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Managed MPLS Market by Service (Level 2 VPN and Level 3 VPN) and End User (IT & Telecom, Healthcare, BFSI, Retail, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A10833 | Pages: NA | Jun 2021 | 96 Views | | |
| Author(s) : vineet kumar | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
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MPLS connections are isolated networks that work independent of an internet connection. It provides high level of performance to end users and allows traffic prioritization using a class of service features. It is the most common type of WAN network adopted by enterprises who want to stay connected to their distributed channel across the globe. The benefits of using MPLS networks are better bandwidth utilization, reduced network congestion, and better end-user experience. To have a more secure connection enterprises are adopting managed MPLS services, which boosts the market growth.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast units |  Value ($) |
 Segments covered |  Service, End User, and Region |
 Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa |
 Companies covered | Major players analyzed in the market include AT&T Communications Inc., BT Global Services Ltd., Cisco Systems Inc., Century Link Inc., Netmagic Solutions Pvt Ltd (NTT Communications), Orange SA, Sprint Nextel Corporation, Syringa Networks LLC., Vodafone Group PLC. And Verizon Communications Inc. |
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COVID-19 scenario analysis:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the managed MPLS market in 2020.
- Though governments have imposed lockdowns to contain spread of the virus, all businesses and organizations are shifting their operations online and sending information on cloud. Hence, to increase safety of data on cloud storage more and more organizations are adopting MPLS, which propels the market growth.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rise in adoption of mobile back haul networks across the globe drives growth of the market. In addition, with the rise in global expansion of enterprises, there is a need for secure connectivity and effective means of data management among businesses, which fuels growth of the market. However, implementation of MPLS network is very costly, which restrains the market growth. Furthermore, use of machine learning and adoption of new technologies among enterprises provide lucrative opportunities for the market growth.
IT & Telecom expected to lead the market: :
Growth in smartphone penetration and rise in number of device phones connected to internet had put pressure on telecom system. In addition, network operators are facing numerous challenges associated with insufficient bandwidth. Companies are also building and changing their strategies to overcome bandwidth problems and grow in the MPLS market. For instance, in Sep 2018, Jio and Cisco announced an extension of their partnership to tap $6,621,815 enterprise market. Jio introduced new internet protocol technology that helps Cisco and Jio to increase the security of their customers.
Furthermore, rise in investments in cloud-based services by enterprises, owing to greater advantages of SaaS, IaaS, and PaaS have forced IT providers to maintain their delivery through their own networks, which is expected to drive growth of the market.
U.S. to dominate the North America Market:
U.S. is expected to hold a significant share in the managed MPLS market. With the surge in cloud computing, there is a need for managed MPLS networks among enterprises to make their networks more efficient and secure, which creates demand for these types of services and boost the market growth. In addition, owing to presence of large number of market players in the region, which further boosts the market growth.
Key segments covered:
Segments | Subsegments |
 Service |
|
 End User |
|
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Key benefits of the report:
- This study presents analytical depiction of the global managed MPLS market along with the current trends and future estimations to determine the imminent investment pockets.     Â
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global managed MPLS market share. Â Â Â Â Â Â
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis based on the present and future competitive intensity of the market.
Questions answered in managed MPLS market research report:Â Â Â Â Â Â Â Â Â Â Â Â Â Â
- Who are the leading market players active in the managed MPLS market?
- What would be the detailed impact of COVID-19 on the managed MPLS market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the managed MPLS market?
- What are the projections for the future that would help in taking further strategic steps?
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