According to
new market research report "Network-as-a-Service
Market by
Component, Application (Bandwidth on Demand (BoD), Network Function
Virtualization (NFV), V-CPE, Integrated Network Security as a Services), Type,
Vertical, and Region - Global Forecast to 2021", The
global Network-as-a-Service (NaaS) market is expected to grow from USD 1.33
Billion in 2016 to USD 9.65 Billion by 2021, at a Compound Annual Growth Rate
(CAGR) of 48.4%.
Browse and
in-depth TOC on “Network As a Service Market”
41
- Tables
63
- Figures
122
- Pages
"Network-as-a-Service
Market by Component, Application (Bandwidth on Demand (BoD), Network Function
Virtualization (NFV), V-CPE, Integrated Network Security as a Services), Type,
Vertical, and Region - Global Forecast to 2021"Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=94208411
This market
is driven by factors, such as software-defined paradigm shift across the whole
IT industry. Moreover,
technological advancements have led to increased applications in numerous
sectors and global deployment of wireless services have created promising
ubiquitous connectivity as well as cost benefits from deploying solutions for
asset tracking and management.
Bandwidth on-Demand (BoD) has created vibrant prospects for
marketers and other stakeholders in the market
The main
advantage of BoD is that, enterprises can buy BoD from their respective ISPs at
a comparatively lower price, rather than leasing a fixed bandwidth from another
ISP for a higher price. BoD can be very scalable, as enterprises are able to
scale the network bandwidth to aid cloud applications. BoD functions in
the background, making sure it is always ready for end-user disposal. It also
provides a strong security feature over the network, when the cloud is being
accessed.
The Information Technology (IT) and telecom vertical is projected
to showcase a robust growth in the NaaS market
End-users of
the IT and telecom vertical are rapidly using various networking and cloud
technologies, which vary from simply checking emails to managing huge amount of
enterprise data placed on the cloud. The rapid use of IT and telecommunication,
therefore generates a huge amount of data. With cloud becoming an economic
platform for utilization of various resources, the demand for cloud platform
among enterprises is rapidly increasing. In the case of NaaS model, network
operators offer their key network resources, such as data and communication, as
well as, intelligence to third parties on a commercial basis.
The growing demand to optimize supply chain and the governments’
efforts to standardize the NaaS technology creates remarkable potential in the
APAC market
The APAC
region is expected to experience extensive growth opportunities in the next few
years. The existence of a large working population and developing technology
hubs have expanded the competitive environment in the region. Not only are
China, Japan, and India putting in efforts to deploy various NaaS technologies.
These developments, clubbed with a growing demand from a massive and growing
population, certifies a tremendous growth potential for the NaaS market in the
region.
The key NaaS
vendors and service providers profiled in the report include - Cisco Systems,
Juniper Networks, and IBM. The key innovator showcased in the study includes
Mushroom Networks Inc.
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