Future Market Insights (FMI) states that in 2018, the market for IP-MPLS VPN services reached US$ 37,689.9 million. In 2022, demand for IP-MPLS VPN services grew by 7.2% year-over-year. In 2023, it is anticipated that the global market will be worth US$ 52,990.6 million. The market is predicted to surge at a CAGR of 8.8% …
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Global IP-MPLS VPN Services Market Surges to $52.99 Billion in 2023; Poised for 8.8% CAGR till 2033
The IP-MPLS VPN Services Market has witnessed remarkable growth in recent years, firmly establishing itself as an indispensable part of the global networking landscape. In 2018, the market size for IP-MPLS VPN services reached an impressive US$ 37,689.9 million. Fast forward to 2022, and the demand for these services recorded a year-on-year growth of 7.2%. With the …