Canada Mpls Ip Vpn Market Size & Outlook, 2023-2030
Canada mpls ip vpn market, 2018-2030 (US$M)
Related Markets
Canada mpls ip vpn market highlights
- The Canada mpls ip vpn market generated a revenue of USD 2,647.0 million in 2023 and is expected to reach USD 4,884.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.1% 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 2,647.0 million |
| Market revenue in 2030 | USD 4,884.4 million |
| Growth rate | 9.1% (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, Canada accounted for 4.1% 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 North America, U.S. mpls ip vpn market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,884.4 million by 2030.
Layer 3 was the largest segment with a revenue share of 61.14% in 2023. Horizon Databook has segmented the Canada mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
Canada has a thriving tech industry that emphasizes innovation. This can lead to the development of new technologies that integrate with MPLS IP VPNs, further enhancing their capabilities. Moreover, numerous Canadian businesses operate across the U.S.-Canada border.
MPLS IP VPNs offer a seamless and secure way to connect these locations and facilitate cross-border data exchange. Cybersecurity threats are a constant concern for businesses in Canada. MPLS IP VPNs offer robust security features to safeguard sensitive data transmissions.
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MPLS IP VPN Market Scope
MPLS IP VPN Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada MPLS IP VPN Market Outlook Share, 2023 & 2030 (US$M)
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