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  • Network as a Service Market Worth $46.6 Billion by 2027 - Exclusive Report by MarketsandMarkets™

    (I-SoftwareNews.Com, October 17, 2022 ) According to a new market research report "Network as a Service Market by Type (LAN and WLAN, WAN, Communication and Collaboration, and Network Security), Organization Size (Large Enterprises and SMEs), Application, End User (BFSI, Manufacturing, Healthcare) and Region - Global Forecast to 2027", published by MarketsandMarkets™, the global Network as a Service Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.0% during the forecast period, to reach USD 46.6 billion by 2027 from USD 13.2 billion in 2022. Virtual private networks (VPNs), MPLS links, and other obsolete network architectures can all be replaced with NaaS. Additionally, it may take the position of onsite network infrastructure like load balancers and firewalls appliances. The enterprise networking architecture has been significantly impacted by NaaS, a more recent approach for traffic routing and enforcing security requirements.

    Browse in-depth TOC on "Network as a Service Market"
    277 – Tables
    35 – Figures
    296 – Pages

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    As per type, the network security segment to grow at highest CAGR during the forecast period

    The Network as a Service Market by type is segmented into LAN and WLAN, WAN, communication and collaboration, and network security. As per type, the network security segment is expected to grow at the highest CAGR during the forecast period. Globally, there is a lot of corporate, private, and regulatory data on network connection. There have been significant social and economic losses as a result of the rise in cyberattack against businesses. Organizations have been required to invest more in security as a consequence, which is anticipated to drive the expansion of the network security segment over the course of the projected year.

    Small and Medium-Sized Segment to grow at the highest CAGR during the forecast period

    As per organization size, small and medium size Segment to grow at the highest CAGR for the Network as a Service Market during the forecast period. The Network as a Service Market by organization size is segmented into large enterprises and SMEs. SMEs adoption of contemporary IT infrastructures and operational processes optimization are two aspects anticipated to foster sector growth throughout the projected term. By combining cloud computing, automation, and virtualization, a distribution system has been created that provides connection support for small enterprises much more affordably and reliably. Especially as they transition to automation, the clouds, and experiment with cutting-edge digital technologies, smaller businesses are expected to boost their IT investment, which will be beneficial to NaaS providers.

    As per region, North America to have the highest market size during the forecasted period

    As per region, North America to have the highest market size during the forecasted period. The US is a big contributor to the market expansion in North America. Early acceptance of cutting-edge technical solutions as well as notable program evaluation by industry stakeholders through collaborations with multiple industry participants are both responsible for the rise. The market for network-as-a-service in North America is expanding as a result of cloud computing's widespread adoption, sophisticated IT infrastructure, and a growing consolidation of the major organizations in the industry.

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    Some of the major Network as a Service Market vendors are AT&T (US), Verizon (US), Telefonica (Spain), NTT Communications (Japan), Orange Business Services (France), Vodafone (UK), BT Group (UK), Tata Communications (India), Lumen (US), Comcast Business (US), Axians (France), Servsys (US), TELUS (Canada), KDDI (Japan), Cloudflare (US), PCCW Global (China), China Telecom (China), Singtel (Singapore), China Mobile (China), GTT Communications (US), Aryaka Networks (US), Telia (Sweden), Telstra (Australia), Deutsche Telekom (Germany), Colt Technology Services (UK), Wipro (India), HGC (China), TenFour (US), PacketFabric (US), OnX Canada (Canada), Megaport (Australia), Epsilon (Singapore), IPC Tech (US), and Microland (India).

    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

    MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


    Mr. Aashish Mehra


    Source: EmailWire.Com


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