NaaS Market Forecast & Business Opportunities 2016-2024 Network as a Service (NaaS) Market | Page 2

their major network resources to the third parties based on commercial applications.
These resources include data and communication & intelligence as well.
Based on end user, the network as a service market can be segmented into IT &
telecommunication, Manufacturing, government, healthcare, banking, financial
services, and insurance (BFSI), retail, and transport & logistics. The IT and telecom
vertical is anticipated to grow at a tremendous rate in the network as a service market.
The extensive applications of cloud computing services are influencing the adoption
of cloud-supporting networking services that provide the end-users with the network
resources whenever needed. The growing urge to improve the cross-channel
customer experience will drive various telecom service providers to increase their
expenses on information technologies; thereby enhancing the growth of this sector in
the forecast timespan.
APAC network as a service market is forecast to exhibit the highest growth rate by
2024. The key driver which is influencing the growth of this region is the technological
enhancements in the emerging economies like China and India which require
proficient IT systems and services. Factors like extensive broadband penetration and
the emergence of competitors will infuse the growth prospects in this region in the
upcoming years.
Vendors in the network as a service market are Cisco, IBM, Juniper Networks,
VMware, Fatpipe Networks, CloudGenix, Silver Peak Systems, Akamai Technologies,
etc.
Market research reports: Key analytical components
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