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 report is formulated with the updated and latest information of the global Network as a Service market further validated and verified by the industry experts and professionals. The Global Network as a Service Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Network as a Service market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
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
Research Report on the Network as a Service Market Addresses the Following Key Questions:
- Who are the dominant players of the Network as a Service market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Network as a Service market?
- What are the key growth drivers and restraining factors of the Network as a Service market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Network as a Service market and its key segments?
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Emergen Research has segmented the global Network as a Service market on the basis of type, type of care, and region
Segments Covered in this report are:
-
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)
In conclusion, the Network as a Service Market report is an exhaustive database that will help readers formulate lucrative strategies. The Network as a Service Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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