Multi Protocol Labelled Switching Internet Protocol Virtual private n MPLS IP VPN Services Market 2020

Multi Protocol Labelled Switching (MPLS) Internet Protocol (IP)
Virtual private network (VPN) Services Market to Expand to USD
26.62 billion by 2020 Radiant Insights, Inc
The global MPLS IP VPN services market is expected to reach USD 26.62 billion by 2020. 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.
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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.