Managed MPLS Market Report 2024 (Global Edition)

Global Managed MPLS Market Report 2024 Market Size Split by Service (Level 3 VPN, Level 2 VPN), by End User (IT and Telecommunication, Healthcare, BFSI, Retail, Manufacturing, Government, Others), by ...

Managed MPLS Market Report Description

We have various report editions of Managed MPLS Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Managed MPLS Market

In the competitive landscape of the managed MPLS market, major players such as AT&T, Verizon, and Orange Business Services dominate, leveraging their extensive global networks and service portfolios. Additionally, emerging players like CenturyLink and NTT Communications are gaining traction through innovative offerings and strategic partnerships, intensifying market competition.

Top Companies Market Share in Managed MPLS Industry: (In no particular order of Rank)

• AT&T Inc.
• B.T. Global Services Limited (B.T. Group plc)
• Cisco Systems Inc.
• Lumen Technologies Inc.
• Nippon Telegraph and Telephone Corporation
• Orange S.A.
• Syringa Networks LLC
• T-Mobile US Inc. (Deutsche Telekom AG)
• Verizon Communications Inc. and Vodafone Group Plc.
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Managed MPLS  Market  

Which Region will dominate the Managed MPLS  Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. In North America, the managed MPLS market exhibits robust growth driven by widespread digitalization initiatives and the increasing adoption of cloud-based services across enterprises. The region benefits from a mature telecommunications infrastructure and a strong presence of key market players offering advanced managed MPLS solutions. Moreover, the rising demand for secure and reliable networking solutions further propels market expansion. However, competition among service providers and stringent regulatory frameworks pose challenges to market penetration and pricing strategies in this highly competitive landscape.

Which Region is Expanding at the Fastest CAGR?

The European region is witnessing an increase in the sales of reagents. In Europe, the managed MPLS market demonstrates robust growth driven by increasing adoption among enterprises seeking secure and reliable networking solutions. Major economies such as Germany, the U.K., and France lead the market, supported by favorable government initiatives and strong investments in digital infrastructure—the presence of key players offering comprehensive managed services further fuels market expansion. However, regulatory complexities and competitive pressures pose challenges. Overall, Europe's managed MPLS market exhibits a promising trajectory, driven by evolving connectivity needs and technological advancements.

The current report Scope analyzes Managed MPLS Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Managed MPLS Market

According to Cognitive Market Research, the global Managed MPLS market size was estimated at USD 69152.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 27660.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. In North America, the managed MPLS market is propelled by the growing demand for scalable and secure networking solutions among enterprises. The region's robust digital infrastructure, coupled with the increasing adoption of cloud-based services, drives the need for managed MPLS to ensure reliable connectivity and data transmission. Additionally, the proliferation of IoT devices and the emergence of 5G technology further accelerate market growth by necessitating advanced network management capabilities to support diverse and demanding workloads.

Country Analysis

• According to Cognitive Market Research, the U.S. had a major share in the biochemical reagents market with a market size of USD 21824.43 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Factors such as the proliferation of cloud-based applications, rising data traffic, and the need for efficient interconnectivity among branch offices drive market growth.
• The Canada biochemical reagents market had a market share of USD 3319.31 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Canada's government's investments in broadband infrastructure and initiatives to promote digital inclusion further stimulate market growth.
• The Mexico biochemical reagents market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 2517.14 million in 2024.

 

Europe Managed MPLS Market

According to Cognitive Market Research, with a market value of USD 14,621.20 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 20745.66 million. Europe, the managed MPLS market is primarily propelled by the region's increasing digital transformation initiatives and the growing demand for secure and efficient networking solutions among enterprises. The adoption of managed MPLS services is further driven by the need for reliable connectivity to support cloud migration, IoT integration, and remote working environments. Additionally, regulatory requirements promoting data security and compliance also contribute to the market's growth by encouraging businesses to invest in managed MPLS.

• The United Kingdom's biochemical reagents market had a market share of USD 3485.27 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the U.K., the need to support critical applications, ensure seamless connectivity across geographically dispersed locations, and enhance operational efficiency propels the adoption of managed MPLS services.
• The French biochemical reagents market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 1908.60 million in 2024.
• According to Cognitive Market Research, the German biochemical reagents market size was valued at USD 4107.64 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period: the country's strong industrial base and emphasis on digitalization foster demand for reliable and secure networking solutions.
• The Italian biochemical reagents market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 1784.13 million in 2024.
• The Russian biochemical reagents market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 3215.58 million in 2024.
• The Spanish biochemical reagents market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 1701.14 million in 2024.
• The Luxembourg biochemical reagents market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 643.12 million in 2024.
• The Portuguese biochemical reagents market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 435.66 million in 2024.
• The Greece biochemical reagents market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 248.95 million in 2024.
• The rest of Europe's biochemical reagents market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 3215.58 million in 2024.

 

 

Asia Pacific Managed MPLS Market

According to Cognitive Market Research, the global Managed MPLS market size was estimated at USD 69152.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 15905.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031. In the Asia-Pacific region, the managed MPLS market is propelled by several drivers. Rapid digitalization efforts across industries, particularly in emerging economies like India and China, fuel the demand for secure and scalable networking solutions. Additionally, the proliferation of cloud-based applications and the need for efficient data transmission further stimulate market growth. Government initiatives promoting broadband infrastructure development also contribute to the expansion of managed MPLS services, fostering connectivity and enabling business growth.

• According to Cognitive Market Research, the China biochemical reagents market size was valued at USD 7157.25 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. The proliferation of cloud services and the adoption of advanced technologies fuel the need for reliable MPLS networks, further stimulating market growth in the region.
• The Japan biochemical reagents market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 2194.89 million in 2024.
• The India biochemical reagents market had a market share of USD 1908.60 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. Government-led initiatives like Digital India and Smart Cities further stimulate market growth.
• The South Korean biochemical reagents market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 1590.50 million in 2024.
• The Australian biochemical reagents market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 827.06 million in 2024.
• The Southeast Asia biochemical reagents market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 1097.45 million in 2024.
• The Rest of the Asia Pacific biochemical reagents market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 1129.26 million in 2024.

 

South America Managed MPLS Market

According to Cognitive Market Research, the global Biochemical reagents market size was estimated at USD 69152.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 3457.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. Latin America, the managed MPLS market is propelled by the increasing demand for advanced networking solutions to support digital transformation initiatives among enterprises. Factors such as the expansion of multinational corporations, the rising adoption of cloud services, and the need for secure and reliable connectivity drive market growth. Additionally, government investments in infrastructure development and regulatory reforms to foster telecom innovation further accelerate the adoption of managed MPLS services across the region.

• According to Cognitive Market Research, Brazil's biochemical reagents market size was valued at USD 1479.86 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. Government efforts to improve broadband infrastructure and regulatory reforms fostering competition further stimulate market growth.
• The Argentina biochemical reagents market had a market share of USD 580.88 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. The businesses seek to optimize their operations and expand their digital footprint; managed MPLS services offer scalable and cost-effective connectivity options.
• The Colombia biochemical reagents market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 307.73 million in 2024.
• The Peru biochemical reagents market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 283.52 million in 2024.
• The Chile biochemical reagents market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 248.95 million in 2024.
• The Rest of the Latin American biochemical reagents market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 556.68 million in 2024.

 

Middle East and Africa Managed MPLS Market

According to Cognitive Market Research, the global Managed MPLS market size was estimated at USD 69152.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1383.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. Middle East and Africa (MEA), the managed MPLS market, is propelled by increasing digitization efforts and the adoption of cloud-based applications across various industries. The rising demand for secure and reliable connectivity solutions to support remote workforces and enhance business operations acts as a key driver. Additionally, government initiatives to modernize infrastructure and improve internet connectivity further stimulate market growth. Overall, the MEA region presents significant opportunities for managed MPLS service providers amidst evolving digital transformation trends.

• According to Cognitive Market Research, the GCC Countries' biochemical reagents market size was valued at USD 591.94 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. The demand for secure and high-performance networking solutions to support diverse industries such as finance, healthcare, and energy acts as a key driver.
• The Egypt biochemical reagents market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 145.22 million in 2024.
• The South African biochemical reagents market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 218.52 million in 2024. Government efforts to improve broadband infrastructure and regulatory support for telecom advancements contribute to market growth.
• The Turkish biochemical reagents market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 118.94 million in 2024.
• The Nigeria biochemical reagents market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 145.22 million in 2024.
• The Rest of the MEA biochemical reagents market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 163.20 million in 2024.

 

Managed MPLS Market Analysis

Managed MPLS  Market  Service Segment Analysis

Level 3 VPN, also known as MPLS Layer 3 VPN, is favored by enterprises seeking secure and scalable connectivity across multiple locations. It offers robust routing capabilities and traffic separation, making it ideal for organizations with complex network architectures requiring stringent security measures.

Level 2 VPN, or MPLS Layer 2 VPN, caters to businesses prioritizing simplicity and flexibility in network management. It provides transparent connectivity between geographically dispersed sites, often preferred by service providers for offering point-to-point or multipoint Ethernet services. Understanding these preferences is crucial for service providers and enterprises alike to tailor their offerings effectively, meeting the diverse needs of their clientele within the Managed MPLS market landscape.

• Level 3 VPN
• Level 2 VPN

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Managed MPLS Industry. Request a Free Sample PDF!

Managed MPLS Market Segment Analysis 

In the I.T. sector, there's a growing demand for managed MPLS services driven by the need for reliable and secure connectivity among distributed offices and cloud environments. 

Telecommunication companies are leveraging managed MPLS to enhance their network infrastructure, ensuring efficient data transmission and improved service delivery to customers. In the Healthcare industry, managed MPLS is witnessing increased adoption to support critical applications like telemedicine, electronic health records (EHR), and medical imaging, where reliability and low latency are paramount.

• IT and Telecommunication
• Healthcare
• BFSI
• Retail
• Manufacturing
• Government
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Managed MPLS Organisation Size Segment Analysis

SMEs often prioritize cost-effectiveness, scalability, and simplified management. Managed MPLS services tailored for SMEs typically offer streamlined setups, affordable pricing models, and basic support options.

L.E.s demand robust, high-performance solutions capable of handling large-scale operations, diverse applications, and stringent security needs. Managed MPLS services for L.E.s commonly include advanced features such as Quality of Service (QoS), traffic prioritization, extensive SLAs, and dedicated support teams.

• Small and Medium Enterprises
• Large Enterprises

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

Author's Conclusion