Europe Mpls Ip Vpn Market Size & Outlook, 2023-2030
Global Market
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Europe mpls ip vpn market highlights
- The Europe mpls ip vpn market generated a revenue of USD 16,129.8 million in 2023.
- The market is expected to grow at a CAGR of 6.1% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 16,129.8 million |
| Market revenue in 2030 | USD 24,479.6 million |
| Growth rate | 6.1% (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 |
| 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, Europe region accounted for 25.2% 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.
Europe is a hub for multinational enterprises with branches dispersed across the globe. MPLS IP VPNs offer a secure and reliable way to connect these locations and facilitate seamless data exchange across borders.
Moreover, the European market is mature, with established players such as British Telecommunications plc, Orange S.A., and Deutsche Telekom AG offering MPLS IP VPN services. This leads to intense competition, driving innovative products for its customers.
For instance, in April 2024, British Telecommunications plc introduced IP Connect Global, a Multiprotocol Label Switching (MPLS) VPN designed to provide users with secure connectivity. Businesses are ensured secure, high-quality, and dedicated bandwidth connections.
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Publish Date: Oct 29, 2024
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MPLS IP VPN Market Scope
MPLS IP VPN Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| Lumen Technologies Inc Ordinary Shares | View profile | 27,000 | 100 CenturyLink Drive, Monroe, LA, United States, 71203 | www.lumen.com |
| Verizon Communications Inc | View profile | 105,400 | 1095 Avenue of the Americas, New York, NY, United States, 10036 | www.verizon.com |
| Deutsche Telekom AG | View profile | 201,251 | Friedrich-Ebert-Allee 140, Bonn, Germany, 53113 | www.telekom.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | www.att.com |
| Telefonica SA | View profile | 104,142 | Ronda de la Comunicacion, s/n, Central Building Auditorium, Floor 3, Telefonica District, Madrid, Spain, 28050 | www.telefonica.com |
| Telstra Group Ltd | View profile | 32,293 | 242 Exhibition Street, Level 41, Melbourne, VIC, Australia, 3000 | www.telstra.com.au |
| Reliance Global Group Inc | View profile | 67 | 300 Boulevard of the Americas, Suite 105, Lakewood, NJ, United States, 08701 | www.relianceglobalgroup.com |
| GCX Corporation | View profile | 251-500 | Petaluma, California, United States, North America | www.gcx.com/ |
Europe MPLS IP VPN Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to MPLS IP VPN Market Outlook will help companies and investors design strategic landscapes.
Layer 3 was the largest segment with a revenue share of 59.6% in 2023.
Horizon Databook has segmented the Europe mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is a hub for multinational enterprises with branches dispersed across the globe. MPLS IP VPNs offer a secure and reliable way to connect these locations and facilitate seamless data exchange across borders.
Moreover, the European market is mature, with established players such as British Telecommunications plc, Orange S.A., and Deutsche Telekom AG offering MPLS IP VPN services. This leads to intense competition, driving innovative products for its customers.
For instance, in April 2024, British Telecommunications plc introduced IP Connect Global, a Multiprotocol Label Switching (MPLS) VPN designed to provide users with secure connectivity. Businesses are ensured secure, high-quality, and dedicated bandwidth connections.
- Europe Mpls Ip Vpn Market Service Outlook (Revenue, USD Million , 2018-2030)
- Layer 2
- Layer 3
- Europe Mpls Ip Vpn Market Application Outlook (Revenue, USD Million , 2018-2030)
- Automated Machines
- Video Conferencing
- Audio Confenrencing
- Others
- Europe Mpls Ip Vpn Market Deployment Model Outlook (Revenue, USD Million , 2018-2030)
- Managed Services
- Self-Services
- Europe Mpls Ip Vpn Market Industry Outlook (Revenue, USD Million , 2018-2030)
- BFSI
- Healthcare
- IT & Telecom
- Government
- Education
- Retail & Consumer Goods
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe MPLS IP VPN Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe MPLS IP VPN Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Mpls Ip Vpn Market, 2018-2030 (US$M)
Europe mpls ip vpn market statistics, by service, 2018-2030 (US$M)
