Extensive adoption of cloud services among enterprises and an increase in the development of new data center infrastructures is boosting the growth of the network as a service market during the forecast period. The cloud-based deployments that include Wi-Fi as a service that provides features include remote troubleshooting and centralized management with enables of cloud access points thereby decreasing overall capital expenditure and total cost of ownership. Moreover increasing investment in new digital transformation initiatives by the governments, increased awareness among enterprises about the benefits of cloud technologies are other factors driving the growth of this market.
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Moreover, the need to monitor remote branch sites and offer better services to customers, the banking and financial institutions are modernizing their IT infrastructure through investing in the large sum in cloud and networking technologies. These technologies are aiding them to grow network performance and enhancing resource availability which boosts the network as a service market. To monitor multi-channel digital platforms and handle a large amount of financial data, they are using the network as a service and cloud NFV (Network Functions Virtualization) to deliver services. The cloud computing network as a service provides access to network infrastructure directly. It makes possible to offer custom routing protocols and it uses virtualized network infrastructure to offer network services to the customer.
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The network as a service market growth is boosting due to the rapid usage of cloud technology as enterprises that are rising migrating their workloads to the cloud. The growth in the data generated by different platforms and rising trend of workforce mobility that leads to high pressure on enterprise networks creates demand for the network as a service. Therefore, they are migrating towards the cloud that aids them to host a large range of business applications. Cloud-based network as a service enables them to offer applications that are projected through different network functions that include service differentiation, virtual firewalls, and virtual routers.The other solutions that are based on third party virtual appliances, these platforms are applied in the cloud infrastructure, management cost, and decreasing network complexity. The extensive adoption of network virtualization technologies that include network functions virtualization and software design networking. These technologies offer platforms for the network as a service and aids enterprise to sell network services to customers virtually.
Global Network as 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
- BFSI
- Retail and Ecommerce
- IT & Telecom
- Healthcare
- Government &Public Sector
- Transportation and Logistics
- Other
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