Rise in adoption of mobile back haul networks across the globe drives growth of the market. In addition, with the rise in global expansion of enterprises, there is a need for secure connectivity and effective means of data management among businesses, which fuels growth of the market.
However, implementation of Managed MPLS Market network is very costly, which restrains the market growth. Furthermore, use of machine learning and adoption of new technologies among enterprises provide lucrative opportunities for the market growth.
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COVID-19 scenario analysis:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the managed MPLS market in 2020.
- Though governments have imposed lockdowns to contain spread of the virus, all businesses and organizations are shifting their operations online and sending information on cloud. Hence, to increase safety of data on cloud storage more and more organizations are adopting MPLS, which propels the market growth.
U.S. is expected to hold a significant share in the managed MPLS market. With the surge in cloud computing, there is a need for managed MPLS networks among enterprises to make their networks more efficient and secure, which creates demand for these types of services and boost the market growth. In addition, owing to presence of large number of market players in the region, which further boosts the market growth.
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Growth in smartphone penetration and rise in number of device phones connected to internet had put pressure on telecom system. In addition, network operators are facing numerous challenges associated with insufficient bandwidth. Companies are also building and changing their strategies to overcome bandwidth problems and grow in the MPLS market. For instance, in Sep 2018, Jio and Cisco announced an extension of their partnership to tap $6,621,815 enterprise market. Jio introduced new internet protocol technology that helps Cisco and Jio to increase the security of their customers.
Furthermore, rise in investments in cloud-based services by enterprises, owing to greater advantages of SaaS, IaaS, and PaaS have forced IT providers to maintain their delivery through their own networks, which is expected to drive growth of the market.
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Key benefits of the report:
- This study presents analytical depiction of the global managed MPLS market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global managed MPLS market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis based on the present and future competitive intensity of the market.
Key Market Players:
- Sprint Nextel Corporation,,
- Syringa Networks LLC.,,
- BT Global Services Ltd.,
- Orange SA,,
- Cisco Systems Inc.,
- Verizon Communications Inc.,
- AT&T Communications Inc.,
- Vodafone Group PLC.,
- Netmagic Solutions Pvt Ltd (NTT Communications),,
- Century Link Inc.
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