What is MPLS Circuit Services Market?
A VPN or a virtual private network used for securely connection between two or more sites over the public Internet or a private MPLS VPN network is known as an MPLS Circuit. MPLS circuits are protected by encryption on a customer's router or on the MPLS provider's network router. MPLS circuits are commonly provisioned using Internet T1 lines or a private MPLS VPN circuit, with higher bandwidth speeds and managed MPLS circuit services available as well. The MLPS market can be primarily segmented into Level 2 VPN and Level 3 VPN. The growing adoption of digital solutions, accelerated by recent pandemic as well as increasing penetration of internet has led to significant growth of the MPLS circuit services market. North America is currently the largest market of the MPLS circuit services.
The market study is being classified by Type (Level 2 VPN and Level 3 VPN), by Application (Automated Machines, Video Conferencing and Others) and major geographies with country level break-up.
AT&T Inc. (United States), Verizon Communication, Inc. (United States), Orange S.A. (France), BT Group plc (United Kingdom), T-Mobile (Germany), Telstra International Limited (Australia), Cox Communications, Inc. (United States), Cisco Systems Inc. (United States), Century Link Inc. (United States) and Telefónica, S.A. (Spain) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Aptum Technologies (Canada), Syringa Networks LLC (United States) and NTT Communications (Japan).
Analyst at AMA have segmented the market study of Global MPLS Circuit Services market by Type, Application and Region.
On the basis of geography, the market of MPLS Circuit Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Internet Penetration across the World has risen
- Surge in Adoption of Digital Solutions by Businesses
- Increasing Incidents of Cyber Attacks
- Level 2 VPN Accounts for Larger Market Share
- High Costs of MPLS Circuit Services
- Level 3 VPN Presents Huge Opportunity for Future Market Prospectus
- MPLS Requires Longer Duration for Deployment in Case of Large Distances between Different Offices
Market Leaders and some development strategies
In 2019, Orange Business Services, a France based subsidiary of Orange S.A., and global provider of communications products and services has announced acquisition of SecureData Group, which is the largest independent cyber security services provider in United Kingdom. SecureData Group specialises in assess risks, detect threats, protect customer’s IT assets and respond to security incidents. The acquisition would aid Orange in improving the security infrastructure and parameter of its services as well as strengthen its cyber security portfolio in Europe.
In 2019, CenturyLink, the United States based telecommunications company offering communications, managed services, cloud solutions among other business services has announced acquisition of Streamroot Inc., an innovative video and static content delivery platform provider. The video delivery solutions provided by Streamroot enables the users to operate the platform in bandwidth constrained areas. This may be a major disruptive technology, as several businesses and individuals have limited bandwidth as a major concern. The acquisition deal, further enhances CenturyLink’s positive in market as a leader in content delivery network (CDN) and Edge Compute services.
Key Target AudienceMPLS Circuit Services Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the MPLS Circuit Services Market?
"The Internet Penetration across the World has risen
" is seen as one of major growth factors of MPLS Circuit Services Market in years to come.
2. Can we have customized study for MPLS Circuit Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global MPLS Circuit Services Market?
will lead the MPLS Circuit Services Market.