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Network as a Service Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Network as a Service Market- (By Component – Infrastructure Services and Technology Services; By Type – Wide Area Network Services, Local Area Network Services, and others; By Service Model – Bandwidth on demand, Cloud-based services, and others; By Enterprise Size – Small & Medium Enterprise and Large Enterprises; By End User Industry - Banking, Financial Services and Insurance (BFSI), Government & Public Sector and others; and By Region) - Industry Dynamics, Market Size, Opportunity and Forecast to 2027

  • Published On: 18-Jan-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0122122
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Network as a Service Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 15,326.9 Mn
Expected Revenue in 2027US$ 1,18,709.3 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR40.7%
Segments coveredComponent, Type, Model, Size, End-user, and Region
Key CompaniesHewlett Packard Enterprise Co., Telstra Corporation Limited, VMware, Inc., AT&T Inc., and other prominent players
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

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.