India Mpls Ip Vpn Market Size & Outlook, 2023-2030
India mpls ip vpn market, 2018-2030 (US$M)
Related Markets
India mpls ip vpn market highlights
- The India mpls ip vpn market generated a revenue of USD 4,166.1 million in 2023 and is expected to reach USD 7,681.1 million by 2030.
- The India market is expected to grow at a CAGR of 9.1% 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.
Mpls ip vpn market data book summary
| Market revenue in 2023 | USD 4,166.1 million |
| Market revenue in 2030 | USD 7,681.1 million |
| Growth rate | 9.1% (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 |
Other key industry trends
- In terms of revenue, India accounted for 6.5% of the global mpls ip vpn market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mpls ip vpn market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,681.1 million by 2030.
Layer 3 was the largest segment with a revenue share of 55.26% in 2023. Horizon Databook has segmented the India mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
The number of internet users continues to grow in the country; as a result, there exists a corresponding need for secure and dependable VPN services. This ensures secure access to data and applications for a growing online population.
A flagship government program, "Digital India," aims to transform India into a digitally empowered society and knowledge economy. This initiative will drive significant demand for robust network infrastructure, driving the market for MPLS IP VPN services.
In March 2024, the Union Minister for Communications, Electronics, and Information Technology launched India's fastest and indigenously designed IP/MPLS (Multiprotocol Label Switching) router.
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MPLS IP VPN Market Scope
MPLS IP VPN Market Companies
| Name | Profile | # Employees | HQ | Website |
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India MPLS IP VPN Market Outlook Share, 2023 & 2030 (US$M)
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