China Mpls Ip Vpn Market Size & Outlook, 2023-2030
China mpls ip vpn market, 2018-2030 (US$M)
Related Markets
China mpls ip vpn market highlights
- The China mpls ip vpn market generated a revenue of USD 5,996.9 million in 2023 and is expected to reach USD 9,778.9 million by 2030.
- The China market is expected to grow at a CAGR of 7.2% 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 5,996.9 million |
| Market revenue in 2030 | USD 9,778.9 million |
| Growth rate | 7.2% (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, China accounted for 9.4% 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 Asia Pacific, China mpls ip vpn market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,681.1 million by 2030.
Layer 3 was the largest segment with a revenue share of 66.35% in 2023. Horizon Databook has segmented the China mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
China continues to experience internet penetration, which is consequently boosting the demand for secure and reliable VPN services, thereby protecting data and enabling secure remote access.
China's ongoing investment in building a robust network infrastructure, including fiber optic networks, is expected to benefit MPLS, IP, and VPN services. Chinese service providers are actively innovating and developing new MPLS IP and VPN service offerings tailored to meet the specific needs of their businesses.
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MPLS IP VPN Market Scope
MPLS IP VPN Market Companies
| Name | Profile | # Employees | HQ | Website |
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China MPLS IP VPN Market Outlook Share, 2023 & 2030 (US$M)
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