Enjoy complimentary customisation on priority with our Enterprise License!
The network as a service market size is forecast to increase by USD 19.99 billion between 2022 and 2027, accelerating at a CAGR of 19.9%. In 2017, the US held the largest market share, projecting an annual revenue of USD 1.76 billion. The report offers extensive research analysis on the Network as a Service Market, with a categorization based on End-user, including IT and telecom, BFSI, Manufacturing, Healthcare, and Retail and others. It further segments the market by Type, encompassing WAN as a service and LAN as a service. Additionally, the report provides geographical segmentation, covering North America, Europe, APAC, South America, and Middle East and Africa. Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
To learn more about this report, Download Report Sample
The global Network as a Service market is on the rise due to the growing adoption of cloud services by businesses. This is driven by increased technology use and a rising preference for cloud-based solutions, which offer easy remote data access. Enterprises, both large and small, are recognizing the cost-saving benefits of transitioning their data to the cloud instead of maintaining on-premise infrastructure.
In 2022, over 60% of corporate data was already in the cloud, and this trend is expected to continue as companies prioritize security, reliability, and business agility. Key sectors like banking are expected to increasingly embrace cloud-based services, boosting the NaaS market's growth in the forecast period.
IT and Telecom Segment Holds the Largest Market Share
The IT and Telecom segment was valued at USD 1.72 billion in 2017 and continued to grow by 2021. Factors such as the proliferation of business services, the demand for improved customer experience, and the need for regulatory compliance requirements are increasing the adoption of network-as-a-service solutions by IT and telecom companies.
Telecommunications companies are seeing a significant increase in data volumes due to the increased adoption of cloud computing applications and increased use of smartphones and IoT-based connected devices. Companies use network-as-a-service solutions to leverage data for churn forecasting, prospect segmentation, revenue forecasting, fraud detection, and pricing suggestions. Thus, companies can deliver a high level of service to more informed and demanding customers. Such factors are boosting the market growth.
North America is estimated to contribute 36% to the growth of the global market during the forecast period. North America has a highly developed telecommunication infrastructure, further driving the demand for network as a service. The region is home to some of the largest technology companies in the world, including Cisco Systems Inc and International Business Machines Corp, which are major players in the network as a service market. The increasing demand for network management solutions that can support the digital transformation initiatives of organizations is propelling market growth.
Companies invest heavily in digital technologies to improve business operations and deliver better customer experiences. Network as a service solution plays a crucial role in enabling the seamless integration of these technologies into the existing IT infrastructure. Thus, the expanding IT infrastructure will positively impact the growth of the regional network as a service market during the forecast period.
To understand geographic trends Download Report Sample
The Network as a Service Market is fragmented in nature. Some significant players include Akamai Technologies Inc., AppsFlyer Ltd., Cisco Systems Inc., DATADOME group, Forter Ltd.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Human Security Inc., Imperva Inc., InfiSecure Technologies Inc., Intechnica Ltd., Kasada Pty Ltd., Microsoft Corp., Nokia Corp., Oracle Corp., Pixalate Europe Ltd., Reblaze Technologies Ltd., Shape Software Inc., Six Dee Netad Solutions Pvt. Ltd., Stealth Network Services, Telstra Ltd., The Drupal Association, Variti International GmbH, and VMware Inc.
The network as a service market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Network As A Service Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.9% |
Market growth 2023-2027 |
USD 19.99 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
19.17 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key countries |
US, China, UK, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Akamai Technologies Inc., AppsFlyer Ltd., Cisco Systems Inc., DATADOME group, Forter Ltd., Human Security Inc., Imperva Inc., InfiSecure Technologies Inc., Intechnica Ltd., Kasada Pty Ltd., Microsoft Corp., Nokia Corp., Oracle Corp., Pixalate Europe Ltd., Reblaze Technologies Ltd., Shape Software Inc., Six Dee Netad Solutions Pvt. Ltd., Stealth Network Services, Telstra Ltd., The Drupal Association, Variti International GmbH, and VMware Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.