Virtual Private LAN Service Market - Forecast(2021 - 2026)
The Global market for Virtual Private LAN Service Market is estimated to reach $2.5 billion by 2026, growing at a CAGR of 18.2% from 2021 to 2026. VPLS is one of the most significant Ethernet technologies with broad market prospects. Furthermore, VPLS is one of the most widely used Ethernet technologies in the market owing to its simplicity, reliability and ease of use. VPLS has many advantages among which it has wide variety of applications including L2VPN for VIP customers, municipal communications infrastructure and personal distributed services. Growing penetration of mobile devices, technological advancements in cloud, multiprotocol label switching, border gateway protocol, spanning tree protocol, route reflectors and virtualizations are driving the market growth of Virtual Private LAN Service Market. Cloud-managed LAN technology nowadays has become a popular source of communication network with broader market prospects. Cloud-m...