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Managed MPLS Market Statistics: 2027
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.
COVID-19 scenario analysis:
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 benefits of the report:
Questions answered in managed MPLS market research report:Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Managed MPLS Market Report Highlights
Aspects | Details |
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By Service |
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By End User |
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By Region |
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Key Market Players | Verizon Communications Inc., Syringa Networks LLC.,, AT&T Communications Inc., Sprint Nextel Corporation,, Vodafone Group PLC., Netmagic Solutions Pvt Ltd (NTT Communications),, Orange SA,, Cisco Systems Inc., Century Link Inc., BT Global Services Ltd. |
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