Network As A Service Market Size, Share, Trends, Growth and Forecast 2032

Network As A Service Market Insights

According to a report from Zion Market Research, the global Network As A Service Market was valued at USD 17.08 Billion in 2023 and is projected to hit USD 167.82 Billion by 2032, with a compound annual growth rate (CAGR) of 28.9% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Network As A Service Market industry over the next decade.

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The report analyzes and forecasts the network as a service market on a global and regional level. The study offers past data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The assessment of network as a service market dynamics gives a brief thought about the drivers and restraints of the network as a service market along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the network as a service market on a global level.

The report gives a transparent view of the network as a service market. We have included a detailed competitive scenario and portfolio of the leading vendors operating in the network as a service market. To understand the competitive landscape in the network as a service market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The network as a service market will grow in the future, owing to the rising use of cloud computing technology by small- and medium-sized enterprises, which are gradually moving their workloads to the cloud. The increase in data, which is being generated via various digital platforms, along with the rising trend for employee mobility has put immense pressure on the enterprise network. Therefore, enterprises are shifting to cloud, as it will help in hosting an extensive range of business applications. Cloud-based network as a service helps in deploying applications augmented by numerous network functions, such as service differentiation, virtual firewalls, and virtual routers.

The network as a service market growth is also supported by the widespread acceptance of network virtualization technologies, such as network functions virtualization and software-defined networking. This will provide a platform for NaaS and allow enterprises to sell their network services to customers on subscription basis. The rising necessity of low-latency along with high-performance infrastructure, redundancy and data security, shared cost model are stimulating the cloud computing market globally, thus propelling the network as a service market. However, the sluggish adoption of cloud technology owing to security-related issues in organizations using cloud technology may restrain the network as a service market.

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The study provides a crucial view of the network as a service market by segmenting it based on deployment, solution, enterprise, end-use industry, and region. All the segments of network as a Service Market have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

Network As A Service Market: Report Scope

Network As A Service Market: Regional Analysis

North America is anticipated to lead the network as a service market globally, owing to the extensive research and development in technology regarding the expansion of network. Moreover, owing to the presence of developed counties in the region, the demand for network as a service will experience boost along with the rising service demand by industrial and private sectors.

Network As A Service Market: Competitive Players

Some key players of the network as a service market are:

• Akamai
• Aerohive
• Amazon Web Services
• ALE
• AT&T
• Aryaka
• Ciena
• Brocade
• Citrix
• Cisco.

This report segment the global network as a service market into:

Global Network As A Service Market: Component Analysis

• Hardware

• Server
• Storage Components
• Networking Peripherals

• Software

• Applications
• Collaboration Tools
• Dashboards
• Business Intelligence

Global Network As A Service Market: Professional Analysis

• Consulting Support Services
• Training Support Services
• Maintenance Support Services
• Customer/Public Portal Services
• Regulation and Compliance Services
• Others

Global Network As A Service Market: Application Analysis

• Cloud-Based Storage
• Cloud Backup and Recovery
• Cloud Security and Data Privacy
• Web-Based Applications
• High-Performance Computation (HPC) and Analytics

Global Network As A Service Market: Vertical Analysis

• BFSI
• Gaming
• Government
• Telecom and IT
• Healthcare
• Academia and Education
• Others

Global Network As A Service Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa