Network as a Service Market Statistics 2019-2025 By Application, Enterprise Size, Type, Region, Company Share | Global Report

Few major Network as a Service (NaaS) Market companies are Amazon Web Services, Aryaka Networks, Cisco Systems, VMware, AT&T, Citrix Systems, Extreme Networks, and Juniper Networks.

Selbyville, Delaware, USA - June 6, 2019 /MarketersMedia/ —

The BFSI vertical is estimated to hold the Network as a Service market share of around 15% by 2025. Driven by the need to manage remote branch sites and deliver better services to customers, the banking & other financial institutions are modernizing their IT infrastructure by investing a huge sum in cloud and networking technologies. These technologies are enabling them to increase the network performance and improve resource availability. To manage multi-channel digital platforms and services and handle vast amount of financial data, they are using NaaS and cloud-NFV to deliver uninterrupted services.

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The IT & telecom segment is expected to hold the Network as a Service market share of over 25% in 2025. Telecom companies are replacing their network hardware with SDN and NFV to build a centralized network infrastructure. The centralized network infrastructure enables telecom companies to centrally manage & control all networking operations from a single location. The operational cost-effectiveness of SDN technology enables telecom companies to shift toward NaaS over their traditional network infrastructure. The enterprises are emphasizing on outsourcing network & cyber-security solutions to focus on their core competencies to cope up with the increasing market competition.

The large enterprise segment is expected to dominate the Network as a Service market by 2025 with a share of over 55%. The large enterprises are shifting toward the virtual network infrastructure to optimize the expenditure associated with managing & maintaining the physical infrastructure. NaaS enables enterprises to use their network with greater flexibility, dynamism, and agility. The on-demand provisioning of computational resources according to the pay-per-use model provides momentum to large enterprises to adopt NaaS solutions.

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The SME Network as a Service market is projected to exhibit an excellent CAGR of over 35% during the forecast timeline. SMEs use the NaaS model as it provides them with the flexibility to scale up or down the network resources as per their requirements and also promise greater efficiency through an on-demand provisioning model. The growing needs among SMEs to increase the return on investment and focus on other priorities to generate more revenue will also facilitate NaaS adoption.

The Asia Pacific Network as a Service market is expected to witness the fastest growth rate of over 40% during the forecast timeline. The increase in the demand for virtualization to reduce the cost and complexities of the physical network infrastructure will support market growth. The global network solution providers are deploying the virtualization network in the region to tap the growing market.

Browse key industry insights spread across 240 pages with 286 market data tables & 30 figures & charts from the report, “Network as a Service (NaaS) Market Size By Type (LAN as a Service, WAN as a Service, Bandwidth on Demand (BoD), VPN as a Service, Managed Services), By Enterprise Size (Large Enterprises, SMEs), By Application (IT & Telecom, BFSI, Manufacturing, Healthcare, Government & Public Sector, Retail), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Russia, Netherlands, China, India, Japan, Australia & New Zealand (ANZ), South Korea, Southeast Asia, Brazil, Mexico, Argentina, Colombia, Chile, South Africa, Saudi Arabia, UAE, Qatar, Bahrain), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/network-as-a-service-naas-market

Table of Contents (ToC) of the report:
Chapter 4. Network as a Service (NaaS) Market - Competitive Landscape
4.1. Introduction
4.2. Company market share analysis
4.3. Competive analysis of major NaaS players
4.3.1. Amazon Web Services, Inc.
4.3.2. Aryaka Networks, Inc
4.3.3. Cisco Systems Inc.
4.3.4. VMware Inc.
4.4. Competive analysis of other promionent players
4.4.1. AT&T Inc.
4.4.2. Citrix Systems, Inc.
4.4.3. Extreme Networks Inc.
4.4.4. Juniper Networks, Inc.
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/network-as-a-service-naas-market

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