Network-as-a-service Market Revenue opportunities by key players like 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

Coherent Market Insights has announced the addition of the “Global Network-as-a-service Market Size Status and Forecast 2026”, The report classifies the global Network-as-a-service Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

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.

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ncreasing 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.

Global Network-as-a-service Market: Competitive Background

Kay players in the network-as-a-service ecosystem comprises solutions and service providers, such as 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.

Information Technology (IT) and telecommunication segment is expected to account for the largest market share over the forecast period

IT and telecommunication segment is expected to be dominant in the market over the forecast period, due to increasing deployment of cloud computing services. Therefore, increasing cloud computing services is driving adoption of cloud-based networking services, which offer the end-users on-demand network resources. The IT and telecom end-users are rapidly using networking and cloud technologies, which vary from checking of emails to managing the large volume of business data on the cloud. For instance, according to the Coherent Market Insights’ analysis, the in 2011 the cloud application adopted by the telecom sector is 6.18% and by 2014 it is reached to 17.96%. Therefore, increasing adoption of cloud computing by the telecom sector will positively impact on fuelling the growth of network as a services market.

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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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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.