Global Network As A Service Market Is Anticipated To Reach Around USD 18.02 Billion By 2025

01-Oct-2019 | Zion Market Research

Zion Market Research has published a new report titled “Network As A Service Market By Component (Hardware and Software), By Professional (Consulting Support Services, Training Support Services, Maintenance Support Services, Customer/Public Portal Services, Regulation & Compliance Services, and Others), By Application (Cloud-Based Storage, Cloud Backup & Recovery, Cloud Security & Data Privacy, Web-Based Application, and High-Performance Computation & Analytics), and By Vertical (BFSI, Gaming, Government, Telecom & IT, Healthcare, Academia & Education, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global network as a service market was USD 3.42 billion in 2018 and is expected to reach around USD 18.02 billion by 2025, at a CAGR approximately 26.82% between 2019 and 2025.

NaaS is a sale of network services from a third-party to those who do not want to build their own networking infrastructure.

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The network as a service market will grow in the future, owing to the rising use of cloud computing technology by small- and medium-sized enterprises, which are gradually moving their workloads to the cloud. The increase in data, which is being generated via various digital platforms, along with the rising trend for employee mobility has put immense pressure on the enterprise network. Therefore, enterprises are shifting to the cloud, as it will help in hosting an extensive range of business applications. Cloud-based network as a service helps in deploying applications augmented by numerous network functions, such as service differentiation, virtual firewalls, and virtual routers. The network as a service market growth is also supported by the widespread acceptance of network virtualization technologies, such as network functions virtualization and software-defined networking. This will provide a platform for NaaS and allow enterprises to sell their network services to customers on a subscription basis. The rising necessity of low-latency along with high-performance infrastructure, redundancy and data security, shared cost model are stimulating the cloud computing market globally, thus propelling the network as a service market. However, the sluggish adoption of cloud technology owing to security-related issues in organizations using cloud technology may restrain the network as a service market.

Browse the full “Network As A Service Market By Component (Hardware and Software), By Professional (Consulting Support Services, Training Support Services, Maintenance Support Services, Customer/Public Portal Services, Regulation & Compliance Services, and Others), By Application (Cloud-Based Storage, Cloud Backup & Recovery, Cloud Security & Data Privacy, Web-Based Application, and High-Performance Computation & Analytics), and By Vertical (BFSI, Gaming, Government, Telecom & IT, Healthcare, Academia & Education, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/network-as-a-service-market

Global Network As A Service Market

The vertical segment of the network as a service market is categorized into academia and education, gaming, BFSI, telecom and IT, government, healthcare, and others. The telecom and IT segment is anticipated to witness rapid growth in the upcoming years. Gaming is expected to hold a substantial share in the market, owing to the increasing demand for gaming and saving the content on the cloud. Rising R&D in games along with the launch of better and enhanced games with improved graphics are further anticipated to propel this segment’s growth.

North America is anticipated to lead the network as a service market globally, owing to the extensive research and development in technology regarding the expansion of the network. Moreover, owing to the presence of developed counties in the region, the demand for the network as a service will experience boost along with the rising service demand by industrial and private sectors.

Some key players of the network as a service market are Akamai, Aerohive, Amazon Web Services, ALE, AT&T, Aryaka, Ciena, Brocade, Citrix, and Cisco.

This report segment the global network as a service market into:

Global Network As A Service Market: Component Analysis

  • Hardware
  • Server
  • Storage Components
  • Networking Peripherals
  • Software
  • Applications
  • Collaboration Tools
  • Dashboards
  • Business Intelligence

Global Network As A Service Market: Professional Analysis

  • Consulting Support Services
  • Training Support Services
  • Maintenance Support Services
  • Customer/Public Portal Services
  • Regulation and Compliance Services
  • Others

Global Network As A Service Market: Application Analysis

  • Cloud-Based Storage
  • Cloud Backup and Recovery
  • Cloud Security and Data Privacy
  • Web-Based Applications
  • High-Performance Computation (HPC) and Analytics

Global Network As A Service Market: Vertical Analysis

  • BFSI
  • Gaming
  • Government
  • Telecom and IT
  • Healthcare
  • Academia and Education
  • Others

Global Network As A Service Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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