Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Network as a Service Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Network as a Service Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Network
as a Service Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Network as a Service Market is offered. In accordance with the report, the global
Network as a Service Market is projected to
expand by healthy CAGR of 42.13% over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Network
as a Service are one type of specially made business models to deliver proper
network services to those customers who do not want to build their own network
infrastructure on the basis of a monthly or yearly subscription. Configuring
routers and other network devices, hardware and software can be quite difficult
and time-consuming and need lots of skilled man power. But Network as a Service
makes these easier by handling it with third party providers and making the end
products available to the companies and customers in an easy-to-handle manner.
These services are pretty convenient for smaller or start-up companies who
don’t have enough monetary resources or man power.
Market Drivers
The
expanding small and medium size service and industrial sectors are the main
drivers behind the growth of the Network as a Service Market. Small and medium
size businesses who have no previous investment in WAN are the main buyers of
the Network as a Service Market. But larger organizations are also interested
in it as it needs very low capital investment in network hardware. The
cost-efficiency of Network as a Services as it reduces the labor cost and saves
time is also helping the rapid growth of the Network as a Service Markets.
Beside this, rapid urbanization, growing population,
rising per capita income and rising concerns in leading a better lifestyle are
also some of the key players behind the rapid growth of the Network
as a Service Market.
Aside
from these, government subsidies to different companies to help them work
better and hire professional help and the rising foreign investments in the Network
as a Service Sector are also adding fuel to this increasing market growth.
The
regular introduction of different and brand-new types of Network as a Service Companies
with better technology and management and superior security to satisfy the
varying tastes of the customers is also attracting new consumers and thus
helping the growth rate of Network as a Service Market to rise high. The
convenience and efficiency of Network as a Service is also helping in the
expansion of the said market.
Market Restraints
The Network as a Service Market has a huge potential. Though it is expanding very fast
day by day, many things are preventing it from using its full potential. Some
of these restraints are–
Ø High prices of the raw materials.
Ø High installation, maintenance and repairing
costs.
Ø High cost of R&D activities.
Ø High cost of the premium quality end products.
Ø Availability of substitutes at lower costs.
Ø Vulnerable to cyberattacks, lack of security.
Ø Unavailability of these products in many regions.
Ø Lack of awareness about the availability and
benefits of the Network as a Service in the developing countries.
Opportunities
The Network as a Service Market has many scopes in the commercial sectors due to the increase in service
sectors, schools, colleges, hospitals, multinational companies where online
networking and management has become a necessity now-a-day. The increase in
usage of WAN Network in Telecom and IT sectors will create further
opportunities for growth of the said market.
Trends
During
the forecast period, North America followed by Asia Pacific and Europe are
expected to have the largest share of Network as a Service Market. The demand for these products
in the North American region is driven by its expanding medium- and small-scale industries, growing population and
rising disposable income among individuals. Rising concerns over proper functioning
of networks by professionals at relatively lower costs are also driving the
growth. It is also
believed that on the basis of service type, the WAN segments will have the
largest share for its high demand and efficiency and convenience in the industrial
sector.
Segment Covered:
This market
intelligence report on the global Network as a Service Market encompasses market segments based on component, service type,
product type, application, end usage, distributional channel and country.
By Component
the global Network as a Service Market has been
divided into:
q Infrastructure
Services
q Technology
Services
By Service
Type the global Network as a Service Market has been
divided into:
q LAN-as-a-a-service
ü WiFi-as-a-service
q WAN-as-a-service
By Product
Type the global Network as a Service Market has been
divided into:
q Virtual
Private Network
q Wide-area
Network
q Cloud-based
Services
q Bandwidth
on Demand
q Integrated
Network Security as Service
q Others
By Application the global Network
as a Service Market has been divided into:
q Manufacturing
and Automotive
q Retail
and E-commerce
q BFSI
q Telecom
and IT
q Education
q Healthcare
q Media
and Entertainment
q Transportation
and Logistics
q Government
and Public Sectors
q Others
By End
Usage the global Network as a Service Market has been
divided into:
q Personal
q Commercial
By Distributional
Channel the global Network as a Service Market has been
divided into:
q
Private
q
Government
q Others
By country/region,
the global Network as a Service Market has been
divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Arista
q Aryaka
Networks
q AT&T
q CenturyLink
q Ciena
Corporation
q Cisco
q DXC
q Extreme
Networks
q Global
Cloud Xchange
q HPE
q IBM
q Juniper
Networks
q Masergy
q NEC
Corporation
q NETSCOUT
q Oracle
q Silver
Peak Systems
q SYNNEX
q Telstra
q Verizon
q VMware
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Network as a Service Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
IBM
The
North American multinational technology and consulting company IBM is one of
leading market players in the global Network as a Service Sector with more than
350,000 employees working to serve their clients in 170 countries across the
entire world. The company announced to split the Managed Infrastructure Services
unit of its Global Technology Services division into a new public company
on October 2020. The company is known for producing and selling top class
network and computer hardware, middleware and software and providing and hosting consulting services in network service and computer
technology related areas.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Network as a
Service Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Network as a Service Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of different type of models,
government initiatives, marketing tactics and expansion, and technical up
gradation
Ø
The world
market for Network as a Service caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Network
as a Service Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Network as a Service Market
v
Identification
of key factors driving investment opportunities in the Network as a
Service Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants