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.
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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.
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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
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