NaaS Market Forecast & Business Opportunities 2016-2024 Network as a Service (NaaS) Market

Network as a Service Market Forecast & Business Opportunities
2016-2024: Global Market Insights Inc.
The report “Network as a Service (NaaS) Market Size, Industry Outlook, Regional
Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea,
Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development &
Forecast, 2016 – 2024”. (NaaS) Network as a Service Market size drivers are Cloud
computing, advent of network virtualization, Software Defined Networking (SDN),
expanding demand for global connectivity, software-defined standard shift across the
whole IT industry and growing awareness among the organizations about the
monetary benefits. Increasing need for pay-per-use business model is also a key
growth driver.
The recent advancements in technology have led to abundance of applications in
numerous segments and global usage of wireless services has provided solutions for
the reduced cost for deployment for management and asset tracking management.
The enterprises are inclining towards one of the emerging trends in network as a
service market called Network Functions Virtualization (NFV) as per the observation
made among various telecom service providers. This network framework will virtualize
various network functions such as load balancers, firewalls, and intrusion detection
devices and will help the telecom service providers to achieve low CAPEX, scalability
and smooth service deployments. An increasing number of IT companies partnering
with pure-play NaaS vendors who provide NFV benefits will augment network as a
service market size.
Bandwidth on Demand (BoD) has created a vibrant scope for the stakeholders and for
the marketers in the network as a service market. The main benefit of BoD is that the
enterprises can purchase it from their respective Internet service Providers (ISPs) at
a comparatively lesser price, instead of giving a higher price to another ISP for leasing
a fixed bandwidth.
With the help of BoD, the Network Bandwidth can be scaled by the organization to aid
the cloud applications, therefore it is very scalable. BoD makes sure that it is ready to
use for the end user disposal, that is why it works in the background. It also takes care
of a robust privacy feature while the cloud is used, over the network.
The IT and telecom users are speedily using several cloud and networking
technologies, which vary from just checking emails to handling the vast data of the
enterprise which is placed on the cloud. A huge amount of data is therefore generated
by the growing usage of IT and telecommunication. The need for cloud platform among
the organizations is increasing tremendously since cloud has become an economic
platform for application of various resources. In this case, the network providers offer
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