Network-as-a-service Market

Analysis of Network-as-a-service Market
- Global Industry Insights, Trends,
Adoption of cloud computing services and network virtualization has led to significant
increase in data collected on various digital and social platforms. In cloud computing,
the NaaS benefits in providing scalable, pluggable, and API (Application Programmer
Interface) driven network management, where the users can deploy and manage their
networks virtually. NaaS offers a networking framework that outspreads the cloud
computing’s on-demand and self-service provisioning model to the network service
provider. Therefore, increasing deployment of cloud computing positively impacts
growth of the market. For instance, according to Coherent Market Insights’ analysis, in
2015 the annual spending on cloud services is US$ 70 million and it is projected to grow
to US$ 141 billion by 2019. Moreover, annual global cloud IP traffic is estimated to
reach 14.1 ZB (Zeta Byte) by the end of 2020, from 3.9 ZB in 2015.
Network-as-a-service (NaaS) is the network transport connectivity used for delivering
network services virtually over the internet on a metered service (pay-per-use). NaaS
providers offer necessary network hardware to end users on subscription basis, which
provides a complete network solution. Consumers have to pay only for services that are
being used. In NaaS model, the networking operators offer network resources such as
optical switches, IP networks, BoD Domains, and routers. Some of the major
advantages of NaaS are, it provides scalability and elasticity of service using which the
network can be upgraded, providing a strong layer of security when the cloud is to be
accessed, and functioning in the background. Furthermore, NaaS aids in providing
efficient network bandwidth, effective flexibility of the network over consumption, and
positive impact on resource-centric processes such a network monitoring and trouble
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However, dependability on the vendor for total network solutions is a factor hindering
growth of a network-as-a-service market.
Information Technology (IT) and telecommunication segment is expected to
account for the largest market share over the forecast period
IT and telecommunication segment is expected to be dominant in the market over the
forecast period, due to increasing deployment of cloud computing services. Therefore,
increasing cloud computing services is driving adoption of cloud-based networking
services, which offer the end-users on-demand network resources. The IT and telecom
end-users are rapidly using networking and cloud technologies, which vary from
checking of emails to managing the large volume of business data on the cloud. For
instance, according to the Coherent Market Insights’ analysis, the in 2011 the cloud
application adopted by the telecom sector is 6.18% and by 2014 it is reached to
17.96%. Therefore, increasing adoption of cloud computing by the telecom sector will
positively impact on fuelling the growth of network as a services market.
Global Network-as-a-service Market: Regional Insights
On basis of region the global network-as-a-service is segmented into North America,
Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to
exhibit the highest growth, during the forecast period. India, China, and Japan are the
major growth engines in the market of Asia Pacific. Increasing internet penetration is
one of the major factors responsible for driving growth of the market in this particular
region. For instance, according to the Internet World Stats estimations in 2017, China
and India together contributed to over 1.2 billion Internet users as of June 2017. In
addition to this, development of the Internet infrastructure and online businesses in this
region are also expected to provide substantial growth opportunity over the forecast
Global Network-as-a-service Market: Competitive Background
Kay players in the network-as-a-service ecosystem comprises solutions and service
providers, such as Cisco Systems Inc., Juniper Networks, Inc., IBM Corp., NEC Corp.,
VMware, Aryaka Networks Inc., Alcatel Lucent, Brocade Communications Systems Inc.,
AT&T Inc., and Ciena Corporation.
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The research report on network-as-a-service market segments the global market by component (Infrastructure and Technology Services), by service type (LAN-as-a-service and WAN-as-a-service), by application, by vertical and by region.