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Global Network as a Service Market was valued at US$ 15,326.9 Mn in 2021 and is projected to reach US$ 1,18,709.3 Mn by 2027. The market is expected to register an astounding CAGR of 40.7% during the forecast period 2022-2027. The Network-as-a-Service (NaaS) is an outsourcing model for the virtual network services across the internet where the dominant service providers offer necessary network hardware for the end-users on a subscription basis, which is cost-effective and provides a complete network solution.
The growing impetus of the global Network-as-a-Service (NaaS) market is attributed to the increasing adoption of cloud services among enterprises and augmentation in a software-defined network (SDN). Technology companies and telecom service providers are embracing cloud platforms to reduce labor costs. Cloud deployment solutions allow enterprises to focus on their core competencies and strategic goals. With the appropriate use of the NaaS offering, organizations can enhance the performance of their cloud applications.
Furthermore, enterprise customers demand from communication service providers (CSPs) is high and rapidly evolving. Network as a Service (NaaS) is an exciting new opportunity for CSPs to offer the crucial enterprise segment. Not only does NaaS revolutionize the network it also delivers a service that improves enterprise customer experience and retention as organizations widely migrate to the cloud consumption model.
However, data security and privacy concerns are likely to deter the progression of the global network as a service market, as enterprises hesitate to share critical business data and statistical information with the service providers.
The study of the global Network-as-a-Service (NaaS) market considers various market determinants, industry value chain analysis, cost analysis, and competitor analysis of the market. The report discusses the analysis of the network-as-a-service market for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Global Network-as-a-Service (NaaS) Market across 16 Chapters and, 204 pages. The report includes data presentation across 50 tables and 109 statistical figures.
The report provides cost analysis of the Global Network-as-a-Service (NaaS) Market. It includes a cost analysis of cloud-based services, network services charges, hardwired computer network installation costs, and others. Further, the report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein intensity rivalry is high.
The subsequent section provides details of the market analysis based on different segments such as component, type, service model, enterprise type, end-user industry, and region. The report also includes a detailed study of the value chain of the industry. It includes raw service providers, developers, distributors, and end-users. The report also covers extensively the key competitors in the Global Network-as-a-Service (NaaS) Market.
Key Takeaways from the Global Network-as-a-Service (NaaS) Market Report
Following are the different segments of the Global Network-as-a-Service (NaaS) Market: -
Component Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:
Type Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:
Service Model Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:
Enterprise Size Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:
End-user Industry Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:
By Region Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:
|Market Size Value in 2021||US$ 15,326.9 Mn|
|Expected Revenue in 2027||US$ 1,18,709.3 Mn|
|Unit||Value (USD Mn)|
|Segments covered||Component, Type, Model, Size, End-user, and Region|
|Key Companies||Hewlett Packard Enterprise Co., Telstra Corporation Limited, VMware, Inc., AT&T Inc., and other prominent players|
|Customization Scope||Get your customized report as per your preference. Ask for customization|
Network as a service (NaaS) is a business model for delivering enterprise-wide area network services virtually on a subscription basis. It is an outsourcing model for the virtual network services across the Internet. The dominant service providers offer necessary network hardware for the end users on the subscription basis, which is cost-effective and provides complete network solution.
Global Network-as-a-Service Market is expected to grow at a CAGR of 40.7% during the forecast period.
Cloud deployment solutions allow enterprises to focus on their core competencies and strategic goals. With the appropriate use of NaaS offering, organizations can enhance the performance of their cloud applications
Software-defined networking (SDN) is decoupling of the network control logic from the devices performing the function, such as routers, which control the movement of information in the underlying network. This approach simplifies the management of infrastructure, which may be specific to one organization or partitioned to be shared among several.
In the present cloud computing scenario, most of the companies are adopting cloud services and allowing access to more remote users and devices compared to the past
Enterprise customers demands from communication service providers (CSPs) are high and rapidly evolving. Network as a Service (NaaS) is an exciting new opportunity for CSPs to offer the crucial enterprise segment.
Cloud technology help employees to access the system and application from home. People staying at home has increased the usage of the internet. This has surged the demand for high-speed network connection and witnessed a positive impact on the industry.
The technology services segment dominated the market with around 57.4% share in 2021, with market valued at around US$ 8,970.1 Mn in 2021.
The wide area network services dominated the market with around 36.1% share in 2021. An increasing need to have a superior quality, security, and simplify cloud-based internet connectivity is expected to drive the WANaaS type in the Network as a Service Market.
Cloud-based services segment is projected to grow at the fastest CAGR of 43.7% during the forecast period.
In 2021, the share of small and medium enterprises is 37.4% of the Global Network-as-a-Service Market.
The IT & Telecommunication industry majorly uses NaaS.
North America is projected to have largest hold, with a share of around 40% in the global network-as-a-service market in 2021.
The key players are Hewlett Packard Enterprise Co., Aryaka Networks, Inc., Extreme Networks, Inc., Juniper Networks, Inc., NEC Corporation, SYNNEX Corporation, AT&T Inc., Cisco Systems Inc. IBM Corporation, and Oracle Corporation among others.