India Network As A Service (NaaS) Market Is Expected To Register A Steady CAGR During The Forecast Period
Growing
data consumption has spurred the need to storage and process data efficiently,
which is expected to propel the India network as a service (NaaS) market
between 2025 and 2029.
According
to TechSci Research report “Network as a Service (NaaS) Market – India
Industry Size, Share, Trends, Opportunity and Forecast, 2019–2029,” the
India Network as a Service (NaaS) Market is anticipated to register a robust
growth during the forecast period, 2025-2029. Network complexity, low bandwidth
is a country concern, and it is quickly becoming a priority for the India
government. The growing adoption of smart devices has spurred the need for
technological innovation and the trend of users toward cloud-managed network
services. With rising government investment to provide 5G services,
revolutionizing digital in rural India are the primary reasons that are
expected to dramatically increase the demand for NaaS in India. Furthermore,
the rapid adoption of cloud and digital transformation by companies will
expedite the demand for NaaS in India during the forecast period.
NaaS
aids in reducing IT costs of operations, infrastructure, maintenance, software,
and hardware. NaaS vendors provide expertise that aids businesses in achieving
zero-ticket experience. Moreover, the increase in smartphone users and the rise
in the need for data and high bandwidth capacity are driving the India network
as a service (NaaS) market. India's data center industry is expanding rapidly
in the age of digitization. The nation is ideally positioned to serve as a hub
for data centers specializing in cloud computing technologies, including
artificial intelligence, machine learning, and advanced analytical techniques.
Furthermore, rising usage of big data solutions, IoT, and cloud-based
solutions, among other things, are predicted to drive market expansion through
2028. Measures taken by the government, such as the classification of data
centers as infrastructure assets and Digital India projects are likely to
generate attractive prospects for market growth through 2028.
Since
the COVID-19 pandemic has started, the pace of digital transformation has
accelerated which has pushed every enterprise to re-evaluate their existing
network setups. Due to the intended benefits of lower costs and improved
scalability, flexibility, and security, several enterprises have adopted NaaS
in the Indian Market. Moreover, the pandemic has brought about tension on
networks because of frameworks being at various areas. There has been an
expansion in NaaS, which has been done as such to decrease the intricacy.
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The
India network as a service (NaaS) Market is divided based on type, service, and
end-user industries. Based on type, the market is further bifurcated into
WAN-as-a-service and LAN-as-a-service. Based on service, the market is
segmented into bandwidth on demand (BoD), wide area network (WAN), and virtual
private network (VPN). Based on end-user industries, the market is further segmented
into IT & telecom, BFSI, healthcare, retail & e-commerce, and others
(government, education etc.)
Based
on the service, the bandwidth on demand (BoD) showcased the lucrative market
growth in 2022 due to the growing utilization of business-oriented applications
in industries such as manufacturing, healthcare, government, and many more for
gratifying customer objectives. This allows the implementation of a NaaS
adjustable network capacity with bandwidth on demand (BoD) enabling the network
to ride out surge in usage without performance degradation by overcoming the
bandwidth.
Based
on the type, the WAN-as-a-service is expected to dominate the market during the
forecast period. It is a cloud-based wide area network (WAN) model intended to
replace traditional WANs that rely on hardware. WAN-as-a-service replaces
hardware appliances delivered via the cloud. A vertical can configure WAN with
a simple internet connection and software. WAN-as-a-service is a specialized
managed service suitable for large to medium-sized businesses as it enables
rapid deployment, optimizes user productivity and experience, and reduces
costs.
Based
on end-user industries, the market is further segmented into IT & telecom,
BFSI, healthcare, retail & e-commerce, and others (government, education
etc.). The IT & telecom industry is expected to dominate the market during
the forecast period. This growth is due to increased use cases and adoption of
cloud services and IT infrastructure. Network infrastructure plays a vital role
in the IT and telecom industry as it minimizes the digital divide by providing
fast network services, addressing bandwidth constraints at an affordable price.
High-speed internet access is made possible by sharing active and passive
infrastructure, allowing customers to profitably expand the network. NaaS
solutions are key building blocks for 5G networks, and the telecom industry is
expected to witness significant adoption of the NaaS platform.
Key
market players in the India network as a service (NaaS) market include:
- Wipro
private Limited
- Verizon
Communications India Private Limited
- Cisco
Systems India Private Limited
- NEC
Corporation India Private Limited
- Oracle
Corporation
- Akamai
Technologies India Pvt Ltd.
- Tata
Communications Limited
- Palo
Alto Networks (India) Pvt. Ltd.
- Cloudflare
India Private Limited
- Amdocs
Development Centre India Llp
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“West,
being the largest residing populated region holds the largest market share of
data centers, benefiting from the presence of a landing station, submarine
cable connectivity in the India network as a service (NaaS) market. The
introduction of 5G networks and cloud services will strengthen the region's
digital economy and increase demand for high-bandwidth networking
infrastructure. For instance, in February 2023, Bank of Maharashtra (BOM)
announced the launch of its own private cloud platform as part of its
high-performance cloud capabilities for digital infrastructure and hosting
applications of the bank in India. In addition, the huge volume of internet
traffic and the presence of several cloud services providers are further
attributing to the market growth. Major corporations such as Amazon Web
Services, Adani Group, Oracle, Reliance Industries-Microsoft, Yotta
Infrastructure, and Blackstone's Lumina CloudInfra are building data centers in
major cities, including Mumbai and Chennai as a result of investments from
colocation providers. In addition, an important factor in the expansion of the
India network as a service (NaaS) market has been the introduction of the
cybersecurity-related data localization law, which mandates operators and
enhances Network as a Service (NaaS) in the country.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
India
Network as a Service (NaaS) Market by Type (WAN-as-a-service,
LAN-as-a-service), By Service (Bandwidth on Demand (BoD), Wide Area Network
(WAN), Virtual Private Network (VPN)), By End User Industry (IT & Telecom,
BFSI, Healthcare, Retail & E-Commerce, Others (Government, Education
etc.)), By Region, Competition, Forecast & Opportunities, 2028 has evaluated the future growth
potential of the India network as a service (NaaS) market and provides
statistics & information on market size, structure, and future market
growth. The report's goal is to give current market knowledge and assist
decision makers in making informed investment decisions. Furthermore, the study
identifies and analyzes emerging trends, as well as key drivers, challenges,
and opportunities in the India network as a service (NaaS) market.
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