What are the Major Factors that will Drive Network as a Service Market Trends?

The large enterprise segment is expected to dominate the Network as a Service market by 2025 with a share of over 55%. The large enterprises are shifting toward the virtual network infrastructure to optimize the expenditure associated with managing & maintaining the physical infrastructure. NaaS enables enterprises to use their network with greater flexibility, dynamism, and agility. The on-demand provisioning of computational resources according to the pay-per-use model provides momentum to large enterprises to adopt NaaS solutions. The other factors driving the adoption of NaaS in large enterprises are increased levels of uptime, enhanced security, improved Quality of Service (QoS), maximized performance, and optimized systems.

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 Network as a Service industry growth.

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The major players operating in the Network as a Service market -
1. Aerohive Networks
2. Akamai Technologies
3. Alcatel-Lucent Enterprise
4. Amazon Web Services (AWS)
5. Aryaka Networks
6. AT&T
7. Broadcom Inc.
8. CenturyLink
9. Ciena
10. Cisco
11. Citrix
12. Cradlepoint
13. Extreme Networks
14. IBM
15. Juniper Networks
16. NEC Corporation
17. Rackspace
18. Silver Peak
19. Verizon
20. VMware

Major Key Points from Table of Content:

Chapter 4. Competitive Landscape
4.1. Introduction
4.2. Company market share analysis, 2018
4.3. Competive analysis of major NaaS players, 2018
4.3.1. Amazon Web Services, Inc.
4.3.2. Aryaka Networks, Inc
4.3.3. Cisco Systems Inc.
4.3.4. VMware Inc.
4.4. Competive analysis of other promionent players, 2018
4.4.1. AT&T Inc.
4.4.2. Citrix Systems, Inc.
4.4.3. Extreme Networks Inc.
4.4.4. Juniper Networks, Inc.

Chapter 5. Network as a Service market, By Type
5.1. Key trends, by type
5.2. LAN as a service
5.2.1. Market estimates and forecast, 2014 – 2025
5.3. WAN as a service
5.3.1. Market estimates and forecast, 2014 – 2025
5.4. Bandwidth on Demand (BoD)
5.4.1. Market estimates and forecast, 2014 – 2025
5.5. VPN as a service
5.5.1. Market estimates and forecast, 2014 – 2025
5.6. Managed services
5.6.1. Market estimates and forecast, 2014 – 2025

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 NaaS 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 IT & telecom segment is expected to hold the market share of over 25% in 2025. Telecom companies are replacing their network hardware with SDN and NFV to build a centralized network infrastructure. The centralized network infrastructure enables telecom companies to centrally manage & control all networking operations from a single location. The operational cost-effectiveness of SDN technology enables telecom companies to shift toward NaaS over their traditional network infrastructure. The enterprises are emphasizing on outsourcing network & cyber-security solutions to focus on their core competencies to cope up with the increasing market competition.

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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.

This expansion helped the company to deliver solutions, enabling businesses to create an end-to-end software-based network architecture that can deliver services to applications and data regardless of their location. The stringent government policies regarding data protection & cybersecurity in countries including Japan, Australia, and Singapore are helping enterprises in the quick deployment of the cloud-based network infrastructure. For instance, in July 2018, Japan and the European Union agreed to recognize each other’s data protection regulations for providing adequate protection of the personal data.

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