raised the requirement for secure networking among businesses, which is likely to increase demand for managed MPLS services.
For instance, Cognizant provides a wide range of application outsourcing, system integration, and business process consulting services in the area. The firm realized the necessity for cross-continental connectivity and strong security measures as it expanded its global reach through commercial diversification.
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Competitors in the Market
• Sify
• Orange Business Service
• CenturyLink
• Tata Communications
• ATandT Communications Inc.
• BT Global Services Ltd
• Cisco Systems Inc.
• Sprint Nextel Corporation
• Syringa Networks LLC
• Verizon Communications Inc.
• Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Managed MPLS industry experienced notable growth in its workforce. Starting in January, employment within the Managed MPLS sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Managed MPLS output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Managed MPLS output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Managed MPLS market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Managed MPLS market.
Market Segmentation
The global Managed MPLS market segmentation focuses on Type, Application, and Region.
By Type Outlook
• Level 2 VPN
• Level 3 VPN
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By Application Outlook
• Healthcare
• BFSI
• Retail
• Manufacturing
• Government
• IT and Telecommunication
• Other End Users
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Managed MPLS Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Managed MPLS Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Managed MPLS Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Managed MPLS Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Managed MPLS market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Managed MPLS market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Managed MPLS business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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