The report forecasts the network-as-a-service market to grow at a CAGR of 35.76% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Increasing adoption of software-defined networking will aid in market growth during the forecast period. SDN is a strong network paradigm designed to cater to overarching issues such as the increasing demand for network speed, scalability, and resilience. It is a network architecture where software, such as applications, content, and services, that are stored or executed in data centers, interacts directly and dynamically with network infrastructure.
According to the report, shift from CAPEX to OPEX model will spur market growth until the end of 2020. Industries worldwide are shifting from the CAPEX to the OPEX model to harvest cost efficiencies. This shift has boosted the adoption of cloud-based networking services. NaaS provides on-demand network services with pay-per-use pricing model, wherein clients pay only for the resources used.
Further, the report states that challenges like data security and privacy concerns will hinder market growth. The use of cloud-powered technologies exposes business data to the service provider, which opens up fresh security challenges.
- Juniper Networks
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information visit http://www.researchandmarkets.com/research/xwrvgn/global_network_as
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-network-as-a-service-market-to-grow-3576-by-2020---increasing-adoption-of-software-defined-networking---research-and-markets-300296445.html
SOURCE Research and Markets