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Global Network-as-a-Service Market, Top key players are Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, NEC Corporation, VMware Inc., Aryaka Networks, Inc., AT&T, Inc

02-15-2019 12:01 PM CET | Media & Telecommunications

Press release from: REPORTSANDMARKETS

Global Network-as-a-Service Market, Top key players are Cisco

Global Network as a Service Market is segmented on the basis of end user and region. On the basis of end user, global network as a service market can be segmented into IT & telecommunication, Manufacturing, Banking, Financial services, and Insurance (BFSI), Government, Healthcare, Transport & logistics, Retail and others. On the basis of region, global network as a service market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa. Among all end user segments, IT & telecommunication and Banking, Financial Services, and Insurance (BFSI) segments expected to dominates the market during the forecast period, due to increasing applications and continuous adaptation for cost effective IT infrastructure operations.

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The Network-as-a-Service (NaaS) is an outsourcing model for the virtual network services across the Internet. The dominant service providers offer necessary network hardware for the end users on the subscription basis, which is cost-effective and provides complete network solution.

Greater flexibility of the network over consumption, efficient network bandwidth, and positive impact on resource-centric processes such as trouble management, network monitoring, & provisioning and service-centric processes such as service configuration, selling, & activation are some of the salient features of the NaaS. However, dependability on the vendor for total network solution and downtime of network limit the adoption of the NaaS.

Some of the key players operating in this market include Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, NEC Corporation, VMware Inc., Aryaka Networks, Inc., AT&T, Inc., Alcatel Lucent S.A, Brocade Communication Systems, Inc, and Ciena Corporation is also provided in this report

The network as a service market has witnessed significant expansion over the last few years and is further expected to expand, due to the increasing usage of bandwidth on demand (BoD), software-defined networking (SDN), and network function virtualization (NFV) technologies. Lower costs with pooled wide area network (WAN) are expected to provide growth opportunity for the network as a service market. Among all network as a service technologies, network virtual function is expected to expand at a rapid pace due to its advanced approach of releasing the data from a control plane, instead of traditionally distributed control planes.

Deployment of network as a service comprises of cloud and on premises. High operational and maintenance costs are incurred by users when network as a service is installed on premises. While, cloud deployment solutions allow enterprises to focus on their core competencies and strategic goals. Network as a service is expected to find increasing acceptance due to security, ease of use, cost effectiveness, and compliance with standards.

North America is expected to drive the network as a service market due to considerable research and development in technology related to network expansion, and technological maturity of data center and network infrastructure in the region. Moreover, the massive size and expansion of private and industrial sectors in the region are likely to boost the market. Europe has profited primarily due to the extensive initiatives taken by the government.

The market in Asia Pacific is expected to expand prominently by 2020. Development activities in emerging markets of China and India, with IT services and systems requirement, are major reasons fueling the market in the region. Factors such as wide broadband penetration and the emergence of local players in the networking market are further expected to offer growth opportunities in the region. Government initiatives for motivating vendors & startups to venture into network as a service market are also likely to boost the market and increase consumer adoption.

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About Us:

Market research is the new buzzword in the market, which helps in understanding the market potential of any product in the market. Reports And Markets is not just another company in this domain but is a part of a veteran group called Algoro Research Consultants Pvt. Ltd. It offers premium progressive statistical surveying, market research reports, analysis & forecast data for a wide range of sectors both for the government and private agencies all across the world.

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Manager - Partner Relations & International Marketing
www.reportsandmarkets.com
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