Journal entry by Amit Pawar —
The global MPLS IP VPN services market is expected to spread USD 26.62 billion by 2020. Despite considerable growth over the last five years, the market is balanced for high growth on account of appreciable growth potential displayed by managed MPLS IP VPN services. Enterprises have increasingly started incorporating MPLS IP VPN services for leveraging advantages such as cost minimization and performance maximization. Combination of video, voice, and data on a single platform from other sources and the capacity to provide scalable bandwidth is expected to inspire MPLS IP VPN services adoption. Stringent regulations belonging to the use of VPN for personal applications, especially in the Middle East countries and China are expected to show a challenge to the MPLS IP VPN services market growth over the forecast period. IT departments of enterprises which choose for outsourcing their networking and routing decisions usually favor layer 3 VPNs (L3VPNs). As MPLS offers a high Quality of Service (QoS) which is the primary requirement for VoIP, video conferencing is expected to emerge as a key application area over the forecast period. Significant bandwidth offered by MPLS IP VPN services between the user’s equipment and the service provider’s network helps suffice VoIP’s requirements. Audio conferencing is projected to be a fast-growing and beneficial application sector. North America and Asia Pacific constituted key regional MPLS IP VPN services markets in 2013 on account of the presence of brilliant market players satiated the needs of an increasing consumer base. Competitive solutions particularly customized for MNCs having a relatively smaller international presence are offered by brilliant international MPLS IP VPN services operators such as AT&T, BT Global Services, Verizon, and Orange Business Services. The success of emerging MPLS IP VPN services market players hinges on establishing technical support partnerships and Network-To-Network Interface (NNI) relationships with an emphasis on customer service and flexible service offerings. For the aim of this study, Grand View Research has segmented the universal MPLS IP VPN services market on the basis of service, application, and region: MPLS IP VPN Service Outlook (Revenue, USD Million, 2012 – 2020) Layer 2 VPN (L2VPN) Layer 3 VPN (L3VPN) MPLS IP VPN Services Application Outlook (Revenue, USD Million, 2012 – 2020) Automated Machines Video Conferencing Audio Conferencing Others MPLS IP VPN Services Regional Overlook (Revenue, USD Million, 2012 – 2020) North America Europe Asia Pacific RoW
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