Network-as-a-service Market to Witness Unprecedented Growth in Coming Years

Network-as-a-service (NaaS) is the network transport connectivity used for delivering network services virtually over the internet on a metered service (pay-per-use). NaaS providers offer necessary network hardware to end users on subscription basis, which provides a complete network solution. Consumers have to pay only for services that are being used. In NaaS model, the networking operators offer network resources such as optical switches, IP networks, BoD Domains, and routers. Some of the major advantages of NaaS are, it provides scalability and elasticity of service using which the network can be upgraded, providing a strong layer of security when the cloud is to be accessed, and functioning in the background. Furthermore, NaaS aids in providing efficient network bandwidth, effective flexibility of the network over consumption, and positive impact on resource-centric processes such a network monitoring and trouble management.

However, dependability on the vendor for total network solutions is a factor hindering growth of a network-as-a-service market.

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Increasing deployment of cloud computing and network virtualization are the major factors driving growth of the network-as-a-service market

Adoption of cloud computing services and network virtualization has led to significant increase in data collected on various digital and social platforms. In cloud computing, the NaaS benefits in providing scalable, pluggable, and API (Application Programmer Interface) driven network management, where the users can deploy and manage their networks virtually. NaaS offers a networking framework that outspreads the cloud computing’s on-demand and self-service provisioning model to the network service provider. Therefore, increasing deployment of cloud computing positively impacts growth of the market. For instance, according to Coherent Market Insights’ analysis, in 2015 the annual spending on cloud services is US$ 70 million and it is projected to grow to US$ 141 billion by 2019. Moreover, annual global cloud IP traffic is estimated to reach 14.1 ZB (Zeta Byte) by the end of 2020, from 3.9 ZB in 2015.

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Key Vendors of Network-as-a-service Market: Cisco Systems Inc., Juniper Networks, Inc., IBM Corp., NEC Corp., VMware, Aryaka Networks Inc., Alcatel Lucent, Brocade Communications Systems Inc., AT&T Inc., and Ciena Corporation.

Global Network-as-a-service Market: Taxonomy

On basis of component, the global network-as-a-service market is segmented into:

Infrastructure
Technology Services

On basis of service type, the global network-as-a-service market is segmented into:

LAN-as-a-service
WAN-as-a-service

On basis of application, the global network-as-a-service market is segmented into:

Bandwidth on Demand (BoD)
Network Function Virtualization (NFV)
Virtual Customer Premises Equipment (V-CPE)
Integrated network security-as-a-service

On basis of vertical, the global network-as-a-service market is segmented into:

Information Technology (IT) and Telecommunication
Banking Finance Services and Insurance (BFSI)
Manufacturing
Government
Healthcare
Transport and Logistics
Retail

On basis of region:

North America
Europe
Asia Pacific
Latin America
Middle East
Africa

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This release was published on openPR.