India
network as a service (NaaS) Market is growing owning to the increasing data
consumption, which has spurred the need to storage and process data efficiently
along with rising government investment to provide NaaS. Vertical organizations
deploy network services to efficiently use resources, minimize capital
expenditures, improve service quality, and increase uptime. The rapid increase
in the number of devices that are being managed over multi and hybrid clouds
are proliferating the demand for network as a service. In addition, the growing
network complexity, increasing availability of skilled workforce, and operational
and development cost advantage across various end-use industries have led to an
increased focus on NaaS to overcome the situation of high data consumption. Moreover,
5G infrastructure investments for fast network connectivity have further
boosted the demand for NaaS. Government’s measures such as Digital India
initiative, emphasis on self-reliance, and adoption of advance technologies are
further increasing the capability for NaaS. Many enterprises are adopting NaaS
as a cost-effective solution. Moreover, the market is anticipated to grow due
to the rising demand for digital age networking, which enables businesses to
progress toward digital transformation and produce new business outcomes by
utilizing new digital age technologies such as the internet of things (IoT),
cloud computing, and artificial intelligence (AI), thereby relying on different
software. Additionally, the growing demand for data and high bandwidth
capacity, especially due to increasing smartphone users promotes the
development of the data center market of India.
A
cloud service paradigm known as network as a service, or NaaS, allows clients
to lease networking services from cloud providers. An intelligent and secure
NaaS enables enterprises to enjoy the importance of greater flexibility,
scalability, automation, predictability, and control to support the
high-performance hybrid environment. The network is one of the most critical
components in a digital initiative. In general, NaaS is a business model for
virtually subscribing to enterprise-wide area network services. Without having
to maintain their own networking infrastructure, NaaS enables users to manage
their own networks. NaaS can take the role of multiprotocol label switching
connections, virtual private networks (VPNs), and other dated network
architectures. Additionally, it can replace the position of on-premises
networking equipment such as load balancers and firewall appliances. The
business networking architecture has been significantly impacted by NaaS, a
more recent approach for traffic routing and enforcing security requirements.
The NaaS paradigm with sophisticated management capabilities enables
enterprises to depend on a reliable NaaS provider for non-differentiated,
everyday network administration. This improves the performance and security of
corporate networks while freeing up IT personnel time for duties that enable
business. Moreover, NaaS offers proactive network monitoring, security policy
enforcement, powerful firewall and packet inspection capabilities, and time-series
modelling of application and infrastructure performance.
Rapid
Adoption of Cloud and Digital Transformation by Indian Companies
People
are flocking to the cloud because of its scalability and low cost. Several
cloud service providers across the world have revealed their availability zones
in India, particularly in locations such as Hyderabad, Delhi (NCR), Chennai,
Mumbai, and Bengaluru since they have strong fiber connection in addition to
being close to clients. Three availability zones (AZs) are being built by
Amazon Web Services (AWS) in Hyderabad. Microsoft has purchased Hyderabad-area
property tracts to establish a new data center zone. While 67% of the large
enterprises already accelerated cloud adoption, 39% of medium-sized companies
and 38% of small companies embarked on their cloud journey. Moreover, Mumbai
and Delhi-NCR are Google's two cloud computing hubs in India. Enterprises such
as Yotta Infrastructure, NTT-Netmagic, STT GDC India, Sify Network as a Service
(NaaS)s, and CtrlS are building hyperscale data centers and data center parks
in India. Moreover, as cloud-managed services are a vital part of digital
transformation, their demand will further expand in the coming years. The
government's efforts to transform India into a global data hub have resulted in
several regulations and reforms that have given the essential framework for
this expansion. More new firms are expected to enter the market in the coming
years. Therefore, the rapid adoption of cloud and digital transformation by
Indian companies is driving the growth of the India network as a service (NaaS)
Market.
5G
Will Increase Investments in NaaS
NaaS
is gaining ground in the market due to the growing use of connected devices by
consumers and businesses. In many Tier II and Tier III cities as well as in
rural areas, this has resulted in a significant demand for higher-bandwidth
internet, necessitating the implementation of NaaS to process information on
comparison with big cities. Over 25.2 percent of Indian population with 189
Indian cities had 5G coverage as of January 2023, with significant market
participants, including Reliance Jio, Bharti Airtel, and Vodafone Idea. In 256
cities, Reliance Jio is offering 5G connection. Bharti Airtel is covering more
than 80 cities, while Vodaphone is third. Throughout India, companies such as
Airtel are partnering up to design and build networks by using equipment from
large enterprises such as Nokia, Ericsson, and Samsung. Moreover, the 5G
implementation offers faster access to information, which will lead to more
network services deployments due to the surge in data consumption and
complexity. Furthermore, enterprises are extending their 5G coverage to new
locations across the region which necessitates the construction of the physical
infrastructure to facilitate the significant degree of data sharing. Hence,
increasing 5G investments are driving the growth of the India network as a
service (NaaS) market.
Rising
Demand for NaaS Fueling the Market Growth
The
need for cloud-based solutions is increasing due to the use of technology and
increasing customer preference for the cloud that allows users to access data
remotely. The demand for cloud-based solutions in business is growing as more
enterprises are realizing the importance of saving costs and resources by
moving data to the cloud instead of building and maintaining on-premises
infrastructure. According to the CISCO Global Cloud Index, by 2021, 94% of
all workloads and computing instances were handled by cloud data centers, while
traditional data centers handled only 6%. This demonstrates the potential
of adopting cloud-based contact centers in the future. Major financial businesses
such as banks and financial institutions are expected to increasingly adopt
cloud-based service offerings. Solution developers can source applications and
infrastructure components from many vendors to build hybrid cloud-based
solutions. On the contrary, the IT industry is still seeking for efficient
infrastructure. This has aimed at accelerating market expansion.
Over
the past decade, NaaS has been heavily used by IT organizations, with a clear
trend of adoption by non-IT organizations as well. This is due to the core
principles of NaaS that help enterprises deal with complex network systems and
processes within their organizations. NaaS can replace virtual private networks
(VPNs), multiprotocol label switching (MPLS) connections, or other traditional
network configurations. It can also replace local network hardware such as
firewall appliances and load balancers. This is expected to thrive the India
network as a service (NaaS) market during the forecast period.
Recent
Development
- On
August 26, 2022, CloudExtel, a known Full Stack NaaS Provider and RailTel,
a CPSU of the Ministry of Railways announced a partnership to launch
India's first Shared Radio Access Network (RAN) solution. The solution
will enhance the congested location with the objective of enhancing
telecom users' experience. The success of the Shared RAN solution holds
promises for the customers of such highly populated and highly crowded
areas to have better mobile data usage experience.
- On May
12, 2022, Wipro Limited, an India-based system integrator (SI) provider
firm announced the strategic partnership with Verizon business a US-based
telecom carrier. As part of the multi-year partnership, it will help
transform digitally with network modernization and cloud transformation of
large-sized enterprises worldwide. The NaaS solution will include a range
of pre-configured and tested service chains on a subscription-based
consumption model, designed to drive network infrastructure on demand.
- On
April 27, 2022, Bharti Airtel, announced the acquisition of Cnergee
Technologies, a 5G-ready NaaS service providers at a stake of 7%. The
Airtel Startup Acceleration Program is investing in early-stage start-ups
that are engaged in developing solutions based on new age technologies
complementing Airtel’s Digital vision across segments.
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Market
Segmentation
The
India network as a service (NaaS) market is divided into type, service, and
end-user industries. Based on type, the market is divided 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 divided into IT & telecom,
BFSI, healthcare, retail & e-Commerce, and others (government, education etc.)
Market
Player
Major
market players in the India network as a service (NaaS) market are 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, and
Amdocs Development Centre India LLP.
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Attribute
|
Details
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Base Year
|
2023
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|
Historic Data
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2019 –
2023
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Estimated Year
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2024
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Forecast Period
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2025
– 2029
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Quantitative Units
|
Revenue in USD Million and CAGR for 2019-2024 and 2025-2029
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|
Report coverage
|
Revenue
forecast, company share, growth factors, and trends
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|
Segments covered
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Type
Service
End-User
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|
Country scope
|
India
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|
Region scope
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East, West, North, and South
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|
Key companies profiled
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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, and Amdocs
Development Centre India Llp.
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|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report
Scope:
In this report,
the India network as a service (NaaS) market has been segmented into the
following categories, in addition to the industry trends which have also been
detailed below:
- India Network as a Service (NaaS)
Market, By Type:
o
WAN-as-a-service
o
LAN-as-a-service
- India Network as a Service (NaaS)
Market, By Service:
o
Bandwidth
on Demand (BoD)
o
Wide
Area Network (WAN)
o
Virtual
Private Network (VPN)
- India Network as a Service (NaaS)
Market, By End-User:
o
IT
& Telecom
o
BFSI
o
Healthcare
o
Retail
& E-Commerce
o
Others
(Government, Education etc.)
- India Network as a Service (NaaS)
Market, By Region:
o
East
o
West
o
North
o
South
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India network as a service
(NaaS) market.
Available
Customizations:
TechSci
Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
The India
network as a service (NaaS) market is an upcoming report to be released soon.
If you wish an early delivery of this report or want to confirm the date of
release, please contact us at
[email protected]