Global Mpls Ip Vpn Market Size & Outlook, 2023-2030
The global mpls ip vpn market size was estimated at USD 64,123.5 million in 2023 and is projected to reach USD 101,322.8 million by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
Revenue, 2023 (US$M)
$64,123.5
Forecast, 2030 (US$M)
$101,322.8
CAGR, 2024 - 2030
6.8%
Report Coverage
Worldwide
Global mpls ip vpn market, 2018-2030 (US$M)
Related Markets
Global mpls ip vpn market highlights
- The global mpls ip vpn market generated a revenue of USD 64,123.5 million in 2023 and is expected to reach USD 101,322.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.8% by 2030.
- In terms of segment, layer 3 accounted for a revenue of USD 38,844.0 million in 2023.
- Layer 3 is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 64,123.5 million |
| Market revenue in 2030 | USD 101,322.8 million |
| Growth rate | 6.8% (CAGR from 2024 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 |
Other key industry trends
- In terms of revenue, the North America accounted for 35.1% of the global mpls ip vpn market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 4,884.4 million by 2030.
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MPLS IP VPN Market Scope
Mpls ip vpn market segmentation & scope
MPLS IP VPN Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GCX Corporation | View profile | 251-500 | Petaluma, California, United States, North America | https://www.gcx.com/ |
| Reliance Global Group Inc | View profile | 67 | 300 Boulevard of the Americas, Suite 105, Lakewood, NJ, United States, 08701 | https://www.relianceglobalgroup.com |
| Telstra Group Ltd | View profile | 32293 | 242 Exhibition Street, Level 41, Melbourne, VIC, Australia, 3000 | https://www.telstra.com.au |
| Telefonica SA | View profile | 104142 | Ronda de la Comunicacion, s/n, Central Building Auditorium, Floor 3, Telefonica District, Madrid, Spain, 28050 | https://www.telefonica.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | https://www.att.com |
| Deutsche Telekom AG | View profile | 201251 | Friedrich-Ebert-Allee 140, Bonn, Germany, 53113 | https://www.telekom.com |
| Verizon Communications Inc | View profile | 105400 | 1095 Avenue of the Americas, New York, NY, United States, 10036 | https://www.verizon.com |
| Lumen Technologies Inc Ordinary Shares | View profile | 27000 | 100 CenturyLink Drive, Monroe, LA, United States, 71203 | https://www.lumen.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
Global mpls ip vpn market size, by regions, 2018-2030 (US$M)
Top 10 countries: Mpls ip vpn market size, 2023 (US$M)
Global mpls ip vpn market share, by service, 2023 & 2030 (%, US$M)
Mpls ip vpn market: Opportunity assessment by country
Global mpls ip vpn market, by region, 2023 (US$M)
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