North America and Asia Pacific constituted key regional MPLS IP VPN Services Markets from

According to report published by Grand View Research, Prominent international operators in the MPLS IP VPN Services market have competitive offerings suitable for MNCs with a smaller international network footprint. Service providers direct their investments towards building backbone networks.

The Global MPLS IP VPN Services Market is expected to reach USD 46.62 billion by 2020, according to a new study by Grand View Research, Inc. Despite considerably maturing over the last five years, the market is poised for high growth on account of appreciable growth potential exhibited by managed MPLS IP VPN services. Enterprises have increasingly started incorporating MPLS IP VPN services for leveraging benefits such as cost minimization and performance maximization. The market is expected to stay buoyant as a direct consequence of declining ATM/frame relay implementation.

Convergence of video, voice, and data on a single platform from different sources and the ability to provide scalable bandwidth is expected to encourage MPLS IP VPN services adoption. As MPLS supports multipoint full-mesh connectivity, organizations adopting cloud computing to address growing concerns pertaining to network security and IT costs can easily manage multiple locations in their network.

Stringent regulations pertaining to the use of VPN for personal applications, especially in the Middle East countries and China are expected to pose a challenge to the MPLS IP VPN services market growth over the forecast period.

Browse Full Overview of Report: http://www.grandviewresearch.com/industry-analysis/multi-protocol-labelled-switching-internet-protocol-virtual-private-network-market

Further key findings from the study suggest:

• IT departments of institutions such as banks and government offices wishing to maintain control over their networking and routing related decision in order to address security issues have started preferring layer 2 VPN (L2VPN) services. IT departments of enterprises which opt for outsourcing their networking and routing decisions usually prefer layer 3 VPNs (L3VPNs). Multi-branch organizations have increasingly adopted hybrid L2VPN L3VPN services based on specific requirements at individual locations.
• As MPLS offers a high Quality of Service (QoS) which is the primary requirement for VoIP, video conferencing is expected to emerge as a key application area over the forecast period. Substantial bandwidth offered by MPLS IP VPN services between the user’s equipment and the service provider’s network helps suffice VoIP’s requirements. Audio conferencing is projected to be a fast growing and profitable application sector.
• North America and Asia Pacific constituted key regional MPLS IP VPN services markets in 2013 on account of the presence of prominent market players satiating the needs of an increasing consumer base. Influx of international carriers in the North American market to serve their existing MNC clients has favorably impacted the regional MPLS IP VPN services market growth.
• Competitive solutions particularly tailored for MNCs having relatively smaller international presence are offered by prominent international MPLS IP VPN services operators such as AT&T, BT Global Services, Verizon, and Orange Business Services. After penetrating major regional markets, service providers focus on investing funds towards building backbone networks for supporting MPLS. The success of emerging MPLS IP VPN services market players hinges on establishing technical support partnerships and Network-To-Network Interface (NNI) relationships with an emphasis on customer service and flexible service offerings.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/communication-services

For the purpose of this study, Grand View Research has segmented the global MPLS IP VPN services market on the basis of service, application, and region:

MPLS IP VPN Service Outlook (Revenue, USD Million, 2012 – 2020)
• Layer 2 VPN (L2VPN)
• Layer 3 VPN (L3VPN)
MPLS IP VPN Services Application Outlook (Revenue, USD Million, 2012 – 2020)
• Automated Machines
• Video Conferencing
• Audio Conferencing
• Others
MPLS IP VPN Services Regional Outlook (Revenue, USD Million, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-mpls-ip-vpn-services-market


Contact Details

Company Name: Grand View Research Inc.,
Issued By: Sherry James
Phone: 1-888-202-9519
Address: Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Web: www.grandviewresearch.com
City: San Francisco
State: California
Zip: 3036
Country: United States
Website: Visit the website

Keywords : MPLS IP VPN Services Markets,

by Sherry James (few years ago!)

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