The Network as a Service market is expected to grow at a CAGR of more than 16% during the forecast period. Network as a Service is a model for virtual network services on the internet. The market growth is driven by the emergence of cloud computing, software design networking, improving demand for global connectivity, network visualization. In addition, growing demand for pay per use business models and growing awareness regarding the economic benefit of network as a service owing to decrease operational and capital expenditure are anticipated to drive the growth of the network as a service market during the forecast period. Furthermore, the network as a service industry is growing inclination towards cloud technologies, however, high installation costs and poor infrastructure development are the factors that are hampering the growth of the market over the forecast period.

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The network service providers offer necessary network hardware for the end-users on the basis of subscription that is cost-effective and offers complete network solutions. Higher flexibility of the network over consumption, effective network bandwidth, and impact on resource-centric processes that include network monitoring, troubleshooting, and provision & service-centric process are the Characteristics of the network as a service.

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Global Network as a Service Market Segmentation

By Application

Virtual Private Network

Wide Area Network

Cloud Based Services

Bandwidth on Demand

Integrated Network Security as a Service

By VERTICAL

Banking, Financial Services, and Insurance (BFSI)

IT & Telecom

Healthcare

Government & Public sector

Transportation & Logistics

Retail and E-commerce

Other (Media and Entertainment and Education)

Regional Analysis

North America

US

Canada

Network as a Service Market Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

Akamai Technologies, Inc.

Akiri, Inc.

ALE International

Amazon Web Services, Inc.

Aryaka Networks, Inc.

AT&T Inc.

Broadcom, Inc.

CenturyLink, Inc.

Ciena Corp.

Cisco Systems, Inc.

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