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Recent research: 48.4% CAGR for network-as-a-service market to 2021

IT Market Research

Network-as-a-Service market overall forecast to 2021 and Network-as-a-Service market is expected to grow from $1.33 Billion in 2016 to $9.65 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 48.4% and dominated by North America.

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Various key Network-as-a-Service market: vendors and service providers profiled in the report are as follows The NaaS ecosystem comprises the following major vendors such as Cisco Systems (U.S.),Juniper Networks. (U.S.),IBM Corp (U.S.),NEC Corp (Japan),VMware (U.S.),Aryaka Networks Inc.

(U.S.),Alcatel Lucent(U.S.),AT&T (U.S.),Brocade Communications Systems Inc. (U.S.),Ciena Corporation (U.S.).

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Network-as-a-Service (NaaS) market has grown considerably over the past few years and is expected to grow further, with the increasing use of Bandwidth on- Demand (BoD), SDN, and Network Function Virtualization (NFV) technologies.

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This study has been done on a global level, covering four regions broadly, namely, North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America.

Key Target Audience

  • Mobile network operators
  • SDN solution providers
  • Wireless infrastructure provider
  • Cloud and virtualized datacenters
  • Network infrastructure providers

Network-as-a-Service market, lessens the time to launch new networking services to aid dynamic business requirements and grab hold of new market opportunities. With advancements in NaaS technologies, NFV is evolving as one of the most promising networking technologies, which is on its way to redefining networking, with an advanced approach of unleashing the data plane from the control plane, a coherent improvisation to the traditionally distributed control planes.

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The APAC region is expected to have the highest CAGR during the forecast period

In rapidly growing economies, such as China and India, the growing demand for enhancing the supply chain operations and the governments’ efforts to standardize the NaaS technology are some of the growth drivers for the market. Additionally, huge population, developing technology hubs, and affluent countries, such as South Korea, Singapore, &Hong Kong have further enhanced growth prospects in this region.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people.

  1. By Company:Tier 1-36%, Tier 2-21%, and Tier 3-43%
  2. By Designation:C-Level-75%, Director Level-15%, and Others-10%
  3. By Region:North America-70%, Europe-15%, and APAC-15%.

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Network-as-a-Service market report segments the NaaS market on the basis of types into LANaaS (LAN-as-a-Service) and WANaaS (WAN-as-a-Service). By application, it is segmented into Bandwidth on-Demand (BoD),NFV, Virtual Customer Premises Equipment (V-CPE), and integrated network security-as-a-service.

Network-as-a-Service market By component, it is divided into infrastructure and technology services. By vertical, it is segmented into IT &telecommunication, manufacturing, Banking, Financial Services, & Insurance (BFSI), government, healthcare, transportation & logistics, retail, and others.

By region, it is classified into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America.

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