Network as a Service(NaaS): Benefits, Future Potential, and Recent Developments
Communication service providers must modernize their infrastructures to cope with the growing technology development. It will help them cater to the growing demands of the consumers. Networks as a Service (NaaS) is one of the prominent keys that could be used to redefine network infrastructure and make it more agile and responsive. Communication service providers (CSPs) are continuously introducing solutions to excel at connecting clients.
What is Naas?
In simple language, NaaS models encompass integrated hardware, software, licenses, and support services provided in a flexible consumption. Network-as-a-Service provider owns, installs, and operates the equipment rather than purchasing, installing, and operating network equipment. The organizations pay a monthly subscription for the network services they are getting.
Benefits
Reduced Costs
NaaS offers many benefits, such as reduced IT costs, which are linked with infrastructure, hardware, software, operations, and maintenance.
Preventative Maintenance
NaaS customers can efficiently detect and predict network issues through performing proactive monitoring and preventative maintenance. When a specific site delivers abnormally high latency, software tools generate alerts, which allows the NaaS partner to fix the problem even before customers acknowledge it.
Increased Security
With devastating data breaches growing all across the world, information security is a major concern for businesses of all sizes and industries. NaaS enhances IT security, which is a significant benefit for the NaaS providers. The right NaaS partner will help you optimize your network streams, ensuring that your data is getting to the cloud correctly and securely.
Service Quality Improvements
In general, NaaS offers advantages such as improved voice quality, more efficient call routing, and more profitable network management. Customers can concentrate on the quality of their work without being distracted by IT issues. In addition, the consumers also receive monthly reports in order to detect issues.
Systems that are Optimized
The right NaaS provider can determine whether your IT infrastructure and network are capable of handling the volume of traffic you’re receiving. If not, it will make adjustments to ensure that your network runs smoothly.
Future of NaaS
The scope of the network-as-a-service industry is highly strengthful. Undoubtedly, it is due to the growing shift of organizations towards cloud services. According to a study by Astute Analytica, the global Network as a Service market will grow at a compound annual growth rate (CAGR) of 40.7% during the forecast period from 2022 to 2027. In addition to that, network as a service offers increased flexibility to businesses. Moreover, companies can be more cost-conscious with on-demand purchasing because they only pay for the networking services they require. Such factors are likely to propel the network as a service industry forward.
The use of virtualization in the data center for workload mobility can result in more efficient resource. Thus, it will create lucrative growth opportunities for the Network-as-a-service industry. Furthermore, networking must be virtualized and automated in order to enable a cloud-like atmosphere. Another significant market opportunity will be provided by NaaS offerings, which is anticipated to streamline the use of multiple public clouds. As a result, it will permit users to work with a multi-cloud environment without having to be experts in each cloud’s native networking stack. Such opportunities will drive the industry forward
NaaS Providers to Propel the Industry Ahead
The global NaaS industry is forecast to grow at an outstanding growth rate. Service providers are also coming up with innovative strategies in order to cope with consumer expectations. For instance, in December 2020, Geoverse unveiled its Network as a Service (NaaS) platform. The platform enables enterprises, OEMs, systems integrators, and other members to develop and launch functionality for private cellular networks. In addition, SDx Networks inked a partnership deal with Masergy to officially unveil Australia’s next generation of ICT Managed Service Providers. The deal was signed in the year 2021 with the aim to provide cloud networking in Australia, New Zealand, Asia-Pacific, and Masergy. The companies intend to expand their global footprint through this partnership.
In February 2021, Verizon Business extended its long-standing strategic partnership with Cisco. This extension also added three new SD-WAN managed services offerings. The partnership expansion intends to offer enterprise businesses with an extensive global footprint. It will also provide access to new solutions and capabilities and innovative management and policy administration models in order to support companies with desired business outcomes.
Wipro Limited intends to provide managed Software-Defined Wide Area Network (SD-WAN) transformation services to Olympus as announced in November 2020. The company aims to do so by leveraging Cisco technology. Wipro will use its proprietary managed network services solution as part of this engagement to re-architect Olympus’ WANs and enable support across distributed applications in a hybrid multi-cloud environment.
VMWare also acquired Saltstack in October 2020 to expand its automation capabilities, which include software configuration management, network automation, and infrastructure automation. SaltStack provides strong configuration compliance and vulnerability management capabilities, which have been integrated into vRealize to help customers with their SecOps practices.
Read about Internet Advertising: The Future of Advertising
