ICT RESEARCH REPORTS Network-as-a-service-Market | Page 2

Adoption of cloud computing services and network virtualization has led to significant increase in
data collected on various digital and social platforms. In cloud computing, the NaaS benefits in
providing scalable, pluggable, and API (Application Programmer Interface) driven network
management, where the users can deploy and manage their networks virtually. NaaS offers a
networking framework that outspreads the cloud computing’s on-demand and self-service
provisioning model to the network service provider. Therefore, increasing deployment of cloud
computing positively impacts growth of the market. For instance, according to Coherent Market
Insights’ analysis, in 2015 the annual spending on cloud services is US$ 70 million and it is
projected to grow to US$ 141 billion by 2019. Moreover, annual global cloud IP traffic is
estimated to reach 14.1 ZB (Zeta Byte) by the end of 2020, from 3.9 ZB in 2015.
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Information Technology (IT) and telecommunication segment is expected to account
for the largest market share over the forecast period
IT and telecommunication segment is expected to be dominant in the market over the forecast
period, due to increasing deployment of cloud computing services. Therefore, increasing cloud
computing services is driving adoption of cloud-based networking services, which offer the end-
users on-demand network resources. The IT and telecom end-users are rapidly using networking
and cloud technologies, which vary from checking of emails to managing the large volume of
business data on the cloud. For instance, according to the Coherent Market Insights’ analysis, the
in 2011 the cloud application adopted by the telecom sector is 6.18% and by 2014 it is reached
to 17.96%. Therefore, increasing adoption of cloud computing by the telecom sector will
positively impact on fuelling the growth of network as a services market.
Global Network-as-a-service Market: Regional Insights
On basis of region the global network-as-a-service is segmented into North America, Europe, Asia
Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to exhibit the highest
growth, during the forecast period. India, China, and Japan are the major growth engines in the
market of Asia Pacific. Increasing internet penetration is one of the major factors responsible for
driving growth of the market in this particular region. For instance, according to the Internet
World Stats estimations in 2017, China and India together contributed to over 1.2 billion Internet
users as of June 2017. In addition to this, development of the Internet infrastructure and online
businesses in this region are also expected to provide substantial growth opportunity over the
forecast period.
Global Network-as-a-service Market: Competitive Background