Network as a service market by Type (LAN and WLAN, WAN, Communication & Collaboration and Network Security), by End user (BFSI, Manufacturing and Healthcare), by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global Trends and Forecast from 2019 to 2028

Published on: Mar 2022
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Market Size	CAGR	Dominating Region
USD 63.1 billion	24.6%	North America

by Type	by End User
LAN And WLAN WAN Communication And Collaboration Network Security	BFSI Manufacturing Healthcare

4.9/5 - (18 votes)

Network as a Service Market Overview

The global network as a service market size is estimated to be valued at USD 13.7 billion in 2021 and is projected to reach USD 63.1 billion by 2028, recording a CAGR of 24.6%.

The primary catalyst for the growth of Network as a Service (NaaS) is the heightened investment in advanced technologies. As innovation in enterprise IT intensifies, there emerges a paradigm shift in organizational management across all facets of business operations. The ascent of cloud computing stands as one of the most consequential transformations since the advent of the internet, with the proliferation of cloud services persisting as a disruptive influence within the domain of information technology.

Companies stand to benefit by aligning their expenditures with actual consumption patterns. This approach obviates the need to invest in underutilized equipment, allowing for flexible bandwidth expansion as necessitated by fluctuating market prices. Timely implementation of updates, software enhancements, and security patches is imperative for companies overseeing their network operations. Yet, this often entails IT personnel traversing multiple sites to effect modifications. NaaS facilitates the seamless deployment of new patches, enhancements, and functionalities in an ongoing fashion, thereby streamlining diverse operational processes such as user onboarding and ensuring synchronization and optimization for maximal efficiency.

Key market participants, such as Cisco Systems, Inc., offering solutions encompassing network security, software-defined WAN, and secure web gateway, are encompassed within the purview of the report. Likewise, Verizon Wireless Inc. offers services such as private IP and Managed SD-WAN, among others. According to a survey conducted by the Project Management Institute, inefficient project management practices contribute to nearly 12% wastage of organizational resources. There exists a burgeoning demand for solutions capable of providing a comprehensive 360-degree view of the entire project lifecycle. The utilization of cloud-based services for remote monitoring of project operations is poised to catalyze market expansion.

Network as a Service Market Segment Analysis

On the basis of end user, global market is sub-segmented into BFSI, manufacturing and healthcare. Because of technical breakthroughs such as the internet and mobile banking, the digital economy is thriving in both developed and developing countries. BFSI institutions have been pushed to become more technologically proficient in order to provide on-the-go financial services to consumers as a result of the growing number of tech-savvy customers. The banking industry places a premium on financial data security. As a result, CIOs are choosing secure wireless connectivity to increase data security, improve user experience, and provide enhanced services to customers.

Network as a Service Market Players

Market players focus on growth strategies, such as new product launches, collaborations, partnerships, operational expansion, mergers & acquisitions, and awareness campaigns. Companies operating the target market can focus on partnerships and collaborations, in order to develop advanced products which in turn create lucrative growth opportunities. Few of the important market players include AT&T, Verizon, Telefonica, NTT Communications, Orange business services, Vodafone, BT Group, TATA Communications, Lumen and Masergy.

Companies are mainly in the networking and they are competing closely with each other. Innovation is one of the most important and key strategy as it has to be for any market. However, companies in the market have also opted and successfully driven inorganic growth strategies like mergers & acquisition and so on.

In March 2021, Verizon launched a new SDN and NFV service that enables enterprises to transition to a virtual infrastructure model, providing greater agility and on-demand resources.
In February 2021, Verizon extended its strategic partnership with Cisco by adding three new SD-WAN managed service offerings.
In January 2021, Orange Business Services was selected by BNP Paribas to deploy an SD-WAN solution in its more than 1,800 branches across France.
In November 2020, AT&T offered networking capabilities and other advanced technologies to National Oceanic Atmospheric Administration (NOAA) to help federal agencies modernize their technology infrastructure.
In October 2020, NTT Communications launched the Mobile Workplace Connect solution for increasing enterprise productivity and security. This solution offers immediate, secure, and global cellular connectivity to employees for end-point devices: laptops, tablets, smartphones, or any other device with a 3G/4G modem.

Who Should Buy? Or Key stakeholders

Network as a service Companies
Network as a service Consulting firms
Research Organizations
Investors
Networking companies
IT Companies
Regulatory Authorities
Others

Network as a Service Market Regional Analysis

The Network as a service Market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).

North America: includes US, Canada and Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA

The major share is expected to be occupied by North America for global network as a service market during the forecast period. In terms of the use of new technology across many sectors, the region is undergoing rapid transformation. Early users of NaaS systems, including LAN, WAN, and Wi-Fi, have been found in the region. The region’s economies are stable and well-established, allowing it to invest heavily in R&D and so contribute to the creation of novel technologies in the era of network service providers. SME adoption of NaaS systems has also increased in the region. The presence of numerous large industry participants in the region is projected to be a major driving force in the North American NaaS market.

Key Market Segments: Network as a service Market

Global Market by Type, 2019-2028, (In USD Million)

LAN And WLAN
WAN
Communication And Collaboration
Network Security

Global Market by End User, 2019-2028, (In USD Million)

BFSI
Manufacturing
Healthcare

Global Market by Regions, 2019-2028, (In USD Million)

North America
Europe
Asia Pacific
South America
Middle East and Africa

Important Countries In All Regions Are Covered.

Key Question Answered

What is the current market size of this high growth market?
What is the overall growth rate?
What are the key growth areas, applications, end uses and types?
Key reasons for growth
Challenges for growth
Who are the important market players in this market?
What are the key strategies of these players?
What technological developments are happening in this area?

Introduction
1. Market Definition
2. Market Segmentation
3. Research Timelines
4. Assumptions And Limitations
Research Methodology
1. Data Mining
  1. Secondary Research
  2. Primary Research
  3. Subject-Matter Experts’ Advice
2. Quality Checks
  1. Final Review
3. Data Triangulation
  1. Bottom-Up Approach
  2. Top-Down Approach
  3. Research Flow
4. Data Sources
Executive Summary
Market Overview
1. Global Network as a service Market Outlook
  1. Market Drivers
  2. Market Restraints
  3. Market Opportunities
2. Impact Of Covid-19 On Global Network as a service Market
Global Network as a service Market By Type, (USD Million)
1. LAN and WLAN
2. WAN
3. Communication and Collaboration
4. Network security
Global Network as a service Market By End user, (USD Million)
1. BFSI
2. Manufacturing
3. Healthcare
Global Network as a service Market By Region, (USD Million)
1. Introduction
2. Asia-Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Australia
  6. South-East Asia
  7. Rest Of Asia-Pacific
3. North America
  1. United States
  2. Canada
  3. Mexico
4. Europe
  1. Germany
  2. United Kingdom
  3. France
  4. Italy
  5. Spain
  6. Russia
  7. Rest Of Europe
5. South America
  1. Brazil
  2. Argentina
  3. Colombia
  4. Rest Of South America
6. Middle East and Africa
  1. UAE
  2. Saudi Arabia
  3. South Africa
  4. Rest Of Middle East and Africa

Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
1. AT&T
2. Verizon
3. Telefonica
4. NTT Communications
5. Orange business services
6. Vodafone
7. BT Group
8. TATA Communications
9. Lumen
10. Masergy
11. Others

*The Company List Is Indicative

LIST OF TABLES

TABLE 1 GLOBAL NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 2 GLOBAL NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 3 GLOBAL NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 4 GLOBAL NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 5 GLOBAL NETWORK AS A SERVICE MARKET BY REGION (USD MILLIONS), 2019-2028

TABLE 6 GLOBAL NETWORK AS A SERVICE MARKET BY REGION (KILOTONS), 2019-2028

TABLE 7 NORTH AMERICA NETWORK AS A SERVICE MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 8 NORTH AMERICA NETWORK AS A SERVICE MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 9 US NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 10 US NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 11 US NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 12 US NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 13 CANADA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 14 CANADA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 15 CANADA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 16 CANADA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 17 MEXICO NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 18 MEXICO NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 19 MEXICO NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 20 MEXICO NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 21 SOUTH AMERICA NETWORK AS A SERVICE MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 22 SOUTH AMERICA NETWORK AS A SERVICE MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 23 BRAZIL NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 24 BRAZIL NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 25 BRAZIL NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 26 BRAZIL NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 27 ARGENTINA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 28 ARGENTINA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 29 ARGENTINA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 30 ARGENTINA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 31 COLOMBIA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 32 COLOMBIA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 33 COLOMBIA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 34 COLOMBIA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 35 REST OF SOUTH AMERICA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 36 REST OF SOUTH AMERICA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 37 REST OF SOUTH AMERICA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 38 REST OF SOUTH AMERICA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 39 ASIA-PACIFIC NETWORK AS A SERVICE MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 40 ASIA-PACIFIC NETWORK AS A SERVICE MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 41 INDIA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 42 INDIA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 43 INDIA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 44 INDIA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 45 CHINA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 46 CHINA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 47 CHINA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 48 CHINA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 49 JAPAN NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 50 JAPAN NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 51 JAPAN NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 52 JAPAN NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 53 SOUTH KOREA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 54 SOUTH KOREA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 55 SOUTH KOREA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 56 SOUTH KOREA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 57 AUSTRALIA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 58 AUSTRALIA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 59 AUSTRALIA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 60 AUSTRALIA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 61 SOUTH-EAST ASIA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 62 SOUTH-EAST ASIA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 63 SOUTH-EAST ASIA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 64 SOUTH-EAST ASIA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 65 REST OF ASIA PACIFIC NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 66 REST OF ASIA PACIFIC NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 67 REST OF ASIA PACIFIC NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 68 REST OF ASIA PACIFIC NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 69 EUROPE NETWORK AS A SERVICE MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 70 EUROPE NETWORK AS A SERVICE MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 71 GERMANY NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 72 GERMANY NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 73 GERMANY NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 74 GERMANY NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 75 UK NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 76 UK NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 77 UK NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 78 UK NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 79 FRANCE NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 80 FRANCE NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 81 FRANCE NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 82 FRANCE NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 83 ITALY NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 84 ITALY NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 85 ITALY NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 86 ITALY NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 87 SPAIN NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 88 SPAIN NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 89 SPAIN NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 90 SPAIN NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 91 RUSSIA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 92 RUSSIA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 93 RUSSIA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 94 RUSSIA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 95 REST OF EUROPE NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 96 REST OF EUROPE NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 97 REST OF EUROPE NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 98 REST OF EUROPE NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 99 MIDDLE EAST AND AFRICA NETWORK AS A SERVICE MARKET BY COUNTRY (USD MILLIONS), 2019-2028

TABLE 100 MIDDLE EAST AND AFRICA NETWORK AS A SERVICE MARKET BY COUNTRY (KILOTONS), 2019-2028

TABLE 101 UAE NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 102 UAE NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 103 UAE NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 104 UAE NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 105 SAUDI ARABIA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 106 SAUDI ARABIA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 107 SAUDI ARABIA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 108 SAUDI ARABIA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 109 SOUTH AFRICA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 110 SOUTH AFRICA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 111 SOUTH AFRICA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 112 SOUTH AFRICA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

TABLE 113 REST OF MIDDLE EAST AND AFRICA NETWORK AS A SERVICE MARKET BY TYPE (USD MILLIONS), 2019-2028

TABLE 114 REST OF MIDDLE EAST AND AFRICA NETWORK AS A SERVICE MARKET BY TYPE (KILOTONS), 2019-2028

TABLE 115 REST OF MIDDLE EAST AND AFRICA NETWORK AS A SERVICE MARKET BY END USER (USD MILLIONS), 2019-2028

TABLE 116 REST OF MIDDLE EAST AND AFRICA NETWORK AS A SERVICE MARKET BY END USER (KILOTONS), 2019-2028

LIST OF FIGURES

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL NETWORK AS A SERVICE MARKET BY TYPE, USD MILLION, 2019-2028

FIGURE 9 GLOBAL NETWORK AS A SERVICE MARKET BY END USER, USD MILLION, 2019-2028

FIGURE 10 GLOBAL NETWORK AS A SERVICE MARKET BY REGION, USD MILLION, 2019-2028

FIGURE 11 PORTER’S FIVE FORCES MODEL

FIGURE 12 GLOBAL NETWORK AS A SERVICE MARKET BY TYPE, USD MILLION, 2019-2028

FIGURE 13 GLOBAL NETWORK AS A SERVICE MARKET BY END USER, USD MILLION, 2019-2028

FIGURE 14 GLOBAL NETWORK AS A SERVICE MARKET BY REGION, USD MILLION, 2019-2028

FIGURE 15 NETWORK AS A SERVICE MARKET BY REGION 2020

FIGURE 16 MARKET SHARE ANALYSIS

FIGURE 17 AT&T: COMPANY SNAPSHOT

FIGURE 18 VERIZON: COMPANY SNAPSHOT

FIGURE 19 TELEFONICA: COMPANY SNAPSHOT

FIGURE 20 NTT COMMUNICATIONS: COMPANY SNAPSHOT

FIGURE 21 ORANGE BUSINESS SERVICES: COMPANY SNAPSHOT

FIGURE 22 VODAFONE: COMPANY SNAPSHOT

FIGURE 23 BT GROUP: COMPANY SNAPSHOT

FIGURE 24 TATA COMMUNICATIONS: COMPANY SNAPSHOT

FIGURE 25 LUMEN: COMPANY SNAPSHOT

FIGURE 26 MASERGY: COMPANY SNAPSHOT

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