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Recent expansion of global network-as-a-service market explained

Recent expansion of global network-as-a-service market explained

The Global Network-as-a-Service Market is accounted for $1.85 billion in 2016 and is expected to reach $22.50 billion by 2022 growing at a CAGR of 51.6% from 2016 to 2022.

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Growing requirement for subscription (pay per use) business model, huge development in network virtualization, cloud computing, software defined networking (SDN), enlarging need for global connectivity and escalating awareness about the economic benefits of (NaaS) are some of the drivers which in turn empowered the growth of this market.

However, privacy concerns and information security are some factors which are anticipated to decrease the market size. Moreover, the market has tremendous growing trend which is enterprises shifting there IT investment from capital expenses to operating outflow business model.

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The Network-as-a-Service (NaaS) is an outsourcing model for the virtual network services across the Internet. The dominant service providers offer necessary network hardware for the end users on the subscription basis, which is cost-effective and provides complete network solution.

Greater flexibility of the network over consumption, efficient network bandwidth, and positive impact on resource-centric processes such as trouble management, network monitoring, & provisioning and service-centric processes such as service configuration, selling, & activation are some of the salient features of the NaaS. However, dependability on the vendor for total network solution and downtime of network limit the adoption of the NaaS.

The rise in inclination toward the reduction of operation costs and proliferation of the cost control techniques are primary drivers of the market. Further, NaaS provides on demand network service and pay-per-use pricing model, which makes it one of the popular technologies in the market.

The long-term recurring expense and data security & privacy concerns are foremost restraints of the market. Emergence of the local players and need of low-cost network services is expected to offer abundant opportunities for the market growth.

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Network as a Service (NaaS) is a cloud based business model delivers network services over the internet. Traditionally, each software element runs on dedicated hardware, Network as a Service (NaaS) brings various software solutions into common hardware system, allows various software run on shared virtual machines through common storage.

NaaS service can  include flexible and extended Virtual Private Network (VPN), Wide Area Networking (WAN), bandwidth on demand (BoD), mobile network virtualization multicast protocols, custom routing, content monitoring & filtering, security services, and other applications.

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Network-as-a-service (NaaS) provides on-demand network services with pay-per-use pricing model, where the clients have to pay only for the resources used. NaaS offerings shift the risk and resource requirements related to the operation, backups, updates, and infrastructure maintenance to third-party vendors or service providers.

This helps clients to focus more on their core business competencies while saving costs through reduced capital investment on network infrastructure.

Some of the key players in this market include Ciena Corporation, Alcatel Lucent, Aryaka Networks, Inc, NEC Corporation, Juniper Networks, Inc, Brocade Communication Systems, Inc, AT&T, Inc , Vmware, IBM Corporation, Cisco Systems Inc, Akamai Technologies, CloudGenix, Intellipath, Silver Peak Systems, VeloCloud, Aerohive Networks, Netcraftsmen, Fatpipe Networks, Talari Networks and Viptela.

Types Covered:

  • WAN as a Service
  • LAN as a Service

 Table of Content:-         

1 Executive Summary       

2 Preface        

 2.1 Abstract       

 2.2 Stake Holders      

 2.3 Research Scope      

 2.4 Research Methodology     

  2.4.1 Data Mining     

  2.4.2 Data Analysis     

  2.4.3 Data Validation     

  2.4.4 Research Approach     

 2.5 Research Sources      

  2.5.1 Primary Research Sources    

  2.5.2 Secondary Research Sources    

  2.5.3 Assumptions     

3 Market Trend Analysis      

 3.1 Introduction      

 3.2 Drivers       

 3.3 Restraints      

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