Saudi Arabia Mpls Ip Vpn Market Size & Outlook, 2023-2030
Related Markets
Saudi Arabia mpls ip vpn market highlights
- The Saudi Arabia mpls ip vpn market generated a revenue of USD 859.6 million in 2023 and is expected to reach USD 1,528.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.6% 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 859.6 million |
| Market revenue in 2030 | USD 1,528.2 million |
| Growth rate | 8.6% (CAGR from 2024 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, Saudi Arabia accounted for 1.3% 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 Middle East & Africa, Saudi Arabia mpls ip vpn market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 953.7 million by 2030.
Layer 3 was the largest segment with a revenue share of 58.88% in 2023. Horizon Databook has segmented the Saudi Arabia mpls ip vpn market based on layer 2, layer 3 covering the revenue growth of each sub-segment from 2018 to 2030.
Vision 2030, a strategic framework for KSA’s economic and social transformation, heavily emphasizes digitalization. This translates to an increased demand for secure and reliable networks to support cloud adoption, smart city development, and e-commerce growth.
Moreover, Vision 2030 promotes the development of smart cities, which depend on robust network infrastructure for data exchange between various city components. MPLS IP VPN services offer a secure solution to establish stable and reliable connectivity between these components.
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MPLS IP VPN Market Scope
MPLS IP VPN Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GCX Corporation | View profile | 251-500 | Petaluma, California, United States, North America | https://www.gcx.com/ |
| Reliance Global Group Inc | View profile | 67 | 300 Boulevard of the Americas, Suite 105, Lakewood, NJ, United States, 08701 | https://www.relianceglobalgroup.com |
| Telstra Group Ltd | View profile | 32293 | 242 Exhibition Street, Level 41, Melbourne, VIC, Australia, 3000 | https://www.telstra.com.au |
| Telefonica SA | View profile | 104142 | Ronda de la Comunicacion, s/n, Central Building Auditorium, Floor 3, Telefonica District, Madrid, Spain, 28050 | https://www.telefonica.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | https://www.att.com |
| Deutsche Telekom AG | View profile | 201251 | Friedrich-Ebert-Allee 140, Bonn, Germany, 53113 | https://www.telekom.com |
| Verizon Communications Inc | View profile | 105400 | 1095 Avenue of the Americas, New York, NY, United States, 10036 | https://www.verizon.com |
| Lumen Technologies Inc Ordinary Shares | View profile | 27000 | 100 CenturyLink Drive, Monroe, LA, United States, 71203 | https://www.lumen.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
Saudi Arabia mpls ip vpn market size, by service, 2018-2030 (US$M)
Saudi Arabia MPLS IP VPN Market Outlook Share, 2023 & 2030 (US$M)
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