The latest report on Network as a Service Market by Infinium Global Research gives complete coverage of the Network as a Service Market by type (cloud-based services, wide area network), organization size (small, medium, large enterprises), industry vertical (healthcare, BFSI, IT & telecom, manufacturing) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Network as a Service such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Network as a Service Provides Services for the Network Transport Connectivity
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.
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The Rising Awareness about the Economic Benefits of the Network as Service (Naas) due to the Reduced Operational and Capital Expenditure
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.
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- Comprehensive analysis of global as well as regional markets of the Network as a Service.
- Complete coverage of all the product type and applications 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.