$21.7 Bn Global Network as a Service (NaaS) Market 2018-2019 - Global Forecast to 2023

DUBLIN, March 21, 2019 /PRNewswire/ -- The "Network as a Service Market by Type, Application (Sales & Marketing Management, Customer Experience Management, Competitive Intelligence, & Risk Management), Organization Size, Industry Vertical, Deployment Model, & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

Accelerated adoption of cloud services among enterprises to drive the global NaaS market

The global Network as a Service (NaaS) market size to grow from USD 4.3 billion in 2018 to USD 21.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 38.3% during the forecast period.

The key factors driving the NaaS market include accelerated adoption of cloud services among enterprises and an increase in the development of new data center infrastructures.

WiFi type to contribute the largest share during the forecast period

WiFi-as-a-Service (WaaS) is cloud-based wireless internet connectivity offered through on-demand subscription basis by various service providers. It comprises access points, WLAN controllers, wireless hotspot gateways, and among others. Cloud-based WiFi services are more powerful than maintaining the hardware equipment, hence organizations are increasingly moving toward WaaS as a primary means to connect with the world. WaaS can be availed through two types: high-density Wi-Fi and enterprise-class Wi-Fi.

Infrastructure service to hold the largest market size during the forecast period

The NaaS networking solution providers offer cloud-based infrastructure connectivity that includes various networking solutions, including virtual machine, servers, load balancers, network switches, memory, and storage. These services are offered by third parties to customers who do not want to invest in building their own networking infrastructure. Zero upfront costs, scalability, flexibility, and security are some of the benefits offered by this service. Infrastructure services are standardized, highly automated offering, where compute resources, storage, and networking capabilities are owned and managed by a service provider and offered to the users based on pay-as-you-go model.

Asia Pacific (APAC) to record the highest growth rate during the forecast period

Growing cloud adoption and vendor expansion are expected to drive the APAC NaaS market during the forecast period. The high rate of internet usage and increased adoption of smartphones in APAC facilitate companies to adopt advanced solutions and forge strong connections with a wide range of target audiences. In addition, APAC is witnessing an increasing demand for cloud-driven based network connectivity solutions, resulting in increasing investments and technological advancements across the retail and eCommerce industry vertical.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Market
4.2 Network as a Service Market: Market Share, By Region
4.3 Market, By Type
4.4 Market in Europe: Top 3 Applications and Countries

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Accelerated Adoption of Cloud Services Among Large and Small Enterprises
5.2.1.2 Increase in Development of New Data Center Infrastructures
5.2.1.3 Rise in SDN Integration With Existing Network Infrastructures
5.2.2 Restraints
5.2.2.1 Lack of Standardization in the Network as a Service Market Technology
5.2.3 Opportunities
5.2.3.1 Demand for SDN- and NFV-Based Solutions to Replace Traditional Approaches and Propel Market Growth
5.2.4 Challenges
5.2.4.1 Limited Bandwidth Providers and Lack of Access to High-Speed Internet
5.2.4.2 Data Security and Privacy Concerns
5.3 Industry Trends
5.3.1 Network as a Service Market: Regulations
5.3.1.1 Virtual Ethernet Port Aggregator (VEPA)
5.3.1.2 Virtual Extensible Local Area Network (VXLAN)
5.3.1.3 Transparent Interconnection of Lots of Links (TRILL)
5.3.1.4 Shortest Path Bridging (SPB)
5.3.1.5 Fiber Channel Over Ethernet (FCOE)
5.3.1.6 Network Virtualization Using Generic Routing Encapsulation (NVGRE)
5.3.1.7 Data Center Bridging (DCB)
5.3.1.8 Priority Flow Control (PFC) 802.1qbb
5.3.1.9 Bandwidth Management (802. 1qa Z)
5.3.1.10 Data Center Bridging Exchange (DCBX)
5.3.2 Market: Use Cases
5.3.2.1 Juniper Networks: Providing Greater Networking Agility
5.3.2.2 Aryaka: Gaining Faster Application Performance
5.4 Value Chain Analysis

6 Network as a Service Market, By Type
6.1 Introduction
6.2 LAN as A Service
6.2.1 WiFi as A Service
6.2.1.1 Digitalization of Businesses has Revolutionized WiFi as A Service
6.3 WAN as A Service
6.3.1 Intervention of SD-WAN to Increase the Adoption of WANaaS

7 Market, By Component
7.1 Introduction
7.2 Infrastructure Services
7.2.1 Increasing Digitalization to Boost the Growth of Infrastructure Services
7.3 Technology Services
7.3.1 Advanced Technologies, Including SDN and NFV, to Enhance the Growth of Market

8 Network as a Service Market, By Application
8.1 Introduction
8.2 Virtual Private Network
8.2.1 Need for Providing Private and Secure Access Over the Internet to Drive the Growth of Vpn
8.3 Wide Area Network
8.3.1 Intervention of SD-WAN to Revolutionize the WAN Ecosystem
8.4 Cloud-Based Services
8.4.1 Increasing Competition Among Cloud Service Providers to Enhance the Growth of Market
8.5 Bandwidth on Demand
8.5.1 On-Demand Services to Offer Flexible Bandwidth, Connectivity Times, and Location
8.6 Integrated Network Security As A Service
8.6.1 Easy Deployment of Integrated Network as A Service Minimizes Time to Market

9 Network as a Service Market, By Industry Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.2.1 Increasing Need for Real-Time Customer Service and Growth of Fintech to Drive Market Growth in the Vertical
9.3 Manufacturing and Automotive
9.3.1 Manufacturing Companies Adopting Network as A Service Tools to Understand and Identify Early Warning Signals
9.4 Retail and E-commerce
9.4.1 Increasing Adoption of Latest Technologies By Retail and E-commerce
9.5 Telecom and IT
9.5.1 Focus on Gaining Insights From Voluminous Content to Drive the Adoption of Network as A Service in the Vertical
9.6 Media and Entertainment
9.6.1 Increasing Need for Managing Data to Drive the Adoption of Market
9.7 Healthcare
9.7.1 Digital Revolution in Healthcare to Drive the Adoption of Market
9.8 Education
9.8.1 Focus on Saving Costs to Drive the Adoption of Market in the Vertical
9.9 Transportation and Logistics
9.9.1 Complexities Across Logistics and Supply Chain to Create the Need for Network as A Service
9.10 Government and Public Sector
9.10.1 Reengineered Traditional Models to Drive Network as A Service Adoption Among Government Organizations
9.11 Others

10 Network as a Service Market, By Region

11 Competitive Landscape
11.1 Microquadrant Overview
11.1.1 Visionaries
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.1.5 Strength of Product Portfolio Adopted By Major Players in the Network as a Service Market
11.1.6 Business Strategy Excellence Adopted By Major Players in the Market

12 Company Profiles

• AT&T
• Centurylink
• Cisco
• DXC Technology
• GTT Communications
• HPE
• IBM
• Juniper Networks
• Masergy
• Meta Networks
• NEC
• Oracle
• Synnex Corporation
• Telstra
• Verizon
• VMware

For more information about this report visit https://www.researchandmarkets.com/research/gm69nd/21_7_bn_global?w=5

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