May 26, 2024
ICT

Network as a Service Market Size to Rise USD 192.3 Bn by 2033

The network as a service market size is poised to grow by USD 192.3 billion by 2033, from USD 14 billion in 2023, exhibiting a CAGR of 30% during the forecast period 2024 to 2033. 

Key Takeaways

  • North America contributed 42% of the share in the network as a service market in 2023.
  • Asia-Pacific is estimated to expand the fastest CAGR between 2024 and 2033.
  • By type, the WAN as a service segment held the largest market share of 53% in 2023.
  • By type, the LAN as a service segment is anticipated to grow at a remarkable CAGR of 18.7% between 2024 and 2033.
  • By enterprise type, the large enterprise segment generated over 56% of the market share in 2023.
  • By enterprise type, the small and medium-sized enterprise segment is expected to expand at the fastest CAGR over the projected period.
  • By end-user, the corporate customers segment generated over 59% of the market share in 2023.
  • By end-user, the individual customers segment is expected to expand at the fastest CAGR over the projected period.

Network as a Service Market Size 2024 to 2033

The Network as a Service (NaaS) market is witnessing rapid growth, driven by the increasing adoption of cloud-based services and the demand for flexible and scalable networking solutions. NaaS provides organizations with the capability to outsource various networking functions, including virtual network infrastructure, bandwidth management, and network security, on a subscription basis. This approach offers businesses the agility to adapt to changing network requirements without significant upfront investments in hardware or infrastructure.

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Growth Factors:

Several factors contribute to the growth of the NaaS market. Firstly, the rising trend of digital transformation among enterprises necessitates more agile and cost-effective networking solutions, driving the adoption of NaaS models. Additionally, the proliferation of Internet of Things (IoT) devices and the emergence of 5G networks are fueling the demand for scalable and efficient network infrastructure, further boosting the NaaS market. Moreover, the increasing preference for software-defined networking (SDN) and network function virtualization (NFV) technologies is driving the adoption of NaaS solutions, as they offer greater flexibility, automation, and control over network resources.

Network as a Service Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 30%
Global Market Size in 2023 USD 14 Billion
Global Market Size by 2033 USD 192.3 Billion
U.S. Market Size in 2023 USD 4.12 Billion
U.S. Market Size by 2033 USD 57 Billion
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Type, By Enterprise Type, and By End-user
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: AI Camera Market Size to Reach USD 67.41 Billion by 2033

Opportunities

The NaaS market presents significant opportunities for service providers and enterprises alike. For service providers, offering NaaS solutions enables them to diversify their portfolio, capture new revenue streams, and enhance customer loyalty through value-added services. Moreover, as organizations continue to prioritize digitalization and remote work, there is a growing demand for secure and reliable networking solutions, presenting a ripe opportunity for NaaS providers to capitalize on. Additionally, the integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) into NaaS platforms opens up opportunities for delivering predictive analytics, network optimization, and enhanced security features.

Challenges

Despite its promising growth prospects, the NaaS market faces several challenges. One key challenge is security concerns surrounding the transmission and storage of sensitive data over third-party networks. Addressing these concerns requires robust encryption protocols, stringent access controls, and compliance with industry regulations. Additionally, interoperability issues between different NaaS platforms and legacy networking systems may hinder seamless integration and migration for enterprises. Furthermore, the complexity of implementing and managing NaaS solutions, especially for organizations with diverse network environments and stringent performance requirements, poses a challenge in terms of deployment and operational efficiency. Overcoming these challenges will be crucial for unlocking the full potential of the NaaS market and ensuring its sustainable growth.

Network as a Service Market Companies

  • Cisco Systems, Inc.
  • Juniper Networks, Inc.
  • VMware, Inc.
  • Aryaka Networks, Inc.
  • Megaport Limited
  • AT&T Inc.
  • IBM Corporation
  • Oracle Corporation
  • Ciena Corporation
  • Comcast Business
  • Alcatel-Lucent Enterprise
  • Masergy Communications, Inc.
  • Verizon Communications Inc.
  • GTT Communications, Inc.
  • Silver Peak Systems, Inc.

Data Sources and Methodology

To gather comprehensive insights on the Global Network as a service Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Network as a service Market.

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Market Segmentation:

By Type

  • WAN as a Service
  • LAN as a Service

By Enterprise Type

  • Small and Medium-sized Enterprise
  • Large Enterprise

By End-user

  • Corporate Customers
  • Individual Customers

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Reasons to Consider Purchasing the Report:

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  • Benefit from in-depth research and analysis of the latest trends shaping the global Network as a service market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Network as a service market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global Network as a service market but also the strategic plans of industry leaders.

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Network as a Service Market 

5.1. COVID-19 Landscape: Network as a Service Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Network as a Service Market, By Type

8.1. Network as a Service Market, by Type, 2024-2033

8.1.1 WAN as a Service

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. LAN as a Service

8.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Network as a Service Market, By Enterprise Type

9.1. Network as a Service Market, by Enterprise Type, 2024-2033

9.1.1. Small and Medium-sized Enterprise

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Large Enterprise

9.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Network as a Service Market, By End-user 

10.1. Network as a Service Market, by End-user, 2024-2033

10.1.1. Corporate Customers

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Individual Customers

10.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global Network as a Service Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Type (2021-2033)

11.1.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.1.3. Market Revenue and Forecast, by End-user (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Type (2021-2033)

11.1.4.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.1.4.3. Market Revenue and Forecast, by End-user (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Type (2021-2033)

11.1.5.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.1.5.3. Market Revenue and Forecast, by End-user (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Type (2021-2033)

11.2.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.2.3. Market Revenue and Forecast, by End-user (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Type (2021-2033)

11.2.4.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.2.4.3. Market Revenue and Forecast, by End-user (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Type (2021-2033)

11.2.5.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.2.5.3. Market Revenue and Forecast, by End-user (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Type (2021-2033)

11.2.6.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.2.6.3. Market Revenue and Forecast, by End-user (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Type (2021-2033)

11.2.7.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.2.7.3. Market Revenue and Forecast, by End-user (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Type (2021-2033)

11.3.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.3.3. Market Revenue and Forecast, by End-user (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Type (2021-2033)

11.3.4.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.3.4.3. Market Revenue and Forecast, by End-user (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Type (2021-2033)

11.3.5.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.3.5.3. Market Revenue and Forecast, by End-user (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Type (2021-2033)

11.3.6.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.3.6.3. Market Revenue and Forecast, by End-user (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Type (2021-2033)

11.3.7.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.3.7.3. Market Revenue and Forecast, by End-user (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Type (2021-2033)

11.4.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.4.3. Market Revenue and Forecast, by End-user (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Type (2021-2033)

11.4.4.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.4.4.3. Market Revenue and Forecast, by End-user (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Type (2021-2033)

11.4.5.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.4.5.3. Market Revenue and Forecast, by End-user (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Type (2021-2033)

11.4.6.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.4.6.3. Market Revenue and Forecast, by End-user (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Type (2021-2033)

11.4.7.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.4.7.3. Market Revenue and Forecast, by End-user (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Type (2021-2033)

11.5.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.5.3. Market Revenue and Forecast, by End-user (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Type (2021-2033)

11.5.4.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.5.4.3. Market Revenue and Forecast, by End-user (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Type (2021-2033)

11.5.5.2. Market Revenue and Forecast, by Enterprise Type (2021-2033)

11.5.5.3. Market Revenue and Forecast, by End-user (2021-2033)

Chapter 12. Company Profiles

12.1. Cisco Systems, Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Juniper Networks, Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. VMware, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Aryaka Networks, Inc.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Megaport Limited

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. AT&T Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. IBM Corporation

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Oracle Corporation

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Ciena Corporation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Comcast Business

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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