Middle East & Africa Mpls Ip Vpn Market Size & Outlook
Middle East & Africa mpls ip vpn market, 2018-2030 (US$M)
Related Markets
MEA mpls ip vpn market highlights
- The MEA mpls ip vpn market generated a revenue of USD 3,235.2 million in 2023.
- The market is expected to grow at a CAGR of 7.4% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3,235.2 million |
| Market revenue in 2030 | USD 5,339.7 million |
| Growth rate | 7.4% (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, MEA region accounted for 5.0% 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 58.23% in 2023. Horizon Databook has segmented the Middle East & Africa mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
The oil and gas sector remains a significant contributor to the economies of various MEA countries. MPLS IP VPN services offer secure and reliable connectivity for critical operations in this sector. In addition, rapid urbanization across the MEA region generates a demand for improved network infrastructure to connect businesses and individuals within cities.
MPLS IP VPN services can play a supporting role in this rising demand. Moreover, MPLS IP VPN services can offer a cost-effective solution for businesses compared to establishing and managing their own private networks.The oil and gas sector remains a significant contributor to the economies of various MEA countries.
MPLS IP VPN services offer secure and reliable connectivity for critical operations in this sector. In addition, rapid urbanization across the MEA region generates a demand for improved network infrastructure to connect businesses and individuals within cities. MPLS IP VPN services can play a supporting role in this rising demand.
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MPLS IP VPN Market Scope
MPLS IP VPN Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA mpls ip vpn market size, by country, 2018-2030 (US$M)
Middle East & Africa MPLS IP VPN Market Outlook Share, 2023 & 2030 (US$M)
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