What’s Driving the Network As A Service Market Trends? | Key Companies Aerohive Networks, Akamai Technologies, Alcatel-Lucent Enterprise, Aryaka Networks, Broadcom Inc., CenturyLink, Ciena, Citrix, Cradlepoint, Extreme Networks, Rackspace

The Network as a Service market is projected to surpass USD 50 billion by 2025. The major market drivers are the increasing demand for cost-effective networking solutions, adoption of cloud-based networking technologies, increase in broadband penetration, and investments in next-generation 5G network commercialization. Network virtualization is helping companies to reduce their capital and operating expenditure required for maintaining & managing physical infrastructure. Various government regulations regarding data privacy and data security are also fueling market growth.

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Business models like network as a service promise the much needed efficiency, through an on-demand provisioning model. Companies can act more cost-consciously with on-demand purchasing as they need to pay for only for the networking services they need. NaaS helps businesses that want demand provisioning flexibility without requiring to rearchitect networks from the ground up.

The key players covered in network as a service market study: -
• Aerohive Networks
• Akamai Technologies
• Alcatel-Lucent Enterprise
• Amazon Web Services (AWS)
• Aryaka Networks
• AT&T
• Broadcom Inc.
• CenturyLink
• Ciena
• Cisco
• Citrix
• Cradlepoint
• Extreme Networks
• IBM
• Juniper Networks
• NEC Corporation
• Rackspace
• Silver Peak
• Verizon
• VMware

Some Points From Table Of Content: -
Chapter 3. Network As A Service Market Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2014 – 2025
3.4. NaaS ecosystem analysis
3.5. NaaS architecture
3.6. NaaS technology evolution
3.7. Technology & innovation landscape
3.7.1. Network virtualziation technologies
3.7.2. 5G
3.8. Regulatory landscape
3.8.1. TM Forum Open API Project
3.8.2. The National Institute of Standards and Technology (NIST), U.S.
3.8.3. The European Telecommunication Standards Institute (ETSI) ISG NFV
3.8.4. IEEE SDN/NFV Standardization
3.8.5. The Open Compute Project and OPNFV
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. Migration towards cloud computing platforms
3.9.1.2. Growing trend of pay-per-use pricing model
3.9.1.3. Huge cost savings for enterprises
3.9.1.4. Uptake of cloud-enabled network virtualization platforms
3.9.1.5. Growing adoption of SDN by Small and Medium Enterprises (SMEs)

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The demand for Software Defined Networking (SDN) services is another factor driving network as a service market growth. SDN solutions enable enterprises with a centralized view of the entire network to centrally manage & control network operations. The optimization of network infrastructure hardware with SDN technology is helping enterprises in reducing network-related expenditure. The increase in the demand for SD-WAN solutions for connecting the WAN from multiple sites together is aiding network as a service market growth. SD-WAN technology delivers agility & flexibility to enterprises by removing the burden of traffic management from physical network devices and transferring it to the software.

The Asia Pacific network as a service market is expected to witness the fastest growth rate of over 40% during the forecast timeline. The increase in the demand for virtualization to reduce the cost and complexities of the physical network infrastructure will support network as a service market growth. The global network solution providers are deploying the virtualization network in the region to tap the growing market. For instance, in July 2018, VMware launched a new Virtual Cloud Network in Malaysia to accelerate digital adoption in the country.

With digital transformation, each and every aspect of all businesses have become highly competitive. This, however, is not an easy feat in an environment where technology seems to be changing daily. More often than not, all businesses cannot afford to jump on to the bandwagon mostly due to cost challenges. With network as a service however, businesses of all sizes can afford become more flexible and scalable and remain competitive by taking a risk of upgrading, as the service can be easily cancelled if the business decides against its requirement. Endowed with such a unique offering as making technology accessible, affordable and flexible, network as a service market is poised to witness explosive expansion over 2019-2025.

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