The global MPLS IP VPN services market is expected to spread USD 26.62 billion by 2020. Despite considerable growth over the last five years, the market is balanced for high growth on account of appreciable growth potential displayed by managed MPLS IP VPN services. Enterprises have started incorporating MPLS IP VPN services for the benefit of increasing costs and increasing performance. Combination of video, voice, and data on a single platform from other sources and the capacity to provide scalable bandwidth is expected to inspire MPLS IP VPN services adoption.
The stringent rules related to the use of VPN for individual applications, especially in the Middle East countries and China, are expected to show a challenge for the development of MPLS IP VPN services market in the forecast period. IT departments of enterprises which choose for outsourcing their networking and routing decisions usually favor layer 3 VPNs (L3VPNs). Since MPLS provides high quality of service (QoS), which is the primary requirement for VoIP, video conferencing is expected to emerge as an important application area in the forecast period. Significant 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 beneficial application sector. North America and Asia Pacific formed markets of major regional MPLS IP VPN services based on the presence of spectacular regional players in 2013, which meets the needs of growing consumer base. Competitive solutions with a relatively small international presence specially optimized for MNCs are offered by superb international MPLS IP VPN service operators like AT & T, BT Global Services, Verizon and Orange Business Services.
Rising MPLS IP VPN service market hinges on the success of relationships with emphasis on technical support partnership and network-to-network interface (NNI) customer service and flexible service offerings.
For the aim of this study, Grand View Research has segmented the universal MPLS IP VPN services market on the basis of service, application, and region:
• MPLS IP VPN Service Outlook (Income, USD Million, 2012 – 2020)
• Layer 2 VPN (L2VPN)
• Layer 3 VPN (L3VPN)
• MPLS IP VPN Services Application Outlook (Income, USD Million, 2012 – 2020)
• Automated Machines Video Conferencing Audio Conferencing
MPLS IP VPN Services Regional Overlook (Income, USD Million, 2012 – 2020) North America, Europe, Asia Pacific, RoW
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