Europe Network-as-a-Service Market By Component ( Infrastructure, Technology Services), Application (Network Function Virtualization, V-CPE, Bandwidth on Demand, Integrated), Type (LAN Based, WAN Based), Vertical (BFSI, Telecom & IT, Retail & Operations & IT Utilities, Manufacturing, Transportation & Logistics, Healthcare & Life Sciences)
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The Europe Network-as-a-Service Market Size would grow at a growth rate of 45.4% CAGR during the forecast period (2016 - 2022).
Network-as-a-service (NaaS) is a model that is used to deliver network services virtually over the Internet. The services can be availed either on pay-per-use or monthly subscription basis. The service is seamless as all that is needed is to create an information technology (IT) network on one computer, Internet connection and finally, access to the provider's NaaS portal. New businesses can take advantage of the concept, as it would not require too much investment. There would be barely any need for sophisticated hardware and software; therefore, the need for expert technical staff doesn't arise.
As the network is virtual, all its complexities are hidden managed externally. Healthcare service providers have been investing in the cloud-based solutions, such as wireless communication solutions, to offer superior quality services to the end users. Wireless solutions and services significantly improve operational efficiency. Hospitals have geared up to adopting NaaS methods such as NFV solutions to create positive output and as a result, have better revenue margins.
Based on the component, the Network as a Service market is segmented into Infrastructure and Technology Services. Based on Application, the market is segmented into Network Function Virtualization, V-CPE, Bandwidth on Demand, and Integrated Network as a Service. Based on Type, the market is segmented into LAN Based and WAN Based. Based on Vertical, the market is segmented into BSFI, Telecom & IT, Retail, Manufacturing, Transportation & Logistics, Healthcare & Life Sciences, Others. Based on Country, Network as a Service market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe.
Germany remained the dominant country in the Europe Network as a Service market in 2015. Russia and France would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stakeholders of the Network as a Service market. Key companies profiled in the report include Juniper Networks, Inc., AT&T Inc., IBM Corporation, NEC Corporation, Cisco Systems, Inc., Ciena Corporation, Brocade Communication and VMware, Inc.