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Network-as-a-Service Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Network-as-a-Service Market: By Component (Infrastructure Services and Technology Services); Type (Wide Area Network Services, Local Area Network Services, and others); Service Model (Bandwidth on demand, Cloud-based services, and others); Enterprise Size (Small & Medium Enterprise and Large Enterprises); End User Industry (Banking, Financial Services and Insurance (BFSI)), Government & Public Sector and others; and Region)—Industry Dynamics, Market Size, Opportunity and Forecast Till 2031

  • Published Date: Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0122122  | Delivery: 2 to 4 Hours
Network as a Service Market

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Report AttributeDetails
Market Size Value in 2022US$ 20.8 Bn
Expected Revenue in 2031US$ 465.2 Bn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
Segments coveredBy Component, By Type, By Service Model, By Enterprise Size, By End-user, By Region
Key Companies                                                                             Aryaka Networks, Inc., Ciena Corporation, Extreme Networks, Global Cloud Xchange, Juniper Networks, Inc., NEC Corporation, Silver Peak Systems, Inc., SYNNEX Corporation, Telstra Corporation Limited, VMware, Inc., AT&T Inc., Verizon, Cisco Systems Inc., IBM Corporation, Oracle Corporation, Other Prominent Players
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Global Network-as-a-Service Market is expected to grow at a CAGR of 40.7% during the forecast period 2023-2031.

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 2022, with market valued at around US$ 8,970.1 Mn in 2022.

Cloud-based services segment is projected to grow at the fastest CAGR of 43.7% during the forecast period. 

In 2022, 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 2022. 

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.