Network-as-a-Service Market Strongly Growing at 48.4% CAGR to Reach $9.65 Billion by 2021: North America Shares 70% Globally
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.
Pune, India – October 31, 2017 /MarketersMedia/ —
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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The 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. 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.
NFV, 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.
Browse complete report on “Network-as-a-Service Market” spread across 124 pages, profiled 10 companies and supported with 41 tables and 63 figures, now available at
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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 so sub-segmentsowth 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.
Network-as-a-Service market report will help them better understand the competitor and gain more insights to better position their business. There is a separate section on competitive landscape, including competitor ecosystem and mergers & acquisitions. Besides, there are company profiles of 10 players in this market. In this section, market internals are provided to put them ahead of the competitors. The report also covers key innovators in the market.
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Network Transformation Market by Solution (SDN and NFV, C-RAN, Network Automation and 5G Networks), Professional Service, Managed Services (Network Monetization, Network Management, Network Testing),Vertical, and Region – Global Forecast to 2022
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The report segments the NaaS market comprehensively and provides the closest approximations of the revenue numbers for the overall market &the sub-segments. The market numbers are further split across different verticals and regions.
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