Market revenue in 2023 | USD 1,099.0 million |
Market revenue in 2030 | USD 1,981.1 million |
Growth rate | 8.8% (CAGR from 2023 to 2030) |
Largest segment | Layer 3 |
Fastest growing segment | Layer 3 |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
Layer 3 was the largest segment with a revenue share of 60.19% in 2023. Horizon Databook has segmented the Australia mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
Investments in network infrastructure, including the National Broadband Network (NBN), have resulted in enhanced connectivity and adoption of advanced networking solutions such as MPLS IP VPN. The Australian government is actively promoting initiatives that encourage digital adoption and innovation.
These initiatives, such as Vision 2025, the digital transformation strategy, will indirectly drive demand for MPLS IP VPN services as businesses seek to improve their network infrastructure. Moreover, as Australian companies expand internationally, the need for secure and reliable global connectivity grows, making MPLS IP VPN solutions suitable for connecting offices across different regions.
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