India Multiprotocol Label Switching - Transport Profile Market size is projected to grow at a CAGR of 5.2% during 2024-2030

In terms of service providers, telecom operators garnered the maximum revenue share in India MPLS TP Market – 6Wresearch

Telecom operators surged ahead in India Multiprotocol Label Switching - Transport Profile Market, leveraging extensive infrastructure investments, infrastructure, network reach, service differentiation, regulatory compliance, and necessary technical expertise. Notably, the Indian telecom giants are expected to invest around $19.5 billion in the development of advanced infrastructure for 5G by 2025 further reinforcing dominant position of telecom operators in the market.

According to 6Wresearch, India Multiprotocol Label Switching - Transport Profile Market size is projected to grow at a CAGR of 5.2% during 2024-2030. The rapid adoption of cloud technologies in India, projected to contribute $310-380 billion to GDP by 2026, would drive demand for MPLS technology, aligning with the need for robust network infrastructure. The Indian enterprises sector is projected to expand significantly, particularly in Grade-A offices and government initiatives and this factor is expected to boost the MPLS-TP market to meet the evolving connectivity needs of businesses in India.

Low broadband speed and disparities in broadband speeds, hinder seamless operation for seamless connectivity and would act as a restraining factor for the widespread adoption of the MPLS-TP market in the country.

According to Shivankar, Research Manager, 6Wresearch, the southern region in India is poised to dominate the market, propelled by the rising adoption of cloud-based services and substantial investments in IT infrastructure development. Moreover, government-led initiatives, exemplified by Tamil Nadu's investment of Rs 400 crores in digital infrastructure to connect villages and blocks through fiber networks, underscore the region's significant growth potential. These efforts solidify the region’s prominence in the market and present lucrative opportunities for industry players to capitalize on.

The India Multiprotocol Label Switching - Transport Profile Market (2024-2030) report provides an in-depth analysis with 21 figures and 8 tables, covering 86 pages. The report comprehensively covers the market by service providers, industry, government application and region. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.