The report “Network as a Service (NaaS) Market Size,
Industry Outlook, Regional Analysis (U.S., Germany, UK, Italy, Russia, China,
India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa),
Application Development & Forecast, 2016 – 2024”,
is
driven by Increasing need for pay-per-use business model.
The recent advancements
in technology have led to abundance of applications in numerous segments and global
usage of wireless services has provided solutions for the reduced cost for
deployment for management and asset tracking management.
The enterprises are
inclining towards one of the emerging trends in network as a service market
called Network Functions Virtualization (NFV) as per the observation made among
various telecom service providers. This network framework will virtualize
various network functions such as load balancers, firewalls, and intrusion
detection devices and will help the telecom service providers to achieve low
CAPEX, scalability and smooth service deployments. An increasing number of IT
companies partnering with pure-play NaaS vendors who provide NFV benefits will
augment network as a service market size.
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an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1218
Bandwidth on Demand (BoD) has created a vibrant scope
for the stakeholders and for the marketers in the network as a service market.
The main benefit of BoD is that the enterprises can purchase it from their
respective Internet service Providers (ISPs) at a comparatively lesser price,
instead of giving a higher price to another ISP for leasing a fixed bandwidth.
With the help of BoD, the Network Bandwidth can be scaled by the organization
to aid the cloud applications, therefore it is very scalable. BoD makes sure
that it is ready to use for the end user disposal, that is why it works in the
background. It also takes care of a robust privacy feature while the cloud is
used, over the network.
The IT and telecom users are speedily using several
cloud and networking technologies, which vary from just checking emails to
handling the vast data of the enterprise which is placed on the cloud. A huge
amount of data is therefore generated by the growing usage of IT and
telecommunication. The need for cloud platform among the organizations is
increasing tremendously since cloud has become an economic platform for
application of various resources. In this case, the network providers offer
their major network resources to the third parties based on commercial
applications. These resources include data and communication & intelligence
as well.
Network virtualization has considerable benefits such
as less time, effort and expenditure on the hardware, a reduced amount of need
for hardcore technical skills, improved privacy alternatives, enhanced recovery
systems in case of system failure.
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Challenges like privacy concerns and data security
will hamper the network as a service market growth. Data security and privacy
concerns denote the persistent areas of focus for the businesses and
organizations because of the critical and confidential business data. Storing
important files and the data with high confidentiality on services provided by
the external service operators poses a lot of risk. Even though cloud service
providers offer the industry certifications and the best security standards,
the business data is exposed to the service provider with the usage of
cloud-supported technologies, due to which fresh security challenges arise.
Based on end user, the network as a service market can
be segmented into IT & telecommunication, Manufacturing, government,
healthcare, banking, financial services, and insurance (BFSI), retail, and
transport & logistics. The IT and telecom vertical is anticipated to grow
at a tremendous rate in the network as a service market. The extensive
applications of cloud computing services are influencing the adoption of
cloud-supporting networking services that provide the end-users with the
network resources whenever needed. The growing urge to improve the
cross-channel customer experience will drive various telecom service providers
to increase their expenses on information technologies; thereby enhancing the
growth of this sector in the forecast timespan.
APAC network as a service market is forecast to
exhibit the highest growth rate by 2024. The key driver which is influencing
the growth of this region is the technological enhancements in the emerging
economies like China and India which require proficient IT systems and
services. Factors like extensive
broadband penetration and the emergence of competitors will infuse the growth
prospects in this region in the upcoming years.
Vendors in the network as a service market are Cisco,
IBM, Juniper Networks, VMware, Fatpipe Networks, CloudGenix, Silver Peak
Systems, Akamai Technologies, etc.
About Global Market
Insights
Global Market Insights, Inc., headquartered in
Delaware, U.S., is a global market research and consulting service provider; offering
syndicated and custom research reports along with growth consulting services.
Our business intelligence and industry research reports offer clients with
penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
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Global Market
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