NaaS Allows Quick ROI & More Time To Focus On Other Priorities-(Network As A Service Market) kiến thức mới năm 2023

The network as a service market is witnessing rapid traction due to growing cloud adoption and demand for data storage solutions and big data analytics. Citing the rapid growth in IoT uses and numbers of on-demand network providers, Quince Market Insights (QMI) expects the global network as a service market to reach USD 10.96 Billion by 2022, growing at a 31.3 % CAGR from 2023-2032.

The adoption of operating expenditure (OPEX) for saving & mobility and software-defined solutions creates a significant need for NaaS. The rapidly growing IT & telecommunication industry, witnessing expanded telecom operator networks, boost the NaaS market demand.

Furthermore, the rising inclination of various SMEs towards cloud technology and advances in IoT offers significant opportunities for the NaaS market.

• NaaS is emerging as a network infrastructure procurement model with a flexible OpEx subscription that provides users with management tools (hardware, software), licenses, and lifecycle services. Shifting focuses from products to outcomes and experiences that can further boost productivity, customer satisfaction, and cost savings & revenue acceleration.

• NaaS is a virtual networking business model used to deliver the network service virtually through the “pay as you” service or subscription model. It is a cloud model that allows users to operate the network and leverage its benefits without having to build and maintain their own infrastructure. NaaS allows customers to trade CapEx for OpEx leading to quick ROI and more time to focus on other priorities. 

Why Is NaaS Important?

The traditional network model requires huge investment to build physical networks, including switches, routers and licensing. This means it requires time and IT expertise to plan & deploy networks and install & configure infrastructure while ensuring security access policies are in place.

This model involves diligent monitoring for updates and security patches meeting the needs of changing technologies and security threats. 

Besides, provisioning new services, which is a manual process requiring a dedicated technician to deploy and configure equipment at various locations. Service provisioning and issue resolution are lengthy, critical, and time-consuming processes.

On the other hand, as networks grow in numbers with more mobile users and cloud expansion, their complexities also grow significantly, making IT teams struggle to keep pace.

Enterprises of all sizes immensely benefit from NaaS adoption, as it simplifies the management and access to hardware and software technologies with greater speed, agility, and scale.

Besides, NaaS enables SD-WAN to be deployed as a value-added service to enhance application, security, redundancy, and performance experience. All these factors signify the growing importance of NaaS, which will continue to evolve, adding capabilities to scale depth and breadth of services.

Strategies NaaS Providers Follow to Expand Their Market Footprints 

NaaS providers transform their IT expertise to help their customers successfully deploy networks with optimum security. They upgrade their platforms with industry-leading hardware, software, and services and greater extensibility to deliver more, better, and faster as-a-service solutions. 

They strive to offer different financing models with advanced technology components to complete unified services, giving their customers more choices. They also ensure to offer a simplified customer engagement model providing a completely new buying and operational experience. 

To support end-to-end lifecycle experiences, they combine their NaaS solutions with best-in-class networking, security, and monitoring capabilities and offer them in a single unified subscription. Market players are also seen increasingly focusing on Secure Access Service Edge (SASE) architecture to deliver an unparalleled experience.

Notable Industry Updates

On July 01, 2022, Huawei announced its plan to elevate its Network-as-a-Service offering. At the recent Network-as-a-Service Forum held in Dubai, Huawei introduced its latest & innovative NaaS offering for the Middle East region, powering enterprises across different industries to build a strong foundation for digital transformation while meeting changing business needs and optimizing network performance & user experiences through a cloud-like subscription model. 

On June 29, 2022, Mueller Systems launched a new NaaS endpoint solution designed for water network agility, enabling utilities to connect meters to their AMI network across the distribution system.

The new solution is an addition to its Advanced Meter Infrastructure (AMI) system -Mi.Net leveraging existing cellular infrastructure and eliminating the need for maintenance. The scalable Sentryx Water Intelligence Platform provides utilities with insights into the health of their distribution systems.

Reference

Browse Report:  https://www.quincemarketinsights.com/industry-analysis/network-as-a-service-market 

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