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Global Managed MPLS Market Size, Analysis, Forecast: By Service: Layer 2 VPN, Layer 3 VPN; By End Use: Healthcare, Banking, Financial Services and Insurance, Retail, Manufacturing, Government, IT and Telecommunication, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Managed MPLS Market Outlook
The global managed MPLS market size reached approximately USD 65.31 billion in 2023. The market is projected to grow at a CAGR of 6.1% between 2024 and 2032, reaching a value of around USD 111.56 billion by 2032.
Key Trends in the Market
Managed MPLS is a type of networking service technology that is managed and provided by a third-party service provider. These services are run through MPLS, known as Multi-Protocol Label Switching, which is used to efficiently route data packets within a network. It involves the use of labels, which are short identifiers, to determine the forwarding path of packets.
- The rising demand for VPC (virtual private cloud) services is one of the major factors responsible for the global managed MPLS market growth. Various corporations utilise VPC MPLS to gain the benefits of a private network and the affordability of a public network. Through this service, organisations can enjoy the benefits of security and customisation options typically associated with private networks.
- Another crucial factor expected to play a pivotal role in the global managed MPLS market demand is the rising penetration of smartphones. The widespread smartphone usage has substantial implications for businesses and managed MPLS can efficiently accommodate the surge in mobile data traffic. With the surge in smartphone users, managed MPLS provides the necessary infrastructure to deliver a seamless user experience, even when accessing bandwidth-intensive applications or data.
- The increasing implementation of bring-your-own-device (BYOD) policies within workplaces is one of the significant global managed MPLS market trends. As employees use their personal devices, such as smartphones, tablets, and laptops, to access company resources, the demand for secure and efficient connections is escalating. Managed MPLS services come into play to provide reliable and secure network infrastructure and enable seamless integration of a variety of devices while maintaining data security and consistent performance.
Market Analysis
Based on service, the market is segmented into layer 2 VPN and layer 3 VPN. The global managed MPLS market segmentation, on the basis of end use, includes healthcare, banking, financial services and insurance, retail, manufacturing, government, and IT and telecommunications, among others. The major regional markets for managed MPLS are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global managed MPLS market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- AT&T Inc.
- BT Group PLC
- Cisco Systems Inc
- Lumen Technologies Inc.
- Vodafone Group plc
- NTT Global Networks Incorporated
- Syringa Networks, LLC
- Orange S.A.
- Verizon Communications Inc.
- Tata Communications Ltd.
- China Telecom Corp Ltd
- Others
Market Share by End Use
Owing to the surge in smartphone adoption and the increasing number of connected devices, the IT and telecommunication sector is likely to account for a major portion of the global managed MPLS market share. As telecom operators around the world have grappled with numerous issues stemming from insufficient bandwidth, they are gradually reevaluating and reshaping their strategies to tackle bandwidth limitations by shifting to MPLS services.
Market Share by Region
According to the global managed MPLS market analysis, North America is poised to maintain a substantial market share. The mounting wave of cloud computing has ushered in a demand for managed MPLS networks within enterprises. This demand stems from the imperative to enhance network efficiency and fortify security measures. Consequently, there exists a growing appetite for services of this nature, effectively propelling the expansion of the market. Moreover, the region benefits from a rich tapestry of market players, a factor that significantly contributes to the market's upward trajectory.
Competitive Landscape
AT&T Inc. is one of the leading American multinational conglomerates that operate in the fields of telecommunications, media, and technology. With the company’s operations starting a century ago, AT&T has established itself as a global leader in providing an extensive range of communication and entertainment services. The company offers wireless and wireline services, encompassing mobile and fixed-line connectivity, internet, and data solutions, catering to both individual consumers and businesses.
BT Group PLC is a well-known British multinational telecommunications corporation that holds a significant position within the worldwide telecommunications sector. Its foundation was completed with the establishment of the first-ever commercial telecommunications company in 1846, showcasing a heritage steeped in communication innovation. Over the years, BT has consistently transformed itself to offer an assortment of inventive and indispensable services to its customers.
Cisco Systems Inc. is a prominent technology company that plays a pivotal role in shaping the modern digital landscape. Established in 1984 and based in the United States of America, the company has emerged as a global leader in providing networking solutions, technology services, and products for businesses, organisations, and governments. With a reputation for innovation, Cisco is widely recognized for its contributions to the development of the Internet and its transformative impact on communication and connectivity.
Other global managed MPLS market players include Lumen Technologies Inc., Vodafone Group plc, NTT Global Networks Incorporated, Syringa Networks, LLC, Orange S.A., Verizon Communications Inc., Tata Communications Ltd., and China Telecom Corp Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Managed MPLS Market Analysis
8.1 Key Industry Highlights
8.2 Global Managed MPLS Historical Market (2018-2023)
8.3 Global Managed MPLS Market Forecast (2024-2032)
8.4 Global Managed MPLS Market by Service
8.4.1 Layer 2 VPN
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Layer 3 VPN
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Managed MPLS Market by End Use
8.5.1 Healthcare
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Banking, Financial Services and Insurance
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Retail
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Manufacturing
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Government
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 IT and Telecommunication
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
9 Global Managed MPLS Market by Region
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
10 North America Managed MPLS Market Analysis
10.1 United States of America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Canada
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Europe Managed MPLS Market Analysis
11.1 United Kingdom
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Germany
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 France
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Italy
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Asia Pacific Managed MPLS Market Analysis
12.1 China
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Japan
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 India
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 ASEAN
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Latin America Managed MPLS Market Analysis
13.1 Brazil
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Argentina
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Mexico
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Middle East and Africa Managed MPLS Market Analysis
14.1 Saudi Arabia
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 United Arab Emirates
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Nigeria
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 South Africa
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 AT&T Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 BT Group PLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cisco Systems Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Lumen Technologies Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Vodafone Group plc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 NTT Global Networks Incorporated
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Syringa Networks, LLC
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Orange S.A.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Verizon Communications Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Tata Communications Ltd.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 China Telecom Corp Ltd
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Managed MPLS Market: Key Industry Highlights, 2018 and 2032
2. Global Managed MPLS Historical Market: Breakup by Service (USD Billion), 2018-2023
3. Global Managed MPLS Market Forecast: Breakup by Service (USD Billion), 2024-2032
4. Global Managed MPLS Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Managed MPLS Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Managed MPLS Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Managed MPLS Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Managed MPLS Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Managed MPLS Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Managed MPLS Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Managed MPLS Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Managed MPLS Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Managed MPLS Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Managed MPLS Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Managed MPLS Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Managed MPLS Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Managed MPLS Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Managed MPLS Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 65.31 billion.
The market is projected to grow at a CAGR of 6.10% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 111.56 billion by 2032.
The market growth is propelled by the rising demand for private cloud services and the increasing utilisation of smartphones.
The market growth is guided by the rising trend of BYOD (Bring Your Own Device) and the rising demand for high-speed internet.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various end uses of the service include healthcare, banking, financial services and insurance, retail, manufacturing, government, and IT and telecommunications, among others.
The key players in the market are AT&T Inc., BT Group PLC, Cisco Systems Inc., Lumen Technologies Inc., Vodafone Group plc, NTT Global Networks Incorporated, Syringa Networks, LLC, Orange S.A., Verizon Communications Inc., Tata Communications Ltd., and China Telecom Corp Ltd, among others.
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