Europe Mpls Ip Vpn Market Size & Outlook, 2023-2030
Europe mpls ip vpn market, 2018-2030 (US$M)
Related Markets
Europe mpls ip vpn market highlights
- The Europe mpls ip vpn market generated a revenue of USD 16,129.8 million in 2023.
- The market is expected to grow at a CAGR of 6.1% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 16,129.8 million |
| Market revenue in 2030 | USD 24,479.6 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Layer 3 |
| Fastest growing segment | Layer 3 |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 25.2% of the global mpls ip vpn market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 32,423.3 million by 2030.
Layer 3 was the largest segment with a revenue share of 59.6% in 2023. Horizon Databook has segmented the Europe mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is a hub for multinational enterprises with branches dispersed across the globe. MPLS IP VPNs offer a secure and reliable way to connect these locations and facilitate seamless data exchange across borders.
Moreover, the European market is mature, with established players such as British Telecommunications plc, Orange S.A., and Deutsche Telekom AG offering MPLS IP VPN services. This leads to intense competition, driving innovative products for its customers.
For instance, in April 2024, British Telecommunications plc introduced IP Connect Global, a Multiprotocol Label Switching (MPLS) VPN designed to provide users with secure connectivity. Businesses are ensured secure, high-quality, and dedicated bandwidth connections.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
MPLS IP VPN Market Scope
MPLS IP VPN Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe mpls ip vpn market size, by country, 2018-2030 (US$M)
Europe MPLS IP VPN Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
