Key Challenge : Network as a Service Market Globally Grow at a CAGR of 35.76% by 2020

Albany, New York, July 4, 2017 : Recent research and the current scenario as well as future market potential of "Global Network as a Service Market 2016-2020" globally.

NaaS is a virtual networking business model that refers to the delivery of networking resources, services, and applications over the Internet. Clients include individual businesses and enterprises that compensate the service provider on a pay-per-use basis. NaaS (or cloud-based electronic networking) has emerged as a new way to build cost-effective, dynamic, and flexible business networks that addresses the challenges of a rapidly evolving enterprise IT landscape. Cloud-based networking systems have moved traditional network functions and services (such as connectivity, management and control, security, and other network service functions) into the cloud based on network virtualization principles. This technology eliminates the need for capital investment (on the part of clients) to purchase network infrastructure. NaaS offers on-demand network services based on business requirements and helps in optimal bandwidth utilization with minimal downtime. The technology offers many of the benefits of other cloud-based IT services, such as rapid deployment, built-in scalability, no upfront costs, easy administration, and improved accessibility and mobility.

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Technavios analysts forecast the network-as-a-service market to grow at a CAGR of 35.76% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global network-as-a-service marke for 2016-2020. To calculate the market size, the report considers the revenue generated from cloud WAN services, such as business-class Internet, WAN optimization, security, and application policy control.

The market is divided into the following segments based on geography:
Americas
APAC
Europe

Technavio's report, Global Network-as-a-service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Cisco
IBM
Juniper Networks
VMware

Other prominent vendors
Aerohive Networks
Akamai Technologies
Aryaka Networks
CloudGenix
Fatpipe Networks
HP
Intellipath
Netcraftsmen
Pertino
Silver Peak Systems
Talari Networks
VeloCloud
Viptela

Market driver
Shift from CAPEX to OPEX model
For a full, detailed list, view our report

Market challenge
Data security and privacy concerns
For a full, detailed list, view our report

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Market trend
Increasing adoption of software-defined networking
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.