The Global Network as a Service Market is projected to reach a value of over USD 66.07 billion by 2027 at a CAGR of around 37.8%.
The embedded SIM (Network as a Service) in communication device allows to activate network subscription services on the device without using physical SIM. The phone manufacturers are switching their traditional technology to Network as a Service for better design and create better experience to device owners. Rising usage of wearable electronics & high-end smartphones and high adoption of IoT technology will expected to drive the market during the forecast period. However, lack of technology awareness will hinder the market growth during growth period.
Market Driver:
Data center is a physical facility that organization use to manage their critical data and applications. The design of data center is based on storage resources and network computing that enables delivery of shared applications and data. The modern data center infrastructure is very different from traditional on-premises physical servers to virtual networks that support applications and workloads across pools of physical infrastructure and into a multi-cloud environment. Increasing need for data security and to support different applications such as email & file sharing, productivity applications, customer relationship management (CRM), Enterprise resource planning & databases, big data, artificial intelligence, machine learning, virtual desktops, and collaborative services. Hence, modern data center infrastructure will drive the networking market during forecast period.
Market Opportunity:
Traditional networking is work with fixed-function network devices such as router or switch. These devices have each of different functions that operate well together. The functionality of traditional networking is highly implemented in dedicated hardware such as ASIC. Hence, some hardware networking limitations will occur. However, SDN make networking-as-a-service services more prevalent, so that it can be sold as enterprise network services. The virtualization enables the capability to share, market, or sell on any platform whether its networking, business applications, cloud infrastructure.
The report on the network as a service market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Type, Component, End Use Industry, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Network as a Service Market, by Application
Network as a Service Market, by End Use Industry
Network as a Service Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Network as a Service MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY