The global Network as a Service Market is estimated to reach USD 10.96 billion by 2022 at a CAGR of 31.3% between 2023 and 2032. The market of network as a service is expected to grow due to the rapid usage of cloud technology as enterprises which is further the workload through cloud through migrating. There has been immense pressure on enterprise networks due to the growing trend of workforce mobility and the rise in the data generated through various digital platforms. This will enable them to host a wide range of business applications as they are migrating toward the cloud. Cloud-enabled NaaS platforms help them to deploy applications augmented by several network functions, including virtual firewalls, virtual routers and service differentiation. These platforms are implemented in the cloud infrastructure, reducing network complexity and management costs which are unlike other solutions, which are based on third-party add-on virtual appliances. The factor which also propagating or contributing highly towards the extensive adoption of network virtualization technologies such as Network Functions Virtualization (NFV) and Software-defined Networking (SDN). These technologies enable enterprises to sell network services to customers virtually and provide a platform for Network as a Service, on a subscription basis.
Current mobile network standards perform user authentication, signalling and data encryption, as well as message integrity protection, by utilizing only symmetric key methods. However, as communication is envisaged to change from second generation (2G) person-to-person model to fourth generation (4G) machine-to-machine model, there is greater demand to provide more flexible, reconfigurable and scalable security mechanisms that can advance in a many-to-many trust relationship model.
All aforementioned factors are anticipated to propel the growth of the network as a service market over the forecast period.
The global network as a service market report has been segmented as type, organisation size and vertical
Based on type, this market is classified into LAN as a Service, WAN as a Service, Bandwidth on Demand (BoD), VPN as a Service and Managed Services. The Bandwidth on Demand (BoD) segment is expected to witness the fastest growth rate during the forecast period due to the massive adoption of business-oriented applications in various sectors such as healthcare, manufacturing, government, and retail. Application like this have resulted in higher demand due to high level of connectivity and bandwidth to support business needs. Bandwidth on Demand is facilitating the adoption of a NaaS model and enable bandwidth-intensive applications to meet their needs and allow enterprises to overcome the bandwidth silos. Healthcare sector the growing reliance on mobile and cloud technology to access the real time data and also to support its clinical applications has seen an increase in the demand of Bandwidth on Demand services.
Based on organisation size, this market is divided into large enterprises and small and medium-sized enterprises (SMEs). Large enterprises held a major portion of the Network as a Service market in 2018 due to the widespread usage of cloud services such as NaaS. The large organizations are using virtualization technologies to manage connectivity among remote enterprise sites and support Bring Your Own Device (BYOD) trend, which enable them to cost-effectively manage their disparate sources. The use of these technologies is expected to enable enterprises to focus on other business requirements and expected to accelerate the adoption of Network as a Service as they minimize investment costs.
Based on vertical type, this market is categorized into IT & telecom, BFSI, manufacturing, healthcare, government & public sector, retail and others. The IT & telecom vertical held a significant share in the Network as a Service market in 2021. Cloud & networking technologies offer customers with on-demand network services as their penetration is increasing. They reduce the expenditure done on the IT device procurement and maintenance will fuel the market growth. By using virtualization technologies due to compelling economic benefits, IT & telecom companies are transforming their legacy enterprise networks.
By region, this market is segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America is expected to dominate the network as a service market over the forecast period. Higher concentration of the network virtualization solution vendors is expected to drive the NaaS adoption in the region as there has been penetration of cloud computing and advanced IT infrastructure. There has been increase in the need for virtualized computing environments due to the growing demand for high-performance computing infrastructure. To reduce the labor cost the telecom service providers and technology companies are embracing cloud platforms.
The competitive scenario highlights the performance of major companies operating in this market. This includes detailed profiling of major companies and their competitive benchmarking. Product profiling provides key information including products/solutions offered, key developments, company performances, and strategies adopted in the recent years. Major companies profiled in the market include IBM, Oracle, Cisco, AT&T, Verizon, VMware, DXC, HPE, Telstra, and others. These companies have adopted product development, expansion, and merger strategies to consolidate market position amongst intense competition.
Market Segmentation:
By Type:
- LAN as a Service
- WAN as a Service
- Bandwidth on Demand (BoD)
- VPN as a Service
- Managed Services
By Application:
- IT & Telecom
- BFSI
- Manufacturing
- Healthcare
- Government & Public Sector
- Retail
By Enterprise Size:
- Large Enterprises
- SMEs
By Region:
- North America
- US
- Canada
- Mexico
- North America, by Country
- North America, by Type
- North America, by Application
- North America, by Enterprise Size
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- The Netherlands
- Rest of Europe
- Europe, by Country
- Europe, by Type
- Europe, by Application
- Europe, by Enterprise Size
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Rest of Asia Pacific
- Asia Pacific, by Country
- Asia Pacific, by Type
- Asia Pacific, by Application
- Asia Pacific, by Enterprise Size
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
- Middle East & Africa, by Country
- Middle East & Africa, by Type
- Middle East & Africa, by Application
- Middle East & Africa, by Enterprise Size
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- South America, by Country
- South America, by Type
- South America, by Application
- South America, by Enterprise Size
What Does This Report Provide?
This report provides a detailed understanding of the global network as a service market from qualitative and quantitative perspectives during the forecast period. The major market drivers, challenges, and opportunities for the global network as a service market have been covered in the report.
Objectives of this Report:
- On a regional and worldwide scale, estimate the market size for network as a service market.
- To provide a competitive scenario for the network as a service market with major developments observed by the key companies in the historic years.
- To evaluate key factors governing the dynamics of network as a service market with their potential growth during the forecast period.
Key Questioned Answered in the Report:
- How the network as a service market is evolving?
- How will each network as a service submarket segment grow over the forecast period and how much sales will these submarkets account for in 2032?
- How will market shares of each network as a service submarket develop from 2022-2032?
- Which network as a service submarket will be the main driver of the overall market from 2022-2032?
- How will political and regulatory factors influence regional network as a service markets and submarkets?
- Will leading national network as a service broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
- How will market shares of the national markets change by 2032 and which nation will lead the market in 2032?
- Who are the leading players and what are their prospects over the forecast period?
- How will the sector evolve as alliances form during the period between 2022 and 2032?
Customization of the market analysis:
- By sub-segment
- By customer-specific demand of additional customization including type, country, and application market analysis
- By potential listing of customers and pricing assessment
- Type-specific competitive analysis
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