Edison, NJ -- (SBWire) -- 03/15/2019 --Network as a Service is defined as a virtual networking business model and is currently used to integrate cloud computing services with the cloud networking framework. In fact, you can use the 'pay as you' service or subscription model as the model used to deliver network services. Network as a Service is also known as an on-demand network provider for all businesses. The adoption of cloud technology for data storage and the introduction of Big Data analysis is contributing to network growth in the service market. The rapid growth of IoT technology also supports the growth of the Network as a Service market.
Global Network as a Service (NaaS) market is expected to grow from US ~$35.3 Billion in 2017 to US ~$ 126.8 Billion by 2023, at an estimated CAGR of 28.4%. The factors such as lack of proper infrastructure for implementation of NaaS in developing and under developed economics and high installation cost are some of the constraints for the growth of this market. Whereas, inclination of towards cloud technology by various small and medium size business units and continuous advancement in IoT technologies are some opportunities for the growth of this market.
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Major Key Players in This Report Include,
Cisco systems (United States), Juniper Networks (United States), IBM Corp. (United States), NEC Corp. (Japan), VMware (United States), Aryaka Networks Inc. (United States), Alcatel Lucent (United States), Brocade Communications Systems Inc. (United States), AT&T(United States)
The study covers a detailed analysis segmented by key business segments i.e. by type (LAN as a Service and WAN as a Service), by application (Bandwidth on Demand, Network Function Virtualization, V-CPE and Integrated Network Security as a Service) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Network as a Service market throughout the predicted period.
The market study is being classified by Type (LAN as a Service, WAN as a Service), Application (Bandwidth on Demand, Network Function Virtualization, V-CPE, Integrated Network Security as a Service), Vertical (Transportation and Logistics, IT and Telecom, Manufacturing, Retail, Banking), Component (Infrastructure, Technology Service) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
The research methodology used to estimate and forecast the Network as a Service Market began with capturing data from the key vendors' revenue and market size of the individual segments through secondary sources, industry associations, and trade journals, such as the World Analytics Association and the Cloud Native Computing Foundation. The bottom-up procedure was employed to arrive at the overall market size of the market from the individual segments. After arriving at the overall market size, the total market was split into several segments and sub segments, which were then verified through primary research by conducting extensive interviews with the key industry personnel, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub segments.
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Strategic Points Covered in Table of Content of Network as a Service Market:
1. Market Overview
1.1. Introduction
1.2. Scope/Objective of the Study
1.2.1. Research Objective
2. Executive Summary
2.1. Introduction
3. Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.2.1. Faster adoption of cloud services among various enterprises
3.2.2. Software-defined pattern shift across the whole IT industry
3.2.3. Service providers getting away from the low margin commodity services to value-added services
3.3. Market Challenges
3.3.1. Absence of situational awareness & understanding among the stakeholders
4. Market Factor Analysis
4.1. Porters Five Forces
4.2. Supply/Value Chain
4.3. PESTEL analysis
4.4. Market Entropy
4.5. Patent/Trademark Analysis
5. Global Network as a Service, by Type, Application, Vertical, Component and Region (value) (2013-2018)
Finally, Network as a Service Market is a valuable source of guidance for individuals and companies.
Data Sources & Methodology
The primary sources involves the industry experts from the Network as a Service Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.
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Network as a Service Market- Increasing Demand with Industry Professionals: Cisco Systems, Juniper Networks, IBM, NEC, VMware, Aryaka Networks
Network as a Service Comprehensive Study by Type (LAN as a Service, WAN as a Service), Application (Bandwidth on Demand, Network Function Virtualization, V-CPE, Integrated Network Security as a Service), Vertical (Transportation and Logistics, IT and Telecom, Manufacturing, Retail, Banking), Component (Infrastructure, Technology Service) Players and Region - Global Market Outlook to 2023