Dublin, June 03, 2021 (GLOBE NEWSWIRE) -- The "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 2026" report has been added to ResearchAndMarkets.com's offering.
The global NaaS market size is projected to grow from USD 10.4 billion in 2021 to USD 37.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.4% during the forecast period.
The growth of this market can be attributed to the accelerated adoption of cloud services among large and small enterprises, an increase in the development of new data center infrastructures, and a rise in the Software-defined Networking (SDN) integration with existing networks to transform the overall networking infrastructure.
The virtual private network segment is expected to grow at the highest CAGR during the forecast period
VPN-as-a-service enables enterprises to connect to cloud with physical data centers or private networks. Cloud VPN/hosted VPN / VPN as-a-service enables users to securely access company's applications, data, and files in cloud through websites or desktops, or mobile applications.
The rising number of organizations is moving toward cloud for cost savings, agility, and flexibility. The high adoption rate of cloud infrastructure leads enterprises to adopt cloud-based VPN products. VPN is an important application of NaaS, which is based on a cloud-based network infrastructure.
Sometimes, it is referred to as hosted VPN or VPN as-a-Service (VPNaaS). VPNaaS provides a global VPN access to end users, including subscribers and third-party users, over the public internet. It is mostly meant to permit users internet connections over servers run by enterprises.
As most of the data or information on servers is encrypted for privacy, VPNaaS can provide secure access to the internet through a virtual private environment. Nowadays, VPNaaS is widely adopted by IT and telecom enterprises due to the rise in trends for virtual appliances, surge in cloud-based services, and increase in data security concerns. VPNaaS offers specific characteristics while addressing requirements for secure remote access from any device, over any type of network, and from any location.
Healthcare segment to grow at the highest CAGR during the forecast period
Healthcare organizations are moving toward cloud-based network infrastructure, owing to scalability, feasibility, and low cost and time consumption. A few healthcare organizations have started investing more in cloud-based solutions, such as wireless communication solutions, to improve overall network strength and quality.
Wireless solutions and services improve operational efficiency by providing reliable and efficient bandwidth for organizations. Providing enhanced customer experiences in the internet-connected world is important for healthcare and life sciences companies.
Therefore, they have started realizing the importance of NaaS solutions and are swiftly moving toward their adoption. The proliferation of connected devices, customer engagement model, digital transformation, and other similar trends would drive healthcare organizations to adopt NaaS-based connectivity.
Asia Pacific (APAC) region to record the highest growing region in the NaaS market
The NaaS market is highly competitive in APAC due to the presence of various service providers, networking providers, telecom carriers, and technology service vendors. Many vendors compete to offer the best services in the region, particularly in the retail and e-commerce industry vertical. This region also hosts many emerging service players in the networking and IT domain.
It is proving to be a rich space in terms of the existence of several multinational corporations, government organizations, and many midsized as well as large telecommunications and IT organizations. The growth is attributed to the presence of developing economies, such as China and India.
These countries have expansively considered the usage of wireless internet to cater to the unparalleled needs of Wi-Fi connectivity in large enterprises and SMEs of the region. The retail and e-commerce industry vertical is gaining traction in India and China. The rapid economic development, digitalization, and increased wireless internet users are expected to drive the market in APAC.
According to Akamai Technologies, APAC witnessed the fastest internet connectivity in the world, and most of the surveyed countries in the region have average peak internet connection speeds above the global average.
Accelerated Adoption of Cloud Services Among Large and Small Enterprises
High Reliability and Security for Mission-Critical Business Applications
Increase in the Development of New Data Center Infrastructures
Rise in Sdn Integration with Existing Network Infrastructures
Lack of Standardization in the Naas Market
Demand for Sdn- and Nfv-Based Cloud-Native Solutions to Replace the Traditional Networking Model
Growing Mobile Workforce
Adoption of Hybrid Work Model is Inevitable
Data Security and Privacy Concerns
Case Study Analysis
Value Chain Analysis
Supply Chain Ecosystem
General Data Protection Regulation
California Consumer Privacy Act
Payment Card Industry Data Security Standard
Health Insurance Portability and Accountability Act
Digital Imaging and Communications in Medicine
Health Level Seven
Service Organization Control 2
Communications Decency Act
Digital Millennium Copyright Act
Anti-Cybersquatting Consumer Protection Act
Virtual Ethernet Port Aggregator
Virtual Extensible Local Area Network
Transparent Interconnection of Lots of Links
Shortest Path Bridging
Fiber Channel Over Ethernet
Network Virtualization Using Generic Routing Encapsulation
Data Center Bridging
Priority Flow Control (802.1Qb)
Bandwidth Management (802. 1Qa Z)
Data Center Bridging Exchange
Orange Business Services
Colt Technology Services
For more information about this report visit https://www.researchandmarkets.com/r/4yfo2g
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900