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

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.

Report Summary

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

• The technology services segment dominated the market with around 57.4% share in 2021.
• The wide area network services segment is estimated to have the highest market share in 2021. However, the enhanced mobile services segment is projected to grow at the fastest CAGR of 45.2% during the forecast period.
• The cloud-based services segment is projected to grow at the fastest CAGR of 43.7% during the forecast period.
• The large enterprise segment is estimated to have the highest market share of 55.4% in 2021. However, the small & medium enterprise segment is projected to grow at the fastest CAGR of 43.7% during the forecast period.
• North America is projected to have the largest hold, with a share of around 40% in the global network-as-a-service market in 2021. In North America, the US majorly contributes to the market growth in the region.
• COVID-19 has had a positive impact on the global network-as-a-service market, and the market is expected to witness a growth of approx. 29.5% post the outbreak of the COVID-19 pandemic.

Competitive Landscape

• Hewlett Packard Enterprise Co. focuses on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge to cloud.
• Juniper Networks, Inc. provides Internet infrastructure solutions for internet service providers and other telecommunications service providers.
• Telstra Corporation Limited is full-service telecommunication, information services, and network platform company that competes in all telecommunications markets throughout Australia.
• VMware, Inc. provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally.
• AT&T Inc. is a technology company. The Company operates its business across four segments, namely communication, warner media, Latin America, and Xander.
• Cisco Systems Inc. is a computer networking company. It is a global professional services company with leading capabilities in digital, cloud, and security.
• IBM Corporation is a US-based company engaged in information technology and service.
• Oracle Corporation is a US-based company engaged in information technology and service. The company’s Cloud Infrastructure offers higher performance, security, and cost savings.

Segmentation Overview

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:

• Infrastructure services
• Technology services

Type Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:

• Wide Area Network Services
• Local Area Network Services
• Wireless as a Service (WaaS)
• Enhanced Mobile Services
• Voice as a Service (VaaS)
• Security as a Service (SaaS)

Service Model Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:

• Bandwidth on demand
• Cloud-based services
• Integrated Network Security as a Service
• Virtual Private Network
• Wide-area network

Enterprise Size Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:

• Small & Medium Enterprise
• Large Enterprises

End-user Industry Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:

• Banking, Financial Services, and Insurance (BFSI)
• Government & Public Sector
• Healthcare
• IT & Telecommunication
• Manufacturing
• Retail & E-commerce
• Others

By Region Segment of the Global Network-as-a-Service (NaaS) Market is Sub-Segmented into:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America