Verizon Business brings multi-cloud management solution to network-as-a-service offering
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Insights
Verizon Business' introduction of Network as a Service (NaaS) Cloud Management marks a significant development in the multi-cloud management space. Businesses increasingly rely on diverse cloud services to optimize their operations and the ability to seamlessly manage these services is critical. This solution appears to address a key market need for simplification and integration in cloud management.
From a market perspective, the offering could enhance Verizon's competitive position within the cloud services industry, which is experiencing rapid growth and transformation. It may attract new customers seeking streamlined cloud management solutions and potentially increase customer retention by improving user experience for existing clients. The emphasis on security, governance and standardized configurations aligns with the industry's move towards robust cybersecurity measures, which is a crucial selling point for enterprises concerned with data breaches and compliance regulations.
However, the success of this service will hinge on its implementation and the actual performance benefits it delivers. It will be important to monitor customer feedback and adoption rates, as these will be strong indicators of the product's market impact. Furthermore, investors should consider the potential revenue streams from this service and how it might affect Verizon's overall financial performance in the competitive cloud services sector.
The launch of NaaS Cloud Management could have financial implications for Verizon Business. As enterprises continue to adopt multi-cloud strategies, there is a growing demand for tools that can manage these complex environments. Verizon's new service aims to meet this demand, which could lead to increased revenue streams from businesses seeking to improve their cloud infrastructure management.
Investors should look for indicators of the service's financial performance in future earnings reports, such as revenue growth in Verizon's cloud services segment or any reported increase in enterprise customer acquisition. Moreover, the efficiency gains from a simplified cloud management system could translate into cost savings for Verizon's clients, which may lead to higher customer satisfaction and loyalty, indirectly contributing to Verizon's financial health.
It is also important to consider the investment Verizon has made in developing this service and the ongoing costs associated with maintaining and updating the platform. These costs will impact the overall profitability of the NaaS Cloud Management service.
Verizon Business' NaaS Cloud Management solution is poised to address the complexities associated with managing multi-cloud environments, an issue that is increasingly pertinent as companies diversify their cloud usage. The technology sector is moving towards more integrated and user-friendly platforms that can handle the intricacies of public, private and hybrid clouds and Verizon's solution is indicative of this trend.
The service's ability to provide a consolidated view and management of application performance and network architecture is technologically significant. It reflects an advancement in cloud technology, potentially setting a new standard for network-as-a-service offerings. For stakeholders, the key factors to watch will be the adoption rate among enterprises and how well the service integrates with existing cloud infrastructures.
Additionally, the impact of this service on the broader technology landscape could be substantial if it leads to increased innovation and competition among cloud service providers. This could result in better services and more competitive pricing for consumers, ultimately influencing the direction of cloud technology development.
Solution simplifies application deployment and cloud-connection management throughout a user’s multi-cloud environment, providing a consolidated view of application performance and network architecture across public, private, and hybrid cloud
NEW YORK, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Verizon Business today announced Network as a Service (NaaS) Cloud Management, a new service that allows businesses to control application components and network architecture across multiple cloud environments -- public, private and hybrid -- all on one unified online portal. The new solution is designed to work with Verizon Business’ NaaS offering and vastly simplify multi-cloud management as part of the NaaS flexible service-model fabric.
Multi-cloud networking is popular among enterprises for its ability to host applications in cloud environments with different accessibility, compatibility and data-sovereignty policies, but it poses unique challenges for enterprise CIOs, such as connecting workloads across the different cloud environments and developing a standardized architecture and security practices. NaaS Cloud Management helps alleviate these concerns, offering quicker application connections and response times while providing better visibility into performance, process management, and network conditions across the multi-cloud environment.
The solution’s single, comprehensive view of cloud network and application performance provides easy insight into overall service health, network traffic, global network cloud connections, issue management tickets and more.
NaaS Cloud Management also enables users to establish connectivity between those public, private and hybrid environments, and between clouds and network infrastructure at the edge. This facilitates the secure interconnection of cloud service providers, data centers and end users—all while maintaining security standards.
By standardizing workload connectivity and offering a uniform procedure for security protocols, governance and configurations, NaaS Cloud Management consolidates complex multi-cloud networking processes into a simple, integrated network workflow that supports any business transformation.
And because it’s designed to work with Verizon Business’ existing NaaS offering, customers can now rapidly provision and monitor secure cloud and connectivity services across multiple cloud service providers, through a single management portal.
“The NaaS Cloud Management solution can revolutionize the way IT teams deploy and manage cloud applications and monitor multi-cloud connections, making the process simpler and more user-friendly than ever before,” said Debika Bhattacharya, Chief Product Officer, Verizon Business. “Being able to deploy workload connections quickly between different environments empowers organizations to scale cloud engineering and development processes, mitigate risk, and operate with minimal friction.”
Learn more about Verizon Business’ NaaS Cloud Management’s features and benefits here.
For other Verizon Business enterprise solutions, visit verizon.com/business.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of
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Media contact:
Matt Conte
matthew.conte@verizon.com
(917) 848-3040
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