by The global network as a service market size was estimated to be around US$ 14 billion in 2023 and is projected to reach US$ 192.3 billion by 2033, indicating a CAGR of 30% from 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.
The Network as a Service (NaaS) market has witnessed substantial growth in recent years, propelled by the escalating demand for flexible and scalable networking solutions. NaaS represents a paradigm shift in how organizations manage their network infrastructure, offering a cloud-based approach that enables users to access networking resources on a pay-as-you-go model. This transformative technology is increasingly becoming a cornerstone for businesses aiming to enhance operational efficiency and adaptability in an ever-evolving digital landscape.
Get a Sample: https://www.precedenceresearch.com/sample/3740
Growth Factors:
The growth of the NaaS market is primarily driven by the increasing adoption of cloud-based services and the growing emphasis on digital transformation across industries. Organizations are recognizing the benefits of outsourcing their networking needs, allowing them to focus on core competencies while leveraging the expertise of NaaS providers. Additionally, the rising trend of remote work has intensified the demand for scalable and secure network solutions, further fueling the expansion of the NaaS market. The flexibility, cost-effectiveness, and rapid deployment capabilities associated with NaaS are key factors contributing to its accelerated growth.
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 Rise USD 67.41 Billion by 2033
Opportunities
Numerous opportunities lie ahead for the NaaS market, with the proliferation of technologies such as 5G, IoT (Internet of Things), and edge computing. The integration of these technologies with NaaS can unlock new possibilities for seamless connectivity, real-time data processing, and enhanced user experiences. As businesses continue to prioritize agility and digital resilience, NaaS providers have the opportunity to offer tailored solutions that cater to specific industry requirements. Additionally, the global expansion of businesses and the need for consistent, reliable network services present further opportunities for NaaS providers to carve out a significant market share.
Challenges
Despite the promising growth, the NaaS market faces challenges that necessitate strategic considerations. Security concerns, such as data breaches and unauthorized access, remain at the forefront as organizations entrust their critical information to external service providers. Interoperability issues and the need for standardization also pose challenges, particularly as businesses seek seamless integration between diverse networking environments. Moreover, educating enterprises about the benefits and risks associated with NaaS and overcoming resistance to change within traditional network management practices are additional hurdles that need to be addressed for sustained market expansion.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
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.
Segments Covered in the Report
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
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
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Web: https://www.precedenceresearch.com
Blog: https://www.expresswebwire.com/
