CIOL: The Indian IP VPN market is expected to grow at a compound annual growth rate (CAGR) of 31.6 percent between the year 2003 and 2009 according to Frost & Sullivan (F&S).
Having witnessed an estimated growth of 24 percent in the year 2004, the IP VPN market is expected to witness a growth explosion in the year 2005 with MPLS driving the IP VPN market, largely due to its ability to offer frame relay features with a lesser-cost incidence.
According to F&S, the growth rate is likely to stabilize from 2006 through the forecast period.
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