Latest News- Managed Multiprotocol Label Switching (MPLS) Market: IT and telecommunication is expected to lead the End-user segment during 2025-2029

The Managed Multiprotocol Label Switching (MPLS) Market is being driven by Increasing demand for secure and reliable connectivity

The Managed Multiprotocol Label Switching (MPLS) Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9155.8 million. In today's business landscape, organizations seek to optimize their wide-area networks (WANs) for enhanced performance, cost-effectiveness, and application prioritization. To address this demand, managed Multiprotocol Label Switching (MPLS) market offerings are evolving to include Software-Defined Wide-Area Networking (SD-WAN) solutions. Service providers of managed MPLS are now delivering full SD-WAN packages, merging the strengths of MPLS with SD-WAN's agility. These integrated solutions enable businesses to reduce expenses, boost network performance, and manage applications efficiently across multiple locations. By employing SD-WAN technologies, companies can dynamically allocate bandwidth, prioritize critical applications, and seamlessly integrate various network connections. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • IT and telecommunication
  • Healthcare
  • BFSI
  • Retail
  • Others
• Service
  • Level 2 VPN
  • Level 3 VPN
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for secure and reliable connectivity
• Growing adoption of cloud-based services
• Globalization of businesses

However, the market also witnesses some limitations, which are as follows:

• Complex network management
• Scalability limitations in managed MPLS
• Integration with emerging technologies

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Market Scope in Managed Multiprotocol Label Switching (MPLS) Market Research Report

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Research Analysis Overview

The Managed Multiprotocol Label Switching (MPLS) market encompasses a range of network solutions, including Network Segmentation, Traffic Shaping, Policy-Based Routing, VPN Termination, MPLS over Ethernet, Ethernet over MPLS, Carrier-Grade Ethernet, Metro Ethernet, IP Transit, Internet Peering, and various Network Connectivity services. Additionally, Managed Network Services offerings include Network Design, Deployment, Operations, Support, Consulting, Transformation, and Modernization. Emerging technologies like Cloud-Native Networking, Edge Computing, Internet of Things, Artificial Intelligence, Machine Learning, Big Data, Threat Intelligence, Zero Trust Security, Network Forensics, Data Loss Prevention, Network Access Control, Software-Defined Security, Digital Transformation, Hybrid Cloud, and Edge Cloud are also integrated into Managed MPLS solutions to ensure optimal network performance, security, and efficiency in today's complex digital landscape.

Market Research Overview

The Managed Multiprotocol Label Switching (MPLS) market is a specialized segment within the larger global Internet services and infrastructure market. This market specifically caters to companies providing MPLS VPN, Layer 2 VPN, Layer 3 VPN, Ethernet VPN, and Virtual Private Network services using network virtualization and MPLS technology. These services enable businesses to securely and efficiently transport data across wide area networks, ensuring optimal performance and reliability. The market size is determined by the combined revenue generated by these companies, as part of the larger Internet services and infrastructure market, which includes IT consulting and system integration, application services, electronic data processing, business process outsourcing, infrastructure services, Internet services, IT security, and cloud computing.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/