Network As A Service Market Expected to Witness a Sustainable Growth over 2030: Grand View Research Inc.Posted by Sona Kulkarni on December 4th, 2023 Network As A Service Market Growth & Trends The global network as a service market size is anticipated to reach USD 81.82 billion by 2030, registering a CAGR of 32.9% in the forecast period, according to a new report by Grand View Research, Inc. Network-as-a-Service (NaaS) allows users/customers to rent networking services from cloud providers. It is a cloud model providing networking services through the internet on a (pay-per-use) subscription model. Networking services are offered by network service providers and cloud providers for networking and network security resources such as VPN, WAN, and firewall. It enables customers to manage and operate on their network without the need to maintain network infrastructure and optimize resource allocations and computing resources as a single unified module. It delivers network services in a subscription-based business model to deliver enterprise-wide area network (WAN) services. It comprises integrated hardware, software, licenses, and managed services. NaaS allows businesses and organizations with subscription hardware, managed services, and full/true. Network As A Service Market Report Scope
NaaS is a framework that leverages open application programming interface (APIs), network transformation, service lifecycle automation, and model-driven abstraction. With NaaS, users can streamline new services, automate the order-to-service process, and technology introduction. Additionally, it eliminates manual intervention from the service fulfillment process, improves customer experience by providing error-free service activation, and reduces time to remediate issues. The market is projected to witness significant growth attributed to the rising deployment of Network-as-a-service, as it is low cost and provides greater scalability. Additionally, growing demand for widespread and high-speed network coverage and increasing adoption and implementation of the cloud for data storage are some of the factors fueling the growth of the market. The rising deployment of public NaaS in several verticals such as BFSI, manufacturing, retail, manufacturing, and transportation & logistics, among others, are contributing positively to the NaaS market growth. Network-as-a-service enables incessant delivery of features, new fixes, and capabilities, automates multiple processes, optimizes for maximum performance, and orchestrates. It provides security policy enforcement and network monitoring, applications and underlying infrastructure modeling, and firewall and packet capabilities inspection. Additionally, it offers AI-driven capabilities and the ability to proactively route the application traffic to address issues and improve user experience. NaaS provides businesses and organizations with low latency connectivity, global coverage, and negligible packet loss enabled by a global point of presence (POP) backbone while connecting to platform-as-a-service, software-as-a-service, infrastructure-as-a-service applications, or branch offices. These services can be deployed, ordered, and co-managed. It ranges from network access solutions and managed services, including unified communication services on virtualized customer premise equipment (vCPE) or public cloud. The report covers the competitive analysis of the top fifteen market players which includes Palo Alto, Amdocs, Megaport, Akamai, Cisco Systems Inc., and Cloudflare. The players are adopting several key strategies and developments such as product launches, partnerships and collaborations, and mergers and acquisitions to obtain a significant share. For instance, in May 2022, Orange Business Services launched the service manage-watch, a supervision solution for applications and network services. It ensures end-to-end monitoring, optimal performance of security at the edge, equipment, user experience, and application to meet consumers’ requirements. Request a free sample copy or view report summary: Network As A Service Market Report Network As A Service Market Report Highlights
Access Press Release@ https://www.grandviewresearch.com/press-release/global-network-as-a-service-market Network As A Service Market Segmentation Grand View Research has segmented the global network-as-a-service market based on type, enterprise size, application, vertical, and region: Network As A Service Type Outlook (Revenue, USD Million, 2017 - 2030)
Network As A Service Enterprise size Outlook (Revenue, USD Million, 2017 - 2030)
Network As A Service Application Outlook (Revenue, USD Million, 2017 - 2030)
Network As A Service Vertical Outlook (Revenue, USD Million, 2017 - 2030)
Network As A Service Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players in the Network As A Service Market
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author |