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The Global Network as a Service Market size is expected to attain a market size of $13.5 billion by 2022, rising at a CAGR of 46.6% during the forecast period.
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. The widespread adoption of NaaS technology would have a significant influence on the cloud and IoT technologies.
With technological advancements, various applications in numerous other industries will adopt the NaaS technology. 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 Region, Network as a Service market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. North America remained the dominant region in the global Network as a Service market in 2015. Asia-Pacific would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders 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.