Network as a Service Market Analysis by Size 2023-2028, CAGR-32.3%, Platform, Range and Regional Outlook

The rise in cloud services adoption across various industries represents one of the key factors driving the growth of the global network as a service market.

BROOKLYN, NY, USA, July 21, 2023/EINPresswire.com/ — According to IMARC Group’s latest report, titled “Network as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ The study provides a detailed analysis of the industry, including the global network as a service market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Network as a Service Market?

The global network as a service market size reached US$ 14.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 77.6 Billion by 2028, exhibiting a growth rate (CAGR) of 32.3% during 2023-2028.

Request a Free PDF Sample of the Report:  https://www.imarcgroup.com/network-as-a-service-market/requestsample

What is Network as a Service?

Network as a service (NaaS) is a business model where network services are provided to customers over the Internet on a subscription basis. Rather than investing in extensive network infrastructure, organizations can use NaaS to deploy network services like Wide Area Networking (WAN), Unified Communications (UC), or Security as a Service (SECaaS), among others. NaaS offers are scalable, allowing businesses to adjust their network services according to their needs. The model’s cloud-based nature allows businesses to reduce their capital expenditure on network hardware and delegate maintenance responsibilities to the service provider, converting them into operational expenses. This approach offers flexibility and agility, as companies can quickly implement network changes or expansions. NaaS also facilitates the integration of multiple locations and provides access to the latest networking technology. Moreover, it enhances security, as service providers typically have robust security measures in place.

What are the growth prospects and trends in the Network as a Service industry?

The rise in cloud services adoption across various industries represents one of the key factors driving the growth of the global network as a service market. Businesses moving their operations to the cloud often opt for NaaS to streamline their network management. NaaS models reduce the need for significant upfront investments in network infrastructure. Businesses only pay for the network resources they use, which helps them manage costs efficiently. The ability to easily scale network services up or down based on demand is a significant driver for NaaS adoption. Businesses adjust their network capacities based on their current requirements. As businesses undergo digital transformation, they require robust and flexible network services, which NaaS provide. The rise of remote work and distributed teams necessitates reliable, secure, and scalable network services, which are fueling the demand for NaaS solutions. The growth of Internet of Things (IoT) devices and edge computing necessitates more advanced network solutions, which is driving businesses towards NaaS. Other factors, including enhanced security, and the emergence of technologies like software-defined networking (SDN) and network functions virtualization (NFV), are creating a positive outlook for the market across the globe.

Who are the key players operating in the industry?

The report covers the major market players including: 

Akamai Technologies Inc.
AT&T Inc.
Broadcom Inc.
Ciena Corporation
Cisco Systems Inc.
GTT Communications Inc.
Hewlett Packard Enterprise Development LP
International Business Machines Corporation
Juniper Networks Inc.
Nokia Corporation
Oracle Corporation
Telstra Corporation Limited
Verizon Communications Inc.
VMware Inc.
Dell Technologies Inc.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

LAN-as-a-Service
WAN-as-a-Service

Breakup by Application:

Cloud-based Services
Bandwidth on Demand
Integrated Network Security-as-a-Service
Wide Area Network
Virtual Private Network

Breakup by End Use Industry:

Healthcare
BFSI
Retail and E-Commerce
IT and Telecom
Manufacturing
Transportation and Logistics
Public Sector

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4762&flag=E

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here