A recent report published by
Infinium Global Research on a network as a service market provides in-depth
analysis of segments and sub-segments in the global as well as the regional
network as a service market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional network as a
service market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
network as a service market. According to the report, the global network as a
service market is projected to grow at a CAGR of 37.1% over the forecast period
of 2019-2025.
Network as a service provides
services for the network transport connectivity. It especially inducing new
business owing to fewer capital expenses required for the network hardware. IT
staff manage the organization's network through a portal rather than through
the patchwork of network management tools and stacks of hardware. The
technologies that are going to change networking such as Wi-Fi 6, 5G, SD-WAN.
It includes networking resources, services, and applications as a product that
can be purchased for a number of users, usually on a subscription basis.
Virtualization enables the capability to share, market, or sell just about any the platform, whether it’s cloud infrastructure, networking, or business
application.
The growing adoption of
cloud-based services in a small and large enterprise is propelling the network
as a service market. The increasing adoption of network virtualization
technologies such as Software Defined Networking (SDN) and Network Functions
Virtualization (NFV) is the factor impelling for the same market. The rising
trend of the pay-per-use pricing model which in turn drives the growth of the
market. Likewise, the rising awareness about the economic benefits of the
Network as service (Naas) due to the reduced operational and capital
expenditure contributes to the growth of the market. However, data security and
privacy concerns are the major factors hampering the network as a service
market. Moreover, the demand for software-defined networking offers favorable
opportunities in the network as a service market. Developing standards for
network interoperability and portability are the challenges in the network as a
service market.
Geographically, in 2018, North
America held a dominant market share due to the early adoption of advanced
technology solutions and conspicuous initiatives are taken by industry players
through partnerships are the factors boosting the network as a service market.
In addition, North America regions such as the U.S and Canada are perceiving
increasing the adoption of advanced technologies such as LAN, WAN, and
Wi-Fi. Asia Pacific is expected to grow at the highest CAGR in the forecast
period owing to the increasing adoption of the cloud services in sectors such
as telecom, and banking.
The report on the global network
as a service market covers segments such as type, organization size, and
industry vertical. On the basis of type, the sub-markets include local area
network, cloud-based services, wide area network, bandwidth on demand, VPN as a
service, and managed services. On the basis of organization size, the
sub-markets include small and medium enterprises, and large enterprises. On the
basis of industry vertical, the sub-markets include healthcare, BFSI, IT &
telecom, manufacturing, government and public sector, retail and e-commerce,
and other industry vertical.
The report provides profiles of
the companies in the market such as Amazon Web Services, Inc., Broadcom Ltd.,
Cisco Systems Inc., IBM Corporation, NEC Corporation, Verizon Communications
Inc., Juniper Networks, Inc., VMware Inc., Synnex Corporation, AT&T Inc.,
and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of network as a service market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.