MPLS-Based Core Network Trends and Forecast
The future of the global MPLS-based core network market looks promising with opportunities in the BFSI, manufacturing, government, healthcare, IT & telecommunication, and retail markets. The global MPLS-based core network market is expected to reach an estimated $74.4 billion by 2030 with a CAGR of 9.8% from 2024 to 2030. The major drivers for this market are increasing demand for dependable and economical MPLS-based core network and growing demand from various industries for safe connectivity.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
MPLS-Based Core Network by Segment
The study includes a forecast for the global MPLS-based core network by component, end use, and region.
MPLS-Based Core Network Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• MPLS-Based Devices
• IP/MPLS Management Software
• Services
MPLS-Based Core Network Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• Manufacturing
• Government
• Healthcare
• IT & Telecommunications
• Retail
• Others
MPLS-Based Core Network Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of MPLS-Based Core Network Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies MPLS-based core network companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the MPLS-based core network companies profiled in this report include-
• AT&T Communications
• Cisco Systems
• Century Link
• Orange
• BT Global Services
• Sprint Nextel Corporation
• Syringa Networks
MPLS-Based Core Network Market Insights
Lucintel forecasts that MPLS-based device is expected to witness the highest growth over the forecast period.
Within this market, IT & telecommunication is expected to witness the highest growth over the forecast period.
North America is expected to witness highest growth over the forecast period due to expanding spending upon cloud services and strong presence of major SD-WAN service providers in the region.
Features of the Global MPLS-Based Core Network Market
Market Size Estimates: MPLS-based core network market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: MPLS-based core network market size by component, end use, and region in terms of value ($B).
Regional Analysis: MPLS-based core network market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, end uses, and regions for the MPLS-based core network market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the MPLS-based core network market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the MPLS-based core network market size?
Answer: The global MPLS-based core network market is expected to reach an estimated $74.4 billion by 2030.
Q2. What is the growth forecast for MPLS-based core network market?
Answer: The global MPLS-based core network market is expected to grow with a CAGR of 9.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the MPLS-based core network market?
Answer: The major drivers for this market are increasing demand for dependable and economical MPLS-based core network and growing demand from various industries for safe connectivity.
Q4. What are the major segments for MPLS-based core network market?
Answer: The future of the MPLS-based core network market looks promising with opportunities in the BFSI, manufacturing, government, healthcare, IT & telecommunication, and retail markets.
Q5. Who are the key MPLS-based core network market companies?
Answer: Some of the key MPLS-based core network companies are as follows:
• AT&T Communications
• Cisco Systems
• Century Link
• Orange
• BT Global Services
• Sprint Nextel Corporation
• Syringa Networks
Q6. Which MPLS-based core network market segment will be the largest in future?
Answer: Lucintel forecasts that MPLS-based device is expected to witness the highest growth over the forecast period.
Q7. In MPLS-based core network market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to expanding spending upon cloud services and strong presence of major SD-WAN service providers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the MPLS-based core network market by component (MPLS-based devices, IP/MPLS management software, and services), end use (BFSI, manufacturing, government, healthcare, IT & telecommunications, retail, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to MPLS-Based Core Network Market, MPLS-Based Core Network Market Size, MPLS-Based Core Network Market Growth, MPLS-Based Core Network Market Analysis, MPLS-Based Core Network Market Report, MPLS-Based Core Network Market Share, MPLS-Based Core Network Market Trends, MPLS-Based Core Network Market Forecast, MPLS-Based Core Network Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.