Wednesday, 29 June 2016

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

Theglobal MPLS IP VPN services market is expected to reach USD 26.62 billion by2020. Despite considerably maturing over the last five years, the market ispoised for high growth on account of appreciable growth potential exhibited bymanaged MPLS IP VPN services. Enterprises have increasingly startedincorporating MPLS IP VPN services for leveraging benefits such as costminimization and performance maximization. The market is expected to staybuoyant as a direct consequence of declining ATM/frame relay implementation.
Convergenceof video, voice, and data on a single platform from different sources and theability to provide scalable bandwidth is expected to encourage MPLS IP VPNservices adoption. As MPLS supports multipoint full-mesh connectivity,organizations adopting cloud computing to address growing concerns pertainingto network security and IT costs can easily manage multiple locations in theirnetwork.
Stringentregulations pertaining to the use of VPN for personal applications, especiallyin the Middle East countries and China are expected to pose a challenge to theMPLS IP VPN services market growth over the forecast period.
 Further key findings from the study suggest:
ITdepartments of institutions such as banks and government offices wishing tomaintain control over their networking and routing related decision in order toaddress security issues have started preferring layer 2 VPN (L2VPN) services.IT departments of enterprises which opt for outsourcing their networking androuting decisions usually prefer layer 3 VPNs (L3VPNs). Multi-branchorganizations have increasingly adopted hybrid L2VPN L3VPN services based onspecific requirements at individual locations.
AsMPLS offers a high Quality of Service (QoS) which is the primary requirementfor VoIP, video conferencing is expected to emerge as a key application areaover the forecast period. Substantial bandwidth offered by MPLS IP VPN servicesbetween the user's equipment and the service provider's network helps sufficeVoIP's requirements. Audio conferencing is projected to be a fast growing andprofitable application sector.
NorthAmerica and Asia Pacific constituted key regional MPLS IP VPN services marketsin 2013 on account of the presence of prominent market players satiating theneeds of an increasing consumer base. Influx of international carriers in theNorth American market to serve their existing MNC clients has favorablyimpacted the regional MPLS IP VPN services market growth.
Competitivesolutions particularly tailored for MNCs having relatively smallerinternational presence are offered by prominent international MPLS IP VPNservices operators such as AT&T, BT Global Services, Verizon, and OrangeBusiness Services. After penetrating major regional markets, service providersfocus on investing funds towards building backbone networks for supportingMPLS. The success of emerging MPLS IP VPN services market players hinges onestablishing technical support partnerships and Network-To-Network Interface(NNI) relationships with an emphasis on customer service and flexible serviceofferings.
For the purpose of this study,Grand View Research has segmented the global MPLS IP VPN services market on thebasis of service, application, and region:
MPLSIP VPN Service Outlook (Revenue, USD Million, 2012 - 2020)
Layer2 VPN (L2VPN)
Layer3 VPN (L3VPN)
MPLSIP VPN Services Application Outlook (Revenue, USD Million, 2012 - 2020)
AutomatedMachines
VideoConferencing
AudioConferencing
Others
MPLSIP VPN Services Regional Outlook (Revenue, USD Million, 2012 - 2020)
NorthAmerica
Europe
AsiaPacific
RoW
About Radiant Insights
RadiantInsights is a platform for companies looking to meet their market research andbusiness intelligence requirements. We assist and facilitate organizations andindividuals procure market research reports, helping them in the decisionmaking process. We have a comprehensive collection of reports, covering over 40key industries and a host of micro markets. In addition to over extensivedatabase of reports, our experienced research coordinators also offer a host ofancillary services such as, research partnerships/ tie-ups and customizedresearch solutions.
For More Information, Visit Radiant Insights
Contact:Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email:sales@radiantinsights.com
Blog URL:http://www.radiantinsightsinc.blogspot.com
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