Report ID: SQMIG45A2396
Report ID:
SQMIG45A2396 |
Region:
Global |
Published Date: December, 2024
Pages:
181
|
Tables:
102 |
Figures:
69
North America led the largest revenue share of over 47.0% in 2023, due to rapid adoption of network as a service solutions. The major driver is the presence of important players such as Palo Alto, Amdocs, Megaport, Akamai, Cisco Systems Inc. and others. and other presence, which has driven the growth of the market. Significant companies invest heavily in data center research and development, and network infrastructure supports growth. In addition, the widespread adoption of IoT and cloud-based services is fueling the network as a service market growth. Businesses and organizations are modernizing their traditional networks with advanced IT infrastructure, network virtualization solutions and cloud computing services. Cloud providers and telecom service providers are adopting and using cloud platforms to eliminate complex network deployment management.
As per network as a service market outlook, Asia Pacific is expected to expand at a substantial CAGR of 34.1% throughout the forecast period. The growth is driven by increasing use of cloud computing driven by startups adopting SaaS, PaaS and NaaS cloud services in the region. India and China have a wide and distributed customer base driving demand and creating new opportunities. The growth was driven by network infrastructure improvements, CAPEX across the region and increased demand to reduce government infrastructure. Additionally, the untapped potential of the sector provides new investment opportunities for technology upgrades and upgrades such as Bring Your Own Device (BYOD) technology. In addition, MNCs are expanding their presence across the APAC region, resulting in a wider customer base and Internet customers that provide opportunities for profitable growth.
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Report ID: SQMIG45A2396