Dublin, March 21, 2019 (GLOBE NEWSWIRE) -- The "Network as a Service Market by Type, Application (Sales & Marketing Management, Customer Experience Management, Competitive Intelligence, & Risk Management), Organization Size, Industry Vertical, Deployment Model, & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global Network as a Service (NaaS) market size to grow from USD 4.3 billion in 2018 to USD 21.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 38.3% during the forecast period.

The key factors driving the NaaS market include accelerated adoption of cloud services among enterprises and an increase in the development of new data center infrastructures.

Networking as a service refers to the sale of network services from third parties to customers with no networking infrastructure. NaaS includes NaaS packages networking resources, services, and applications, which are purchased for multiple users by an enterprise, for a contracted period of time. It includes services such as Wide Area Network (WAN) and Local Area Network (LAN) including WiFi. WiFi as a service is a cloud-managed WiFi service delivered to the end user under a subscription-based pricing model.

Organizations with 50-120 employees demand third-party NaaS solution providers for at least some of their network functions so that they can focus on other business processes. Companies have been adopting the NaaS model as it provides various benefits, such as significant cost savings, improved security, and increased business agility. NaaS solutions allow enterprises to focus and extend the range of their business offerings without sacrificing quality or content. Moreover, cloud-based deployments, such as WiFi as a service, offer features such as centralized management and remote troubleshooting with the help of cloud access points, thereby reducing the overall Capital Expenditure (CAPEX) and Total Cost of Ownership (TCO).

Among industry verticals, the telecom and IT industry is expected to hold the largest market size of USD 741.8 million in 2018 and would reach USD 3,611.9 million by 2023 at a Compound Annual Growth Rate (CAGR) of 37.2% during the forecast period. The education sector is expected to reach 1,865.4 million by 2023 owing to the increased usage of smart devices and the large number of educational institutions moving to eLearning and smart education. The retail and eCommerce vertical is expected to have a higher growth rate during the forecast period. Among the 2 NaaS types, LANaaS is expected to hold the largest market size of USD 3,177.3 million in 2018, whereas WANaaS segment is expected to grow at the highest CAGR of 47.6% from 2018 to 2023.

The primary vendors in the NaaS market include IBM Corporation, Oracle Corporation, Cisco Systems, Verizon, AT&T, VMware, DXC Technology, HPE, SYNNEX, Juniper Networks, NEC Corporation, Ciena, Aryaka Networks, Nokia Corporation, Arista Networks, Extreme Networks, NETSCOUT, Broadcom Inc., Meta Networks, GTT, Masergy Communications, Telstra, Silver Peak Systems, Global Cloud Xchange, and CenturyLink.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Market
4.2 Network as a Service Market: Market Share, By Region
4.3 Market, By Type
4.4 Market in Europe: Top 3 Applications and Countries

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Accelerated Adoption of Cloud Services Among Large and Small Enterprises
5.2.1.2 Increase in Development of New Data Center Infrastructures
5.2.1.3 Rise in SDN Integration With Existing Network Infrastructures
5.2.2 Restraints
5.2.2.1 Lack of Standardization in the Network as a Service Market Technology
5.2.3 Opportunities
5.2.3.1 Demand for SDN- and NFV-Based Solutions to Replace Traditional Approaches and Propel Market Growth
5.2.4 Challenges
5.2.4.1 Limited Bandwidth Providers and Lack of Access to High-Speed Internet
5.2.4.2 Data Security and Privacy Concerns
5.3 Industry Trends
5.3.1 Network as a Service Market: Regulations
5.3.1.1 Virtual Ethernet Port Aggregator (VEPA)
5.3.1.2 Virtual Extensible Local Area Network (VXLAN)
5.3.1.3 Transparent Interconnection of Lots of Links (TRILL)
5.3.1.4 Shortest Path Bridging (SPB)
5.3.1.5 Fiber Channel Over Ethernet (FCOE)
5.3.1.6 Network Virtualization Using Generic Routing Encapsulation (NVGRE)
5.3.1.7 Data Center Bridging (DCB)
5.3.1.8 Priority Flow Control (PFC) 802.1qbb
5.3.1.9 Bandwidth Management (802. 1qa Z)
5.3.1.10 Data Center Bridging Exchange (DCBX)
5.3.2 Market: Use Cases
5.3.2.1 Juniper Networks: Providing Greater Networking Agility
5.3.2.2 Aryaka: Gaining Faster Application Performance
5.4 Value Chain Analysis

6 Network as a Service Market, By Type
6.1 Introduction
6.2 LAN as A Service
6.2.1 WiFi as A Service
6.2.1.1 Digitalization of Businesses has Revolutionized WiFi as A Service
6.3 WAN as A Service
6.3.1 Intervention of SD-WAN to Increase the Adoption of WANaaS

7 Market, By Component
7.1 Introduction
7.2 Infrastructure Services
7.2.1 Increasing Digitalization to Boost the Growth of Infrastructure Services
7.3 Technology Services
7.3.1 Advanced Technologies, Including SDN and NFV, to Enhance the Growth of Market

8 Network as a Service Market, By Application
8.1 Introduction
8.2 Virtual Private Network
8.2.1 Need for Providing Private and Secure Access Over the Internet to Drive the Growth of Vpn
8.3 Wide Area Network
8.3.1 Intervention of SD-WAN to Revolutionize the WAN Ecosystem
8.4 Cloud-Based Services
8.4.1 Increasing Competition Among Cloud Service Providers to Enhance the Growth of Market
8.5 Bandwidth on Demand
8.5.1 On-Demand Services to Offer Flexible Bandwidth, Connectivity Times, and Location
8.6 Integrated Network Security As A Service
8.6.1 Easy Deployment of Integrated Network as A Service Minimizes Time to Market

9 Network as a Service Market, By Industry Vertical
9.1 Introduction
9.2 Banking, Financial Services, and Insurance
9.2.1 Increasing Need for Real-Time Customer Service and Growth of Fintech to Drive Market Growth in the Vertical
9.3 Manufacturing and Automotive
9.3.1 Manufacturing Companies Adopting Network as A Service Tools to Understand and Identify Early Warning Signals
9.4 Retail and E-commerce
9.4.1 Increasing Adoption of Latest Technologies By Retail and E-commerce
9.5 Telecom and IT
9.5.1 Focus on Gaining Insights From Voluminous Content to Drive the Adoption of Network as A Service in the Vertical
9.6 Media and Entertainment
9.6.1 Increasing Need for Managing Data to Drive the Adoption of Market
9.7 Healthcare
9.7.1 Digital Revolution in Healthcare to Drive the Adoption of Market
9.8 Education
9.8.1 Focus on Saving Costs to Drive the Adoption of Market in the Vertical
9.9 Transportation and Logistics
9.9.1 Complexities Across Logistics and Supply Chain to Create the Need for Network as A Service
9.10 Government and Public Sector
9.10.1 Reengineered Traditional Models to Drive Network as A Service Adoption Among Government Organizations
9.11 Others

10 Network as a Service Market, By Region

11 Competitive Landscape
11.1 Microquadrant Overview
11.1.1 Visionaries
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.1.5 Strength of Product Portfolio Adopted By Major Players in the Network as a Service Market
11.1.6 Business Strategy Excellence Adopted By Major Players in the Market

12 Company Profiles

  • AT&T
  • Centurylink
  • Cisco
  • DXC Technology
  • GTT Communications
  • HPE
  • IBM
  • Juniper Networks
  • Masergy
  • Meta Networks
  • NEC
  • Oracle
  • Synnex Corporation
  • Telstra
  • Verizon
  • VMware

For more information about this report visit https://www.researchandmarkets.com/research/7jwl4p/network_as_a?w=12

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