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The latest report on “Network as a Service Market (Type – Local Area Network, Cloud-based Services, Wide Area Network, Bandwidth on Demand, VPN as a Service, and Managed Services; Organization Size – Small and Medium Enterprises, and Large Enterprises; Industry Vertical – Healthcare, BFSI, IT & Telecom, Manufacturing, Government and Public Sector, Retail and E-commerce, and Other Industry Vertical): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global network as a service market is projected to grow at a CAGR of 37.1% over the forecast period of 2019-2025.

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Network as a service provides services for the network transport connectivity. It especially inducing new business owing to fewer capital expenses required for the network hardware. IT staff manage the organization’s network through a portal rather than through the patchwork of network management tools and stacks of hardware. The technologies that are going to change networking such as Wi-Fi 6, 5G, SD-WAN. It includes networking resources, services, and applications as a product that can be purchased for a number of users, usually on a subscription basis. Virtualization enables the capability to share, market, or sell just about any the platform, whether it’s cloud infrastructure, networking, or business application.

The growing adoption of cloud-based services in a small and large enterprise is propelling the network as a service market. The increasing adoption of network virtualization technologies such as Software Defined Networking (SDN) and Network Functions Virtualization (NFV) is the factor impelling for the same market. The rising trend of the pay-per-use pricing model which in turn drives the growth of the market. Likewise, the rising awareness about the economic benefits of the Network as service (Naas) due to the reduced operational and capital expenditure contributes to the growth of the market.

However, data security and privacy concerns are the major factors hampering the network as a service market. Moreover, the demand for software-defined networking offers favorable opportunities in the network as a service market. Developing standards for network interoperability and portability are the challenges in the network as a service market.

Geographically, in 2018, North America held a dominant market share due to the early adoption of advanced technology solutions and conspicuous initiatives are taken by industry players through partnerships are the factors boosting the network as a service market. In addition, North America regions such as the U.S and Canada are perceiving increasing the adoption of advanced technologies such as LAN, WAN, and Wi-Fi. Asia Pacific is expected to grow at the highest CAGR in the forecast period owing to the increasing adoption of the cloud services in sectors such as telecom, and banking.

Segment Covered

The report on the global network as a service market covers segments such as type, organization size, and industry vertical. On the basis of type, the sub-markets include local area network, cloud-based services, wide area network, bandwidth on demand, VPN as a service, and managed services. On the basis of organization size, the sub-markets include small and medium enterprises and large enterprises. On the basis of industry vertical, the sub-markets include healthcare, BFSI, IT & telecom, manufacturing, government and public sector, retail and e-commerce, and other industry vertical.

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Companies Profiled:

The report provides profiles of the companies in the market such as Amazon Web Services, Inc., Broadcom Ltd., Cisco Systems Inc., IBM Corporation, NEC Corporation, Verizon Communications Inc., Juniper Networks, Inc., VMware Inc., Synnex Corporation, AT&T Inc., and other companies.

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the network as a service.

=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.  

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.