Latin America Mpls Ip Vpn Market Size & Outlook, 2023-2030
Latin America mpls ip vpn market, 2018-2030 (US$M)
Related Markets
Latin America mpls ip vpn market highlights
- The Latin America mpls ip vpn market generated a revenue of USD 3,380.2 million in 2023.
- The market is expected to grow at a CAGR of 7% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3,380.2 million |
| Market revenue in 2030 | USD 5,441.0 million |
| Growth rate | 7% (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, Latin America region accounted for 5.3% 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 52.71% in 2023. Horizon Databook has segmented the Latin America mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
Businesses across Latin America are actively implementing digital transformation initiatives. This necessitates secure and reliable networks to support cloud adoption, remote workforces, and the growing volume of data traffic. MPLS IP VPN services offer the performance and security needed for these critical functions.
In addition, internet penetration rates in Latin America are steadily on the rise, leading to a growing pool of internet users. This translates to a rising demand for secure and reliable VPN services to protect user data and enable secure remote access.
Businesses across Latin America are actively implementing digital transformation initiatives. This necessitates secure and reliable networks to support cloud adoption, remote workforces, and the growing volume of data traffic. MPLS IP VPN services offer the performance and security needed for these critical functions.
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MPLS IP VPN Market Scope
MPLS IP VPN Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America mpls ip vpn market size, by country, 2018-2030 (US$M)
Latin America MPLS IP VPN Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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