Managed MPLS Market to grow by USD 7.23 billion from 2022 to 2027 | The increasing demand for secure and reliable connectivity drives the market - Technavio

NEW YORK, Aug. 22, 2023 /PRNewswire/ -- The managed MPLS market size is estimated to increase by USD 7,239.8 million from 2022 to 2027, with a CAGR of 6.41%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report -Request a sample report

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.

Find Technavio's Exclusive Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

The Managed Multiprotocol Label Switching (MPLS) Market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below -

AT and T Inc., Bharat Sanchar Nigam Ltd., Bharti Airtel Ltd., BT Group Plc, Cisco Systems Inc., ERNET India, Forcepoint LLC, International Business Machines Corp., Juniper Networks Inc., Lumen Technologies Inc., NTT Communications Corp., Orange SA, Palo Alto Networks Inc., Reliance Industries Ltd., Syringa Networks LLC, T Mobile US Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., Versa Networks Inc., and Vodafone Group Plc. Download Sample

Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparative Analysis of Segments, and Y-O-Y Growth of Managed MPLSmarket

The market is segmented by end-user (IT and telecommunication, Healthcare, BFSI, Retail, and Others), service (Level 2 VPN and Level 3 VPN), and geography (North America, Europe, APAC, Middle East and Africa, and South America)

• The market share growth by the IT and Telecommunication segment will be significant during the forecast period. The IT and telecommunications industry holds a substantial market share as an end-user within the managed MPLS market. This sector heavily relies on managed MPLS networks to ensure the secure, reliable, and efficient transmission of data. Managed MPLS systems offer numerous advantages, including enhanced network performance, improved scalability, and effective traffic prioritization. Given these advantages, the adoption of managed MPLS in the IT and telecommunications sector is projected to witness growth over the forecast period, consequently propelling the expansion of the market.

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Key Driver

The increasing demand for secure and reliable connectivity is driving the market growth. The significant growth of companies relying on managed MPLS services stands as a key driver in the global managed MPLS market. These services offer dependable connectivity solutions that interconnect various organizational locations, facilitating seamless data transfer and communication. In order to expand globally and effectively utilize essential business applications, robust network infrastructure is imperative to meet the demands of interconnected systems. For enterprises seeking efficient and secure connectivity solutions, managed MPLS services are the preferred option due to their ability to meet bandwidth requirements, assure Quality of Service (QoS), and provide prioritization capabilities essential to support critical business applications. As the demand for secure and reliable connectivity continues to rise, this imperative driver is anticipated to steer the growth of the targeted market during the forecast period.

Major Trends

The expansion of managed SD-WAN services is an emerging market trend. 

Significant Challenge 

Complex network management is a major challenge hindering market growth.

Chart & Data Table on Historical Market Size (2017-2021, Historic Industry Size & Analysis of 15 Vendors and 7 Countries
The market is segmented by region North America, Europe, APAC, Middle East and Africa, and South America. An analysis of key leading countries has been included.

•  North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, the demand for secure and dependable network connectivity, efficient data transmission, and the rising usage of cloud services are contributing to the continuous growth of the regional managed MPLS market in North America. They also make a positive shift towards the market focus in 2021 to deal with ever-changing business needs. As businesses increasingly transition to on-the-spot operation, their need for managed MPLS services has increased.

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What are the key data covered in this Managed MPLSMarket report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the managed MPLS market between 2023 and 2027
• Precise estimation of the managed MPLS market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the managed MPLS market across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of managed MPLS market vendors

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The cloud-managed services market share is expected to increase to USD 52.62 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.37%. This report extensively covers cloud-managed services market segmentation by end-user (large enterprise and small and medium enterprise) and geography (North America, Europe, APAC, South America, and Middle East and Africa).  One of the key factors driving growth in the cloud-managed services market is the rising adoption of cloud computing services.

The IoT managed services market share should rise by USD 179.29 billion from 2022 to 2026 at a CAGR of 26.41%. This report extensively covers market segmentation by type (network management services, security management services, infrastructure management services, data management services, and device management services) and geography (North America, Europe, APAC, MEA, and South America).  The increased adoption of IoT solutions is notably driving the IoT managed services market growth.

Table of contents

Executive Summary

Market Landscape

Market Sizing

Historic Market Size

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Service

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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