Network as a Service Market was valued at US$ 15.29 Bn. in 2021 and is expected to reach US$ 234.98 Bn. by 2029, at a CAGR of 40.7% during a forecast period.
Market Overview
Most comprehensive Network as a Service Market segmentation report published by an intelligence marketing and business consulting firm indicates the lucrative is expected in the Network as a Service market through the forecast period 2022-2029. The report gives brief description of Network as a Service market segments on global Network as a Service market and industry basis to its readers and is also profitable for the key players and new entrants of the market.
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Market Scope
The report consists of the in-depth analysis of the market trends with help the of the micro and macro variables in detail. The research includes the pinpoints of the market sizing and forecasts quipped with current environmental and other ongoing developments that would affect the Network as a Service market. For the competitive analysis the major factors of the Network as a Service market are analysed thoroughly to help clients gain an edge over their competitors. The analysis is conducted based on their position in the market and revenue generated, profit margins, marketing strategies and technological advancements and product differentiation. The customizable reports help manufacturers in making study of competitors and the new entrants and their strategies and tactics for market. The combination of primary and secondary data is used for qualitative and quantitative analysis of the Network as a Service market. Thus the report acts as a tool for a clear understanding of the Network as a Service market and its utilization.
Network as a Service Market Segmentation
The Bandwidth on Demand (BoD) category had the biggest market share by type in 2021, accounting for%. because more businesses in sectors including healthcare, manufacturing, government, and retail are using business-oriented apps Such apps require higher levels of connectivity and capability in order to meet corporate objectives. As a result, a NaaS paradigm may be put into place, supporting BoD services and assisting organisations in overcoming bandwidth silos and meeting the demands of bandwidth-intensive applications. For instance, the need for BoD services is increasing due to the healthcare sector's rising reliance on mobile and cloud technology to access real-time data and support clinical applications.
In 2021, the BFSI segment had the greatest market share, accounting for% of end users. Customers' growing digital sophistication has compelled BFSI organisations to advance their technological know-how and provide them financial services they can access anywhere, at any time. The security of financial data is a problem for the banking sector. The adoption of the NaaS model has started to increase in the BFSI end-user segment since the majority of providers offer extremely secure SD-WAN and Wi-Fi services to customers. This end-user segment has typically put its network infrastructure on its premises due to the requirement for enhanced security.
Network as a Service Key Players
• IBM
• Oracle
• Cisco
• Verizon
• AT&T
• VMware
• DXC
• HPE
• SYNNEX
• Juniper Networks
• NEC Corporation
• Ciena Corporation
• Aryaka Networks
• Arista
• Extreme Networks
• Meta Networks
• GTT
• Masergy
• Telstra
• Silver Peak Systems
• Global Cloud Xchange
• NETSCOUT
• CenturyLink
Regional Analysis
The Network as a Service market was held by the Asia Pacific region in 2021 and is expected to grow at a significant rate over the forecast period. Regional growth is being led by the increasing populations in growing economies. The government initiatives also affect the in growth of the market regionally, it gives the manufacturers a lucrative opportunities to their production. With the help of the Network as a Service market report the new entrants of the market can understand the regional market and apply their new strategies for the industry.
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Key Questions answered in the Network as a Service Market Report are:
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Network as a Service Market Global Demand , Network as a Service Market Sales , Network as a Service Market Consumption
Mar 10, 2023