North America Mpls Ip Vpn Market Size & Outlook, 2023-2030
North America mpls ip vpn market, 2018-2030 (US$M)
Related Markets
North America mpls ip vpn market highlights
- The North America mpls ip vpn market generated a revenue of USD 22,533.0 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 22,533.0 million |
| Market revenue in 2030 | USD 33,639.2 million |
| Growth rate | 5.9% (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, North America region accounted for 35.1% 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 64.14% in 2023. Horizon Databook has segmented the North America mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
Various factors are driving the growth of MPLS IP VPN services in the region, such as the rising demand for secure and reliable connectivity, burgeoning bandwidth-intensive applications, and expansion of geographically distributed enterprises.
Moreover, technologies such as video conferencing, high-definition streaming, and the Internet of Things (IoT) are driving the demand for higher bandwidth. MPLS, IP, and VPNs can provide the requisite bandwidth for these applications to function optimally.
The region has a strong presence of major technology companies and financial institutions that heavily rely on secure and reliable network connectivity.
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MPLS IP VPN Market Scope
MPLS IP VPN Market Companies
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North America mpls ip vpn market size, by country, 2018-2030 (US$M)
North America MPLS IP VPN Market Outlook Share, 2023 & 2030 (US$M)
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