Network as a Service market place is projected of USD 42.6 Billion by-2030
Market Scenario:
The Network as a Service Market is
rapidly growing, heading with the rising adoption of cloud technology and
demand for data storage solutions and big data analytics. Network as a service
(NaaS) is a virtual networking business model used to deliver the network
service virtually through the ‘pay as you’ service or subscription model.
The Global Network as a
Service market place is projected of USD 42.6 Billion by the projected CAGR of
24.4% end of the year 2030,
With the rapid growth in
IoT technologies and on-demand network providers, the market is estimated to
perceive vast revenue growth. In this regard, Market Research Future (MRFR)
states that the global network as a service market is projected to reach
exponential heights by 2030, growing at an impressive CAGR throughout the
forecast period (2022-2030).
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Network as a Service
(NaaS) Market – Segments
The report is
segmented into types, components, deployments, end-users, and regions. The type
segment is sub-segmented into local area network (LAN) and wide area network
(WAN). The component segment is sub-segmented into infrastructure and
technology services. The sub-segment service is bifurcated as network virtual
function (NVF), WAN connection, data center, bandwidth on demand (BOD), and
others.
The
deployment segment is sub-segmented into on-cloud and on-premises. The end-user
segment is sub-segmented into IT & telecommunication, BFSI, manufacturing,
healthcare, retail, transportation, and others. The region segment is
sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Global
Network-as-a-Service Market – Regional Analysis
North America
dominates the global network as a service market. The largest market share
attributes to the presence of several notable players and the early adoption of
cloud-based deployment services in the region, driving the NaaS adoption to
re-structure business functions & strategies. Besides, the higher adoption
of NaaS across end-user industry verticals drives the growth of the
market.
Moreover,
technological advances and vast numbers of networks due to the digital
revolution across the industries influence the network as a service market
growth. The US and Canada, with their increasing NaaS applications, hold
considerable shares in the regional market. The North American NaaS market is
projected to retain its dominance throughout the estimated period.
Global NaaS Market –
Competitive Analysis
The
well-established NaaS market appears fragmented due to the presence of several
key companies. Service providers incorporate strategic initiatives such as
collaboration, mergers & acquisitions, expansion, and product launch to
gain a competitive advantage. Naas providers focus on innovations and the
development of new solutions, fueling the already intensified market
competition. Players leading
the global NaaS market include Brocade Communications Systems Inc. (US),
Alcatel Lucent (US), Ciena Corporation (US), IBM Corp. (US), Cisco Systems
(US), Juniper Networks (US), VMware (US), NEC Corp. (Japan), Aryaka Networks
Inc. (US), and AT&T (US), among others.
Industry News
Verizon
Business (the US), a leading one-stop place to manage all business
services, announced the availability of its 5G Business Internet in parts of 42 US
cities. Verizon’s 5G Businesses Internet is a fixed-wireless
Internet offering for businesses of all sizes. Besides, the 5G Business
Internet complements Verizon Business’ solutions portfolio, including 5G
mobility & 5G Edge mobile-edge computing (MEC), managed
network-as-a-service (NaaS) and support offerings, SDN, and more.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
Continued….
LIST OF TABLES
TABLE 1 GLOBAL
NETWORK AS A SERVICE MARKET, BY TYPE
TABLE 2 GLOBAL
NETWORK AS A SERVICE MARKET, BY SERVICE
TABLE 3 GLOBAL
NETWORK AS A SERVICE MARKET, BY COMPONENT
Continued….
LIST OF FIGURES
FIGURE 1 RESEARCH
NETWORK SOLUTION
FIGURE 2 GLOBAL
NETWORK AS A SERVICE MARKET: BY TYPE (%)
FIGURE 3 GLOBAL
NETWORK AS A SERVICE MARKET: BY SERVICE (%)
Continued….
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