Brazil Mpls Ip Vpn Market Size & Outlook, 2023-2030
Brazil mpls ip vpn market, 2018-2030 (US$M)
Related Markets
Brazil mpls ip vpn market highlights
- The Brazil mpls ip vpn market generated a revenue of USD 1,021.6 million in 2023 and is expected to reach USD 1,460.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, layer 3 was the largest revenue generating service in 2023.
- Layer 3 is the most lucrative service segment registering the fastest growth during the forecast period.
Mpls ip vpn market data book summary
| Market revenue in 2023 | USD 1,021.6 million |
| Market revenue in 2030 | USD 1,460.4 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Layer 3 |
| Fastest growing segment | Layer 3 |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Layer 2, Layer 3 |
| Key market players worldwide | AT&T, Lumen Technologies Inc Ordinary Shares, Cisco Systems Inc, GCX Corporation, Reliance Global Group Inc, Telefonica SA, Telstra Group Ltd, Deutsche Telekom AG, Verizon Communications Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.6% of the global mpls ip vpn market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil mpls ip vpn market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,460.4 million by 2030.
Layer 3 was the largest segment with a revenue share of 53.46% in 2023. Horizon Databook has segmented the Brazil mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the largest economies in Latin America, and its ongoing economic development propels digital transformation initiatives. Businesses are increasingly adopting advanced technologies, necessitating robust and reliable networking solutions such as MPLS IP VPN.
The growing concerns about data privacy are leading to stricter data protection regulations in Brazil, such as the Lei Geral de Protecao de Dados (LGPD) and the General Data Protection Law. MPLS IP VPN service providers offering robust security features and compliance with these regulations are expected be well-positioned for growth.
Moreover, the adoption of cloud-based services is on the rise in Brazil. Businesses are moving their applications and data to the cloud for various benefits, such as scalability, cost-effectiveness, and improved agility.
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MPLS IP VPN Market Scope
MPLS IP VPN Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil MPLS IP VPN Market Outlook Share, 2023 & 2030 (US$M)
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