A Look into Multi Protocol Labelled Switching (MPLS) Internet Protocol (IP) Virtual private network (VPN) Services Industry……Deep Analysis…..



The Global MPLS IP VPN Services Market is expected to reach USD 46.26 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.
In order to ensure business continuity amidst the COVID-19 crisis, business organizations, especially in highly affected countries are allowing their employees to work from home. The increase in people working from home has led to a surge in demand for online video viewing, downloading, and communication through video conferencing, all of which are leading to increased network traffic and data usage. COVID-19 shall accelerate the demand for agile and flexible work styles and further push the adoption of communication services that tend to improve work-life balance. On the flip side, telecom regulators worldwide have postponed their plans of 5G spectrum auction amidst the global pandemic. This is expected to have an impact on the commercialization of commercial 5G standalone deployments and revenue generated through 5G services. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. The report will account for Covid19 as a key market contributor.
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. 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.
The MPLS IP VPN services market is poised for high growth as several enterprises are expected to incorporate these networks to harness various benefits offered by them such as performance maximization and cost minimization. Even though the VPN market has considerably matured over the last five years as majority of enterprises have implemented some or the other form of VPN, managed network-based MPLS IP VPN services that exhibit appreciable growth potential. 
The declining ATM/frame relay market is expected to buoy the MPLS IP VPN Services market growth throughout the forecast period. Enterprises migrating from packet have implemented layer 2 and layer 3 MPLS IP VPN Services, with the latter generating a major proportion of the revenue. MPLS IP VPN Services helps enterprises in prioritization of applications such as Voice over Internet Protocol (VoIP) by class of service (CoS), creation of disaster recovery infrastructures and reducing complexity to simplify network management. Ability to provide scalable bandwidth and convergence of voice, data and video from multiple platforms on a single platform is expected to encourage incorporation of MPLS IP VPN Services. The technology considerably helps meet increasing traffic requirements where additional capacity is required.
Due to decreasing bandwidth costs and growing concerns pertaining to IT costs and network security, organizations have increasingly started adopting a cloud-based approach, which necessitates addition of more locations in their network along with inter-network connectivity. With its ability to easily support multipoint full-mesh connectivity, MPLS is more suited to meet the aforementioned requirements. MPLS IP VPN Services also is well-equipped to address the security issues faced as more and more enterprises move data to the cloud. Cloud-based services accessed via IP VPNs are expected to play a pivotal role in market growth throughout the forecast period.
As compared to L2VPN, Layer 3 VPNs (L3VPN) are ubiquitous and available with a majority of service providers, as a result of which enterprises can plan and implement a network globally with relative ease. Additionally, several equipment vendors provide equipment such as VPN dialers, firewalls, and Integrated Access Devices (IADs) which help enterprises build layer 3 MPLS IP VPN Services themselves. Enterprises which opt for layer 3 MPLS IP VPN Services services typically have more than 20 corporate locations which require bandwidth of 10 Mbps or lower. The IT departments of such enterprises prefer outsourcing their networking and routing decisions.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-mpls-ip-vpn-services-market
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
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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