Network as a Service Market

AT&T (US) and Juniper Networks (US) are leading players in Network-as-a-Service Market

The global Network-as-a-Service Market size is expected to grow from USD 4.3 billion in 2018 to USD 21.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 38.3% during the forecast period. The key factors driving the Network as a Service market include an accelerated adoption of cloud services among large and small enterprises and increasing number of new data center infrastructures.

Major global vendors offering Network as a Service Market include IBM (US), Oracle (US), Cisco (US), Verizon (US), AT&T (US), VMware (US) DXC (US), HPE (US), SYNNEX (US), Juniper Networks (US), NEC Corporation (Japan), Ciena Corporation (US), Aryaka Networks (US), Arista (US), Extreme Networks (US), Meta Networks (Israel), GTT (US), Masergy (US), Telstra (Australia), Silver Peak Systems (US), Global Cloud Xchange (India), NETSCOUT (US) and CenturyLink (US). These players have executed different growth strategies to expand their global presence and increase their market shares. New product launches and upgradations; and partnerships, agreements, and collaborations, have been major strategies adopted by the key players, which helped them innovate their offerings and expand their reach.

AT&T is one of the major providers of Network as a Service Market solutions. The company provides its offerings to a diverse customer base. It adopts both organic and inorganic growth strategies to sustain its leading position in the market. In November 2016, it acquired Dish Network LLC, (a high- definition channel provider across 200 countries), and WPP (a global telecommunication service provider, group) together acquired Invidi. The combination of AT&T network solutions and Dish Network telecom offerings would cater to the customer’s needs in a better manner.

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Juniper Networks is another key player in the market providing Network as a Service Market solutions. The company has adopted new product launches, partnership, and collaboration strategies to upgrade its product portfolio and expand its market reach. For instance, in October 2018, Juniper Networks launched a breadth of new offerings, such as Juniper EngNet and NRE Labs, which accelerates the automation of the organizational networks by automating network operations, processes, and workflows. In October 2018, Juniper Networks partnered with Nutanix to simplify enterprises’ transition to multi-cloud environments with the help of automated network management, and integrated and agile security. Following this partnership, Juniper Networks integrated its Contrail Enterprise Multi-cloud platform with Nutanix’s APIs to offer enhanced network visibility to enterprises for their virtualized workloads.

Related Reports:

Network as a Service Market by Type, Application (Sales & Marketing Management, Customer Experience Management, Competitive Intelligence, & Risk Management), Organization Size, Industry Vertical, Deployment Model, & Region - Global Forecast to 2023

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Report Code
TC 5036
Published ON
Mar, 2019
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