Network as a Service market place is projected of USD 42.6 Billion by-2022-2030
The Network as a Service Market is rapidly growing, heading with the rising adoption of cloud technology and demand for data storage solutions and big data analytics. Network as a service (NaaS) is a virtual networking business model used to deliver the network service virtually through the ‘pay as you’ service or subscription model.
The Global Network as a Service market place is projected of USD 42.6 Billion by the projected CAGR of 24.4% end of the year 2030,
With the rapid growth in IoT technologies and on-demand network providers, the market is estimated to perceive vast revenue growth. In this regard, Market Research Future (MRFR) states that the global network as a service market is projected to reach exponential heights by 2030, growing at an impressive CAGR throughout the forecast period (2022-203.
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Network as a Service (NaaS) Market – Segments
The report is segmented into types, components, deployments, end-users, and regions. The type segment is sub-segmented into local area network (LAN) and wide area network (WAN). The component segment is sub-segmented into infrastructure and technology services. The sub-segment service is bifurcated as network virtual function (NVF), WAN connection, data center, bandwidth on demand (BOD), and others.
The deployment segment is sub-segmented into on-cloud and on-premises. The end-user segment is sub-segmented into IT & telecommunication, BFSI, manufacturing, healthcare, retail, transportation, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Global Network-as-a-Service Market – Regional Analysis
North America dominates the global network as a service market. The largest market share attributes to the presence of several notable players and the early adoption of cloud-based deployment services in the region, driving the NaaS adoption to re-structure business functions & strategies. Besides, the higher adoption of NaaS across end-user industry verticals drives the growth of the market.
Moreover, technological advances and vast numbers of networks due to the digital revolution across the industries influence the network as a service market growth. The US and Canada, with their increasing NaaS applications, hold considerable shares in the regional market. The North American NaaS market is projected to retain its dominance throughout the estimated period.
Global NaaS Market – Competitive Analysis
The well-established NaaS market appears fragmented due to the presence of several key companies. Service providers incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and product launch to gain a competitive advantage. Naas providers focus on innovations and the development of new solutions, fueling the already intensified market competition. Players leading the global NaaS market include Brocade Communications Systems Inc. (US), Alcatel Lucent (US), Ciena Corporation (US), IBM Corp. (US), Cisco Systems (US), Juniper Networks (US), VMware (US), NEC Corp. (Japan), Aryaka Networks Inc. (US), and AT&T (US), among others.
Verizon Business (the US), a leading one-stop place to manage all business services, announced the availability of its 5G Business Internet in parts of 42 US cities. Verizon’s 5G Businesses Internet is a fixed-wireless Internet offering for businesses of all sizes. Besides, the 5G Business Internet complements Verizon Business’ solutions portfolio, including 5G mobility & 5G Edge mobile-edge computing (MEC), managed network-as-a-service (NaaS) and support offerings, SDN, and more.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
LIST OF TABLES
TABLE 1 GLOBAL NETWORK AS A SERVICE MARKET, BY TYPE
TABLE 2 GLOBAL NETWORK AS A SERVICE MARKET, BY SERVICE
TABLE 3 GLOBAL NETWORK AS A SERVICE MARKET, BY COMPONENT
LIST OF FIGURES
FIGURE 1 RESEARCH NETWORK SOLUTION
FIGURE 2 GLOBAL NETWORK AS A SERVICE MARKET: BY TYPE (%)
FIGURE 3 GLOBAL NETWORK AS A SERVICE MARKET: BY SERVICE (%)
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