Global Managed MPLS Market Report and Forecast 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