IP VPN services revenues reached $2.9 bln in 2004

IP VPN (Virtual Private Network) services are generating strong revenue growth for service providers as they migrate customers from legacy Frame Relay/ATM and private-line services, according to In-Stat. Revenues from IP VPN services in the US will rise from $2.9 bln in 2004 to $8.1 bln in 2009, the high-tech market research firm forecasts. AT&T increased its leading market share of the US IP VPN services market in 2004. MCI and SAVVIS had the 2nd and 3rd leading market shares, respectively.