Network as a Service Market Overview:
Network–as–a–service is defined as a virtual networking business model which is utilized to integrate current cloud computing services with cloud networking framework. This model is used to deliver network service virtually either through ‘pay as you’ service or subscription model. The rising adoption of cloud technology for data storage and introduction of big data analytics is contributing towards the growth of network–as–a–service market. Additionally, the rapid advancement in IoT technology also supports the growth of network–as–a–service market.
Among NaaS services it is estimated that network function virtualization (NFV) will grow at a faster rate during the forecast period. This growth in NFV will be due to its advanced approach of releasing the data from a control plane, and a coherent improvisation to the traditionally distributed control planes.
IT & telecommunication is considered as a major industry vertical responsible for driving Network–as–a–Service Market due to the expansion of the network by the various telecom operators. The adoption of operating expenditure (OPEX) saving, and mobility are also expected to impact software define market which indirectly supports the growth of network–as–a–service (NaaS) market. Furthermore, the opportunities for value-added resellers products will also contribute towards the growth of this market.
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Major Key Players:
The prominent players in network–as–a–service (NaaS) market are – Alcatel Lucent (France), Brocade Communications Systems Inc. (US), Ciena Corporation (US), Cisco Systems (US), IBM Corp. (US), Juniper Networks (US), NEC Corp. (Japan), VMware (US), Aryaka Networks Inc. (US), AT&T (US) and among others.
August 17, 2018, Alcatel-Lucent introduced a hybrid cloud to provide cloud-based services
Alcatel-Lucent has introduced a hybrid cloud capability that can be utilized by small-medium businesses (SMBs) named as Alcatel-Lucent OXO connect hybrid communications benefits SMBs by delivering state-of-the-art collaboration tools with cloud-based Alcatel-Lucent Rainbow, while automating maintenance operations though its Cloud Connect services.
March 06, 2018 Broadcom First to Deliver 400G Reverse Gearbox for Hyperscale Data Center & Cloud Infrastructure:
Broadcom Limited one of the planner, designer and global provider of an expansive scope of advanced and simple semiconductor network solutions, availability of its 400G gearbox device, the BCM81724, focusing on hyperscale server farm and cloud applications. The device is a 8×56-Gbps PAM-4 to 16×25-Gbps NRZ forward and turn around gearbox, intended to empower cutting edge superior switches with PAM-4 I/Os to associate with the vast existing ecosystem of switches and module modules with NRZ interface. The gadget can likewise be designed as a 8×56-Gbps PAM-4 retimer to broaden fast copper and optical connections in current systems. The BCM81724 is Broadcom’s 4th generation gearbox that covers the capabilities of modern high-performance switches, optimized for high-density switching and routing in hyperscale data center and cloud networks.
Network as a Service MarketSegmentation:
- Based on type, the market is segmented into LAN and WAN
- Based on component, the market is segmented into WAN connection, data centers, NFV, BOD and others
- Based on deployment, the market is segmented into On Cloud and On Premises
- Based on end-user, IT & telecommunication, BFSI, healthcare, retail, transportation and others
- Based on region, the market is segmented into North America, Europe, Asia-Pacific (APAC), and Rest of the World
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Network as a Service MarketRegional Analysis:
Regionally, the network–as–a–service market is segmented into North America, Europe, Asia Pacific, and rest of the world. North America region is dominating the network–as–a–service market and Asia-Pacific is expected to grow at fast rate during forecast period.
The growth in North America region is dominated by the US, Canada and Mexico is due to presence of large number of industrial players, intense research and development in the field of telecom industry technology related to network expansion, high penetration of Internet of Things and others. Europe has been benefitted mainly due to the extensive initiatives taken by government. Whereas, Asia Pacific market is expected to witness the fastest growth due to increasing awareness among individual, and development of technology hubs in the region.
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