San Francisco, California, May 12, 2017: A new research report, titled “Network-as-a-Service Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” by TMR Research provides a detailed overview of the market. The rising demand for virtualization of network functions and innovative value added services are anticipated to encourage the growth of the global network-as-a-service market in the next few years. The research study presents insights into the key dynamics of the market that are likely to accelerate the market’s growth in the near future. Moreover, a complete analysis of the competitive landscape has been provided in the study.
The adoption of network-as-a-service helps enterprises in minimizing cost, which is considered as a key factor projected to encourage the growth of the market in the coming years. In addition, the emergence of cloud computing technology is expected to create promising growth opportunities for the key players. The growing investments by several telecom companies in order to enhance their customer experience is likely to accelerate the overall growth of the network-as-a-service market in the forecast period.
On the flip side, the market is expected to face several barriers that are likely to curb the growth of the overall market in the coming years. Several concerns related to the portability and interoperability are anticipated to curtail the growth of the network-as-a-service market. Nevertheless, advancements in technology and the growing demand from several developing economies across the globe are projected to fuel the growth of the market in the near future.
In the last few years, a massive share of the global network-as-a-service market was held by North America. This region is estimated to continue its dominance throughout the forecast period. However, the rising promising opportunities in developing nations is predicted to encourage the growth of the Asia Pacific market in the near future. The increasing contribution from China and India and the growing demand for efficient IT services are projected to accelerate the growth of this region. Moreover, the increasing broadband penetration and the entry of new players are predicted to bolster Asia Pacific network-as-a-service market in the forecast period.
Some of the prominent players operating in the network-as-a-service market across the globe are Cisco, Fatpipe Networks, CloudGenix, Viptela, Pertino, Aerohive Networks, IBM, Juniper Networks, Silver Peak Systems, VeloCloud, Netcraftsmen, Talari Networks, Intellipath, VMware, Aryaka Networks, Akamai Technologies, and HP. This market is considered to be on the development stage at present. The increasing level of competition and the rising emphasis of leading players on the development of new products and innovations are likely to supplement the growth of the overall market in the coming few years.