Network as a Service Market is Expected to Grow at a CAGR of 28.4% from 2016 to 2022

Pune, India, March 7, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on Network as a Service Market.


Market Highlights


Network as a Service market is expected to grow at CAGR of 28.4% during the forecast period and expected to reach market size of US $126.8 Billion by the end of forecast period. The network as a service (NaaS) market is growing rapidly with the emerging need of connecting various devices wirelessly. The growing demand of the NB-IoT solutions among the enterprise companies help to increase the utilization of their assets in the optimum way, the usage of these solutions caters in creating the standardization in 3rd generation partnership projects, provides robust authentication and for global coverage.
During the study it was found that the network function visualization (NFV) in the network as a service market is emerging rapidly. It enables the smartphone to interact with something in close proximity. It provides connectivity between two devices which are active at the same time and are able to send and receive data in the real time. The technology helps in transmission and receiving of data by the use of radio waves. This is followed by bandwidth on demand which is utilized for network connectivity service that allows the user to request bandwidth at the desired level as and when they are required. It also allows the individual to customize the connectivity parameter by providing the control to the user.


Access Report Details @ https://www.marketresearchfuture.com/reports/network-as-a-service-market-2251


Key Players:
Alcatel Lucent (U.S.), Brocade Communications Systems Inc. (U.S.), Ciena Corporation (U.S), Cisco Systems (U.S.), IBM Corp. (U.S.), Juniper Networks (U.S.), NEC Corp. (Japan), VMware (U.S.), Aryaka Networks Inc. (U.S.), AT&T (U.S.) and among others.


Network as a Service (NaaS) Market  
Global Network as a Service (NaaS) market has been segmented on the basis of type, service, component, deployment and end-user. Type comprises of local area network (LAN), wide area network (WAN). Service comprises of network virtual function (NVF), WAN connection, Data Center, Bandwidth On Demand, and others. Component comprises of Infrastructure and technological service. Deployment comprises of On Cloud and On Premises.  Whereas, end-user includes IT & telecommunication, BFSI, Manufacturing, Healthcare, Retail, Transportation  and others.


Market Research Analysis:         
Market Research Future Analysis shows that the growing demand of cloud based service in small and medium business units acts as a major contributor in the growth of global network as a service market. Implementation of wireless connectivity helps in improving the connectivity among the devices and ensures the smooth usage of transfer of the data. The market is further followed by transportation industry, where the wireless connectivity is further utilized to reduce the travel time by connecting the automobiles with the Google maps. The efficient use of the GPS technology in the automobiles helps the passengers to avail the real time mapping of traffic, for the accurate arrival time of public transport which helps to improve the experience of the travelers.
Geographically, Asia pacific is expected to grow the in the network as a service market with the growing concept of connecting more and more industrial processes with the internet. The factors such as growing broadband penetration and the emergence of local players in the region will fuel growth opportunities in this region during the forecast period.


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