Network as a Service Market: Global Outlook 2029 & Growth, and Key Trends.

Network as a Service Market was valued at US$ 21.52 Bn. in 2022 and is expected to reach US$ 234.98 Bn. by 2029, at a CAGR of 40.7% during a forecast period.

Network as a Service Market Overview:

NaaS is a cloud architecture that allows customers to simply manage networks and accomplish the results they desire without owning, constructing, or maintaining their own infrastructure. NaaS can be used to replace hardware-based VPNs, load balancers, firewall appliances, and MPLS connections. Users can scale up and down in response to changing demand, quickly launch services, and remove hardware costs. NaaS provides the opportunity to pay for services based on usage and scale as company needs evolve. It can also monitor and manage networking services, as well as track consumption and pricing. On-demand services can be ordered, implemented, and co-managed. To provide network services to customers, NaaS employs virtualized network infrastructure. The network resources must be maintained and managed by the NaaS provider. Having a provider work for a customer reduces the customer's workload. The pay-per-use approach is also used in NaaS. Network as a Service Market To know about the Research Methodology :- Request Free Sample Report COVID 19 Impact on Network as a Service Market: The COVID 19 has an impact on 215 countries as well as the Network as a Service Market share. In order to offset the negative impact, various countries have implemented blockade measures that damage the network as a service market. The pandemic has brought various obstacles to the industry, and it has affected people all over the world. Various issues, including the risks of continuous manufacturing, supply chain, distribution, lack of labor, and a significant reduction in development work, mainly affect continuous demand and supply. People are not as active as before. Significant strategic changes are taking place. As customer demand continues to grow, multinational companies are increasing their investment in the network as a service market.

Network as a Service Market Dynamics:

The concept of telecommunications cloud basically refers to the transformation of modern telecommunications companies from basic fixed telephone services to advanced cloud computing services, which will surely enable them to use network resources accurately. The concept of network as a service will help enterprises obtain the IT optimization advantages of modern cloud computing (lower cost, higher flexibility and higher accuracy), and mainly take advantage of the latest business opportunities (such as the modern interface of SingTel Cloud). The basic nature of the modern communications industry and its strictly regulated and nurtured market has accelerated a strong local presence, which provides a good foundation for global companies and customers. With the growing relevance of current cloud computing in numerous communications industries across application fields, better information can be readily moved from on-premise to specific on-cloud to greatly benefit the end-user by connecting them to their critical data on the server. One of the significant issues of the NaaS industry is the lack of security for cloud-based network connectivity, which is preventing NaaS solutions from being used across numerous industrial verticals. Security is a major consideration for businesses when deciding between cloud-based and on-premises systems. Because of network complexities and complicated applications, NaaS solutions are facing synchronizing challenges. As a result, outsourcing network connectivity can cause concerns with corporate security. The COVID-19 outbreak has drastically slowed the growth of the Network as a Service Market Trends. Companies' profit margins have been declining as a result of mandatory closures of consumer marketplaces and factories around the world. Customers can expect complete openness from NaaS service providers. They promote and provide programmers and services while adhering to established standards and best service-delivery practices. It becomes increasingly difficult for vendors to keep up with continually changing technology and government requirements as technologies progress. Challenges of NaaS: 1. Compatibility: With the legacy system, NaaS infrastructure is not compatible and that are still in place of older headwear, and on premise applications. 2. Legacy data centers: In many companies the process are running in on-premise data center, they are not storing data on cloud. This is helpful for migrating NaaS model with the help of interconnected network such as Cloud flare. 3. Vendor lock-in: when an organization is switches to the cloud service, it runs the risk of becoming relevant service provider. This service provider infrastructure are fails or if suddenly enterprises rise there cost, at that time the vendor lock in helpful for giving high result. Industry Background: The operation and setup of routers and other networking devices, such as WAN endpoints and firewalls, get more difficult as the number of linked endpoints grows. This raises the bar for a business model in which these duties are performed by a third party and made available to customers. Organizations can improve the performance of their cloud applications by making proper use of NaaS offerings. Large enterprises, as well as small and medium-sized businesses (SMBs), are increasingly using these services to cut expenses associated with the acquisition of new equipment and IT staff training.

Network as a Service Market Segment Analysis:

Based On type, Bandwidth on Demand (BoD) segment held largest market share of xx% in 2022. because of the increasing use of business-oriented apps in industries such as healthcare, manufacturing, government, and retail To satisfy corporate objectives, such apps necessitate increased levels of connectivity and capacity. This allows the implementation of a NaaS paradigm, which will support BoD services and help organisations to overcome bandwidth silos and satisfy the needs of bandwidth-intensive applications. For example, the healthcare sectors increased reliance on mobile and cloud technology to access real-time data and support clinical applications is driving up demand for BoD services. Network as a Service Market Based on End User, BFSI segment held largest market share of xx% in 2022. Consumers' rising technical awareness has pushed BFSI institutes to become more technologically proficient and provide on-the-go financial services to them. The banking industry is concerned with the security of financial data. As most providers offer highly secure SD-WAN and Wi-Fi services to consumers, the adoption of the NaaS model has begun to grow in the BFSI end-user segment. Due to the necessity for greater security, this end-user segment has traditionally installed its network infrastructure on its premises.

Regional Insight:

The North America region held largest market share of xx% in 2022. The region is undergoing a dramatic transformation in terms of the use of new technology across many sectors. Enterprises in the region were among the first to implement NaaS technologies such as LAN, WAN, and Wi-Fi. The region's economies are stable and well-established, allowing it to engage heavily in R&D activities and hence contribute to the creation of novel technologies in the network service provider era. Cloud computing penetration, modern IT infrastructure, and a greater concentration of network virtualization solution manufacturers are projected to increase NaaS adoption in the region. The increased demand for high-performance computing infrastructure has boosted the demand for virtualized computing environments. Cloud platforms are being adopted by technology businesses and telecom service providers in order to minimize personnel expenses. This will encourage the deployment of NaaS by removing the need for them to manage their complex network infrastructure. Recent Developments: Verizon will offer a new SDN and NFV service in March 2022 that will enable organisations to shift to a virtual infrastructure architecture, delivering greater agility and on-demand resources. Verizon will extend its strategic alliance with Cisco in February 2022 by introducing three new SD-WAN managed service options. BNP Paribas has chosen Orange Business Services to deliver an SD-WAN solution in its more than 1,800 branches across France in January 2022. The objective of the report is to present a comprehensive analysis of the Network as a Service market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Network as a Service market dynamics, structure by analyzing the market segments and projects the Network as a Service market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Network as a Service market make the report investor’s guide.

Network as a Service Market Scope: Inquiry Before Buying

Network as a Service Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 21.52 Bn.
Forecast Period 2023 to 2029 CAGR: 40.7% Market Size in 2029: US $ 234.98 Bn.
Segments Covered: by Type LAN-as-a-Service WAN-as-a-Service Bandwidth on Demand (BoD)
by Component Infrastructure Services Technology Services
by Application Virtual Private Network Wide-area network Cloud-based services Bandwidth on demand Integrated Network Security as a Service
by End-User  BFSI Manufacturing Automotive Retail and eCommerce Telecom and IT Others

Network as a Service Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)

Key Players are:

1.IBM 2.Oracle 3.Cisco 4.Verizon 5.AT&T 6.VMware 7.DXC 8.HPE 9.SYNNEX 10.Juniper Networks 11.NEC Corporation 12.Ciena Corporation 13.Aryaka Networks 14.Arista 15.Extreme Networks 16.Meta Networks 17.GTT 18.Masergy 19.Telstra 20.Silver Peak Systems 21.Global Cloud Xchange 22.NETSCOUT 23.CenturyLink Frequently Asked Questions: 1. Which region has the largest share in Network as a Service Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Network as a Service Market? Ans: The Network as a Service Market is growing at a CAGR of 40.7 % during forecasting period 2023-2029. 3. What segments are covered in Network as a Service market? Ans: Network as a Service Market is segmented into type, component, application, end user and region. 4. Who are the key players in Network as a Service market? Ans: The important key players in the Network as a Service Market are – IBM , Oracle, Cisco , Verizon , AT&T , VMware , DXC, HPE, SYNNEX , Juniper Networks , NEC Corporation, Ciena Corporation, Aryaka Networks , Arista , Extreme Networks, Meta Networks , GTT. 5. What is the study period of this market? Ans: The Network as a Service Market is studied from 2022 to 2029.
1. Global Network as a Service Market: Research Methodology 2. Global Network as a Service Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Network as a Service Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Network as a Service Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Network as a Service Market Segmentation 4.1. Global Network as a Service Market, by Type (2022-2029) • LAN-as-a-Service • WAN-as-a-Service • Bandwidth on Demand (BoD) 4.2. Global Network as a Service Market, by Component (2022-2029) • Infrastructure Services • Technology Services 4.3. Global Network as a Service Market, by Application (2022-2029) • Virtual Private Network • Wide-area network • Cloud-based services • Bandwidth on demand • Integrated Network Security as a Service 4.4. Global Network as a Service Market, by End user (2022-2029) • BFSI • Manufacturing • Automotive • Retail and eCommerce • Telecom and IT • Others 5. North America Network as a Service Market(2022-2029) 5.1. North America Network as a Service Market, by Type (2022-2029) • LAN-as-a-Service • WAN-as-a-Service • Bandwidth on Demand (BoD) 5.2. North America Network as a Service Market, by Component (2022-2029) • Infrastructure Services • Technology Services 5.3. North America Network as a Service Market, by Application (2022-2029) • Virtual Private Network • Wide-area network • Cloud-based services • Bandwidth on demand • Integrated Network Security as a Service 5.4. North America Network as a Service Market, by End user (2022-2029) • BFSI • Manufacturing • Automotive • Retail and eCommerce • Telecom and IT • Others 5.5. North America Network as a Service Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Network as a Service Market (2022-2029) 6.1. European Network as a Service Market, by Type (2022-2029) 6.2. European Network as a Service Market, by Component (2022-2029) 6.3. European Network as a Service Market, by Application (2022-2029) 6.4. European Network as a Service Market, by End user (2022-2029) 6.5. European Network as a Service Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Network as a Service Market (2022-2029) 7.1. Asia Pacific Network as a Service Market, by Type (2022-2029) 7.2. Asia Pacific Network as a Service Market, by Component (2022-2029) 7.3. Asia Pacific Network as a Service Market, by Application (2022-2029) 7.4. Asia Pacific Network as a Service Market, by End user (2022-2029) 7.5. Asia Pacific Network as a Service Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Network as a Service Market (2022-2029) 8.1. Middle East and Africa Network as a Service Market, by Type (2022-2029) 8.2. Middle East and Africa Network as a Service Market, by Component (2022-2029) 8.3. Middle East and Africa Network as a Service Market, by Application (2022-2029) 8.4. Middle East and Africa Network as a Service Market, by End user (2022-2029) 8.5. Middle East and Africa Network as a Service Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Network as a Service Market (2022-2029) 9.1. Latin America Network as a Service Market, by Type (2022-2029) 9.2. Latin America Network as a Service Market, by Component (2022-2029) 9.3. Latin America Network as a Service Market, by Application (2022-2029) 9.4. Latin America Network as a Service Market, by End user (2022-2029) 9.5. Latin America Network as a Service Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. IBM 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Oracle 10.3. Cisco 10.4. Verizon 10.5. AT&T 10.6. VMware 10.7. DXC 10.8. HPE 10.9. SYNNEX 10.10. Juniper Networks 10.11. NEC Corporation 10.12. Ciena Corporation 10.13. Aryaka Networks 10.14. Arista 10.15. Extreme Networks 10.16. Meta Networks 10.17. GTT 10.18. Masergy 10.19. Telstra 10.20. Silver Peak Systems 10.21. Global Cloud Xchange 10.22. NETSCOUT 10.23. CenturyLink
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