April 21, 2024
ICT

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

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.

Network as a Service Market Size 2024 to 2033

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.

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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

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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