The global Network as a Service Market had a recorded market size of USD $35.3 billion as of 2016. But with the rise in demand, the market size is predicted to increase to USD $126.8 billion by the end of the present forecast years. The growth rate is recorded at a high CAGR rate of 28.4%.
In modern-day terminology, Network as a Service is accountable as a model of virtual networking business, as of the present scenario. This service is utilized for integrating or merging the modern-day cloud computing services with that of advanced cloud networking framework. It is the business model that works upon quickly delivering the network services, but on virtual measures. It can be adapted in the form of diverse payment options and is also referred to as the ongoing demand network provider for diverse business types.
The use of this business model has risen in demand with the spread of potential awareness upon cloud technology, which offers vast storage of data and concept introduction to Big Data Analytics. The speedy growth of this market is also noticed over some IoT implementations that work upon supporting the massive growth of this industry. Moreover, with this market boost, it is expected that the modern NFV will get developed within a minimal estimated period of time.
The report focuses on highlighting the growth potential of the industry. Along with that, this report also focuses upon the market segmentation, market drivers, regional analysis, and other such important factors. The report also explains the potential of key players across the various regions that are working upon improving the growth of this industry. The market size was higher in the initiating years of this model, as people just came to know about it at the start. Now, with the rise in adaptation, the market size is expected to boom in the present forecast years on a high scale.
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Based on the type segmentation, the global Network as a Service Market is segmented into LAN and WAN type implementation. The people utilizing upon this model can pick the type that their business would profit from!
Based on the service segmentation, the global Network as a Service Market is segmented into offering services such as WAN connection, Data Center, and BOD.
Based on the component segmentation, the global NaaS Market is segmented into technology service and infrastructure. It offers services to be implemented over a complete business infrastructure or as a specific technology service.
Based on the end-user segmentation, the global NaaS market is segmented into diverse end-users such as IT & Telecommunication, Healthcare, and BFSI. These are the sectors that are progressively implementing the use of NaaS solutions.
The global network as a service market trend are analysed across APAC, North America, EU, and the rest of the world. The inclination towards adoption of disruptive technologies and intense research in telecom industry resulting in rapid development are observed as chief factors that can prompt the expansion of the network as a service market in the years to come. The rise in cloud-based services can drive North America network as a service market across the analysis period. North America can secure the highest share of the global market, with the US leading the regional market through the study period. In Europe, the surge in the telecommunication sector and rise in network facilities can prompt the expansion of the network as a service market in the years to come. The existence of firm IT infrastructure and rise in the number of IT projects can drive EU NaaS market through study period. In Asia Pacific region, the network as a service market can garner considerable revenue in the years to come. The expansion of APAC NaaS market can be attribute to the initiative taken by government to promote NaaS across rising economies.
Alcatel Lucent (U.S.), Ciena Corporation (U.S), Brocade Communications Systems Inc. (U.S.), Juniper Networks (U.S.), Cisco Systems (U.S.), IBM Corp. (U.S.), NEC Corp. (Japan), Aryaka Networks Inc. (U.S.), VMware (U.S.), and AT&T (U.S.) among others are some notable marketers in the global network as service market as listed by MRFR.
The telecom cloud is adapting to the change of modern-day telecommunication companies. They are upgrading from the landline services to offer advanced level cloud-computing services. Hence, that will definitely be permitting the actual employment of the networking resources. This concept of NaaS is helping companies adapt the benefits of modern-day cloud computing solutions for IT optimization. Hence, that results in lesser costs, higher elasticity, and a high level of accuracy.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
LIST OF TABLES
TABLE 1 GLOBAL NETWORK AS A SERVICE MARKET, BY TYPE
TABLE 2 GLOBAL NETWORK AS A SERVICE MARKET, BY SERVICE
TABLE 3 GLOBAL NETWORK AS A SERVICE MARKET, BY COMPONENT
LIST OF FIGURES
FIGURE 1 RESEARCH NETWORK SOLUTION
FIGURE 2 GLOBAL NETWORK AS A SERVICE MARKET: BY TYPE (%)
FIGURE 3 GLOBAL NETWORK AS A SERVICE MARKET: BY SERVICE (%)
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