Press release
Network as a Service (NaaS) Market to See Huge Growth by 2031: Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, NEC Corporation
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Market Segmentation
The Network as a service market is segmented by type, application, end-use and region. By type, the market is divided into local area network And wireless local area network, wide area network, communication and collaboration and network security. By application, the market is classified into virtual private network, cloud and SaaS connectivity, bandwidth on demand, multi-branch connectivity and others. Based on end-use the market is divided into BFSI, healthcare, education and others. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world .
Key Players
The Key players in the Network as a Service market are 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.
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Key Trends
The key trends in Network as a Service technology are:
1. Increased Flexibility: Network as a Service provides organizations with increased flexibility when it comes to configuring and managing their network infrastructure. This includes the ability to dynamically scale network resources up or down as needed and to quickly adapt to changes in network traffic patterns.
2. Improved Efficiency: Network as a Service can help organizations improve their overall network efficiency by reducing the need for dedicated hardware and network management staff. By consolidating network resources into a single, cloud-based platform, organizations can reduce both their upfront capital costs and their ongoing operational expenses.
3. Enhanced Security: Network as a Service can provide organizations with enhanced security features and capabilities, such as built-in firewalls and intrusion detection/prevention systems. By outsourcing the management of their network infrastructure to a third-party provider, organizations can also benefit from the provider's expertise in designing and implementing robust security solutions.
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