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Global Multi Protocol Labelled Switching (MPLS) IP Virtual Private Network (VPN) Services Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-11-15   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 8216 |  Industry: Electronics & Semiconductor  |   Format : pdf word ppt excel



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MPLS IP VPN services provide capabilities to the organizations who need to reduce network costs, utilise diversity options, and enhance connectivity among geographically dispersed locations. These services are capable of addressing the issues related to privacy and security. Enterprises are increasingly utilizing MPLS IP VPN solutions to line up the applications by class of service. It has been observed that the manufacturers are likely to focus on offering flexible service offerings and improve the overall customer service.

mpls

Manufacturers to offer advanced MPLS-based IP VPN services

AT&T Inc, Verizon Communication, Inc., BT Global Services, Orange Business Services, Sprint Corporation, CenturyLink, Inc., and Cisco Systems, Inc. are some of the major players operating in the Multi Protocol Labelled Switching (MPLS) Internet Protocol (IP) Virtual Private Network (VPN) Services market.

Manufacturers are anticipated to introduce advanced MPLS-based IP VPN services to meet the end user requirements. For instance, Private IP (PIP) is Verizon Communication’s global MPLS-based IP VPN service that provides any-to-any IP connectivity to the customers with the privacy and quality of service associated with Layer 2 services. PIP makes use of IP-over-MPLS technology together with Multiprotocol BGP (MBGP) to ensure strict separation of customer IP traffic and to offer value-add features.

Implementation of MPLS IP VPN services among organizations to support the market growth

Surge in the implementation of MPLS IP VPN services among several enterprises in order to minimize the overall cost and improve the performance is a major driver in the MPLS IP VPN market. Benefits such as convergence of audio, video, and data from different sources and ability to provide scalable bandwidth are also driving the demand for these services. MPLS IP VPN Services are also capable to address the security issues faced by the enterprises as they move data to the cloud, thus fuelling its implementation across organizations. On the flip side, strict regulations on the usage of VPN for personal applications in certain countries may hamper the MPLS IP VPN market growth to an extent.

Market Segmentation

By Service

  Layer 2 VPN

 Layer 3 VPN

By Application

 Automated Machines

 Video Conferencing

 Audio Conferencing

 Others

Institutions such as government and banks are deploying Layer 2 VPN services for the network controlling and managing the security issues. Application of Layer 3 VPN is witnessing a surge among organizations that outsource their routing and networking decisions. Analysts have predicted that video conferencing may emerge as a key application segment in the years ahead as MPLS offers a high Quality of Service and substantial bandwidth, which helps to meet the requirements of Voice over Internet Protocol. Audio conferencing is also likely to emerge as a key application segment in the years ahead.

By Region

world_regions

Strong presence of leading players in the US is one of the key factors driving the MPLS IP VPN market in North America. Moreover, large customer base and increasing adoption of MPLS IP VPN services among various business verticals are offering growth opportunities for the North America MPLS IP VPN market. Asia Pacific may witness considerable growth in the coming years owing to widespread digitalization in the region.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


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Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Global Multi Protocol Labelled Switching (MPLS) IP Virtual Private Network (VPN) Services Market Report