The latest report titled ‘Global Network as a Service Market,’ published by Emergen Research, provides the reader with a comprehensive view of the global Network as a Service industry, acquainting them with the latest market trends, industry insights, and market share. The report provides an in-depth investigation of the global market, largely focusing on each segment and sub-segment of the Network as a Service market. The market forecasts included in the report are performed by our team of experts and are of great significance as they provide deep insights into various crucial industry parameters. These facts and figures help readers evaluate the global market growth, production, and consumption rates, volatility in demand and product prices, and upcoming market trends over the projected period. The market research report contains significant details on the global Network as a Service market value based on market dynamics and various growth factors. It scrutinizes several key aspects of the market, including the latest technological innovations in the industry, ongoing trends, and developmental opportunities.
The global Network as a Service (NaaS) market size reached USD 16.65 Billion in 2021 and is expected to register a revenue CAGR of 22.4 % during the forecast period, according to latest analysis by Emergen Research. Network as a Service (NaaS) is a critical component in enterprise network architecture for supporting the adaptation of innovative technologies depending on market demands, as well as for improving network performance, productivity, user experiences, and proactive maintenance. Owing to the increased internet penetration in functional business domains, many enterprises are deploying Network as a Service (Naas) in their business functions. Growing number of customers are turning to cloud alternatives to help them save money on network quality improvement. Network as a Service (NaaS) reduces costs by introducing new virtualized network infrastructure processes for hardware, software, operations, and maintenance. In addition, technological advancements in Machine Learning (ML) and Artificial Intelligence (AI) based Network as a Service (NaaS) algorithms are accelerating revenue growth of the market. Many market players are introducing Artificial Intelligence (AI) and Machine Learning (ML) algorithms to streamline and distribution of data. These metrics are significant in cost reduction and time. However, concerns regarding data security are a significant barrier to network as a service market growth. The protection of varied personal user data is becoming challenging owing to the rise in cyberattacks and data breaches. According to a leading cybersecurity company, globally WannaCry ransomware attacks affect around 230,000 computers. Revenue and reputation of the company may significantly affect owing to data breaches.
The global Network as a Service market report by Emergen Research is the latest document covering the changes in the market dynamics and trends that have followed the COVID-19 outbreak. The global health emergency has brought about unprecedented changes in the global economic scenario, drastically affecting the Network as a Service market landscape, disrupting its supply chains, and causing volatility in prices and demand for products. The report analyzes the impact of the pandemic on the Network as a Service industry and highlights its beleaguered segments. However, our analysts speculate that the market will regain traction in the post-COVID scenario.
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Global Network as a Service Market Report - Segmental Analysis:
The global Network as a Service business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Network as a Service business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.
Type Outlook (Revenue, USD Billion; 2019-2030)
- WAN as a service
- LAN as a service
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Large Enterprises
- Small and medium enterprises
Application Outlook (Revenue, USD Billion; 2019-2030)
- Virtual private network
- Bandwidth on demand
- Multi-branch connectivity
- WAN Optimization
- Secure web gateway
- Others (Integrated network security as a Service)
Key Geographies Profiled in the Report:
- North America (the U.S., Mexico, and Canada)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Europe (the U.K., France, Germany, and Rest of Europe)
- Latin America (Brazil and Rest of Latin America)
- Middle East Africa (GCC Countries and Rest of Middle East Africa)
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Competitive Outlook:
This section of the report performs a thorough investigation into the intensely competitive landscape of the global Network as a Service market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant. The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers acquisitions, joint ventures, partnerships, corporate deals, and brand promotions. The key industry participants include:
Cisco Systems Inc, Cloudflare, Inc., Hewlett Packard Enterprise Development LP, Verizon Communications Inc., Nokia Corporation, Dell Inc., Tata Communications Limited, Cato Networks Ltd., Amdocs Management Limited, Palo Alto Networks, Inc., Perimeter 81 Ltd., ALE USA Inc., NTT Communication and among others
Key Objectives of the Global Network as a Service Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Network as a Service market and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
The report, additionally, presents a comprehensive analysis of the key elements of the Network as a Service market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis, to offer strategic recommendations to the new entrants on how to overcome the entry-level barriers.
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