Network as a Service Market Growth By Top Key Players: Cisco, IBM, Juniper Networks, VMware, Fatpipe Networks, CloudGenix, Silver Peak Systems, Akamai Technologies

Market Overview: -

(NaaS) Network as a Service Market growth drivers are Cloud computing, advent of network virtualization, Software Defined Networking (SDN), expanding demand for global connectivity, software-defined standard shift across the whole IT industry and growing awareness among the organizations about the monetary benefits. Increasing need for pay-per-use business model is also a key growth driver. The recent advancements in technology have led to abundance of applications in numerous segments and global usage of wireless services has provided solutions for the reduced cost for deployment for management and asset tracking management.

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Top Key Players: -

Vendors in the network as a service market are Cisco, IBM, Juniper Networks, VMware, Fatpipe Networks, CloudGenix, Silver Peak Systems, Akamai Technologies, etc.

Market share calculation in this report is not done based on companies covered in it. The calculation of Network as a Service (NaaS) Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

APAC network as a service market is forecast to exhibit the highest growth rate by 2024. The key driver which is influencing the growth of this region is the technological enhancements in the emerging economies like China and India which require proficient IT systems and services.

Factors like extensive broadband penetration and the emergence of competitors will infuse the growth prospects in this region in the upcoming years.

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Bandwidth on Demand (BoD) has created a vibrant scope for the stakeholders and for the marketers in the network as a service market. The main benefit of BoD is that the enterprises can purchase it from their respective Internet service Providers (ISPs) at a comparatively lesser price, instead of giving a higher price to another ISP for leasing a fixed bandwidth. With the help of BoD, the Network Bandwidth can be scaled by the organization to aid the cloud applications, therefore it is very scalable. BoD makes sure that it is ready to use for the end user disposal, that is why it works in the background. It also takes care of a robust privacy feature while the cloud is used, over the network.

The IT and telecom users are speedily using several cloud and networking technologies, which vary from just checking emails to handling the vast data of the enterprise which is placed on the cloud. A huge amount of data is therefore generated by the growing usage of IT and telecommunication. The need for cloud platform among the organizations is increasing tremendously since cloud has become an economic platform for application of various resources. In this case, the network providers offer their major network resources to the third parties based on commercial applications. These resources include data and communication & intelligence as well.

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