San Francisco, California, April 20, 2015 (GLOBE NEWSWIRE) -- The global MPLS IP VPN services market is expected to reach USD 26.62 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.
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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.
Further key findings from the study suggest:
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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)
MPLS IP VPN Services Application Outlook (Revenue, USD Million, 2012 - 2020)
MPLS IP VPN Services Regional Outlook (Revenue, USD Million, 2012 - 2020)
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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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