Report Description

Global Network as a Service Market is expected to grow at a robust pace during the forecast period of 2024-2028 as the world shall see an increase in number of data centers and remote work model still in place even after the Covid-19 outbreak.

Network as a Service (NaaS) is a cloud architecture that allows customers to easily manage their networks and achieve desired results without owning, building, or maintaining their own infrastructure. NaaS can be used to replace hardware-based VPNs (Virtual Private Network), load balancers, firewall appliances, and MPLS (Multi-Protocol Label Switching) connections. Users can scale up and down as demand changes, launch services faster, and reduce hardware costs. NaaS provides the ability to pay for services based on usage and volume as your business needs to evolve. You can also monitor and manage network services and track consumption and prices. On-Demand services can be ordered, implemented, and managed together. To provide network services to customers, NaaS uses a virtualized network infrastructure. Network resources should be maintained and managed by the NaaS provider. When the service provider works for the customer, the customer's workload is reduced. A pay-per-use approach is also used in NaaS.

Rising Demand Worldwide for Network As a Service 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. Demand for cloud-based solutions in business grows as more companies realize 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 are expected to be handled by cloud data centers, while traditional data centers will handle only 6%. This demonstrates the potential for cloud-based contact center adoption in the future. Major businesses such as banks are expected to increasingly adopt cloud-based service offerings. Solution developers can source application and infrastructure components from many vendors to build hybrid cloud-based solutions, but the IT industry is still looking for efficient infrastructure. This is aimed at accelerating market expansion.

Over the past decade, Network-as-a-Service 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 Network-as-a-Service that help organizations deal with complex network systems and processes within their organizations. Network-as-a-Service 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 drive the Network as a Service NaaS market during the forecast period.

Latest Market Trends in Network as a Service to expand the market growth

In 2022, Verizon had announced contract-free wireless with Total by Verizon, a new prepaid wireless brand that operates on America's most reliable 5G network where Total by Verizon's customers can take advantage of new options for contract-free wireless service with uncompromised network quality, a wider range of devices and new tariffs for single-line accounts and families.

At VMware Explore 2022, VMware Inc. and IBM announced an expanded partnership to help global customers and partners modernize their mission-critical workloads and accelerate time to value in hybrid cloud environments. Together, IBM and VMware will provide customers in regulated industries such as financial services, healthcare, and the public sector with the ability to address the cost, complexity, and risk of migrating and modernizing their mission-critical workloads to the cloud.

In 2022, Cisco had announced an expanded relationship with General Dynamics Information Technology (GDIT), a business unit of General Dynamics, to provide Cisco Private 5G services to a wide range of government agencies. Together, Cisco and his GDIT can deliver simple and intuitive services to government agencies with private 5G solutions for IoT and edge use cases.


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Market Segmentation

The Global Network as a Service Market is segmented based on By Type, By Service, By End User. Based on Type, the market is segmented 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), Virtual Private Network (VPN). Based on End User, the market is segmented into IT & Telecom, BFSI, Healthcare, Retail & E-Commerce, Others (Government, Education etc.).

Market player

The main market players in the Global Network as a Service Market are Cisco Systems Inc., Verizon Communications Inc., IBM Corporation, NEC Corporation, Oracle Corporation, AT&T Inc., Juniper Networks Inc., DXC Technology Company, VMware Inc., Ciena Corporation.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

·         Type

·         Service

·         End-User

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East

Country scope

United States, Canada, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Italy, Spain, Brazil, Argentina, Saudi Arabia, South Africa

Key companies profiled

Cisco Systems Inc., Verizon Communications Inc., IBM Corporation, NEC Corporation, Oracle Corporation, AT&T Inc., Juniper Networks Inc., DXC Technology Company, VMware Inc., Ciena Corporation.

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, Global Network as a Service Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Network as a Service Market, By Type:

o   WAN-as-a-service

o   LAN-as-a-service

·         Network as a Service Market, By Service:

o   Bandwidth on Demand (BoD)

o   Wide Area Network (WAN)

o   Virtual Private Network (VPN)

·         Network as a Service Market, By End-User:

o   IT & Telecom

o   BFSI

o   Healthcare

o   Retail & E-Commerce

o   Others (Government, Education etc.)

·         Network as a Service Market, By Region:

o   North America

§  United States

§  Canada

o   Asia-Pacific

§   India

§  Japan

§  South Korea

§  Australia

§  China

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

o   Middle East & Africa

§  Saudi Arabia

§  South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Network as a Service Market.

Available Customizations:

With the given market data, 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 ten).
The Global Network as a Service 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]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 Global Network as a Service Market

4.    Executive Summary

5.    Voice of Customers

6.    Global Network as a Service Market

6.1.  Market Size & Forecast

6.1.1.            By Value

6.2.  Market Share & Forecast

6.2.1.            By Type (WAN-as-a-service, LAN-as-a-service)

6.2.2.            By Service (Bandwidth on Demand (BoD), Wide Area Network (WAN), Virtual Private Network (VPN))

6.2.3.            By End User (IT & Telecom, BFSI, Healthcare, Retail & E-Commerce, Others (Government, Education etc.))

6.2.4.            By Region

6.2.5.            By Company

6.3.  Market Map

7.    North America Network as a Service Market Outlook

7.1.  Market Size & Forecast

7.1.1.            By Value

7.2.  Market Share & Forecast

7.2.1.            By Type

7.2.2.            By Service

7.2.3.            By End-User

7.2.4.            By Country

7.3.  North America: Country Analysis

7.3.1.              United States Network as a Service Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1.                By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1.                By Type

7.3.1.2.2.                By Service

7.3.1.2.3.                By End-User

7.3.2.                Canada Network as a Service Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1.                By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1.                By Type

7.3.2.2.2.                By Service

7.3.2.2.3.                By End-User

7.3.3.                Mexico Network as a Service Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1.                By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1.                By Type

7.3.3.2.2.                By Service

7.3.3.2.3.               By End-User

8.    Asia-Pacific Network as a Service Market Outlook

8.1.  Market Size & Forecast

8.1.1.            By Value

8.2.  Market Share & Forecast

8.2.1.            By Type

8.2.2.            By Service

8.2.3.            By End-User

8.2.4.            By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.              China Network as a Service Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1.                By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1.                By Type

8.3.1.2.2.                By Service

8.3.1.2.3.                By End-User

8.3.2.              India Network as a Service Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1.                By Value   

8.3.2.2. Market Share & Forecast

8.3.2.2.1.                By Type

8.3.2.2.2.                By Service

8.3.2.2.3.                By End-User

8.3.3.              Japan Network as a Service Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1.                By Value   

8.3.3.2. Market Share & Forecast

8.3.3.2.1.                By Type

8.3.3.2.2.                By Service

8.3.3.2.3.                By End-User

8.3.4.              South Korea Network as a Service Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1.                By Value 

8.3.4.2. Market Share & Forecast

8.3.4.2.1.                By Type

8.3.4.2.2.                By Service

8.3.4.2.3.                By End-User

8.3.5.              Australia Network as a Service Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1.                By Value 

8.3.5.2. Market Share & Forecast

8.3.5.2.1.                By Type

8.3.5.2.2.                By Service

8.3.5.2.3.               By End-User

9.    Europe Network as a Service Market Outlook

9.1.  Market Size & Forecast

9.1.1.            By Value

9.2.  Market Share & Forecast

9.2.1.            By Type

9.2.2.            By Service

9.2.3.            By End-User

9.2.4.            By Country

9.3.  Europe: Country Analysis

9.3.1.              Germany Network as a Service Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1.                By Value 

9.3.1.2. Market Share & Forecast

9.3.1.2.1.                By Type

9.3.1.2.2.                By Service

9.3.1.2.3.                By End-User

9.3.2.              United Kingdom Network as a Service Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1.                By Value 

9.3.2.2. Market Share & Forecast

9.3.2.2.1.                By Type

9.3.2.2.2.                By Service

9.3.2.2.3.               By End-User

9.3.3.              France Network as a Service Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1.                By Value 

9.3.3.2. Market Share & Forecast

9.3.3.2.1.                By Type

9.3.3.2.2.                By Service

9.3.3.2.3.               By End-User

9.3.4.              Spain Network as a Service Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1.                By Value 

9.3.4.2. Market Share & Forecast

9.3.4.2.1.                By Type

9.3.4.2.2.                By Service

9.3.4.2.3.                By End-User

9.3.5.              Italy Network as a Service Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1.                By Value 

9.3.5.2. Market Share & Forecast

9.3.5.2.1.                By Type

9.3.5.2.2.                By Service

9.3.5.2.3.               By End-User

10. South America Network as a Service Market Outlook

10.1.   Market Size & Forecast

10.1.1.          By Value

10.2.   Market Share & Forecast

10.2.1.          By Type

10.2.2.          By Service

10.2.3.          By End-User

10.2.4.          By Country

10.3.   South America: Country Analysis

10.3.1.           Brazil Network as a Service Market Outlook

10.3.1.1.              Market Size & Forecast

10.3.1.1.1.             By Value 

10.3.1.2.              Market Share & Forecast

10.3.1.2.1.             By Type

10.3.1.2.2.             By Service

10.3.1.2.3.             By End-User

10.3.2.           Argentina Network as a Service Market Outlook

10.3.2.1.              Market Size & Forecast

10.3.2.1.1.             By Value 

10.3.2.2.              Market Share & Forecast

10.3.2.2.1.             By Type

10.3.2.2.2.             By Service

10.3.2.2.3.             By End-User

10.3.3.           Colombia Network as a Service Market Outlook

10.3.3.1.              Market Size & Forecast

10.3.3.1.1.             By Value 

10.3.3.2.              Market Share & Forecast

10.3.3.2.1.             By Type

10.3.3.2.2.             By Service

10.3.3.2.3.             By End-User

11. Middle East & Africa Network as a Service Market Outlook

11.1.   Market Size & Forecast

11.1.1.          By Value

11.2.   Market Share & Forecast

11.2.1.          By Type

11.2.2.          By Service

11.2.3.          By End-User

11.2.4.          By Country

11.3.   Middle East & Africa: Country Analysis

11.3.1.           Saudi Arabia Network as a Service Market Outlook

11.3.1.1.              Market Size & Forecast

11.3.1.1.1.             By Value 

11.3.1.2.              Market Share & Forecast

11.3.1.2.1.             By Type

11.3.1.2.2.             By Service

11.3.1.2.3.             By End-User

11.3.2.           South Africa Network as a Service Market Outlook

11.3.2.1.              Market Size & Forecast

11.3.2.1.1.             By Value 

11.3.2.2.              Market Share & Forecast

11.3.2.2.1.             By Type

11.3.2.2.2.             By Service

11.3.2.2.3.             By End-User

11.3.3.           UAE Network as a Service Market Outlook

11.3.3.1.              Market Size & Forecast

11.3.3.1.1.             By Value 

11.3.3.2.              Market Share & Forecast

11.3.3.2.1.             By Type

11.3.3.2.2.             By Service

11.3.3.2.3.             By End-User

12. Market Dynamics

12.1.   Drivers

12.1.1.         Rising demand for NaaS

12.1.2.         Use in IT organizations

12.2.   Challenges

12.2.1.         Compatibility of systems

13. Market Trends & Developments

13.1.   Total by Verizon

13.2.   VMware Inc. and IBM partnership

13.3.   Cisco partnership with General Dynamics Information

14. Company Profiles

14.1.   Cisco Systems Inc.  

14.1.1.       Business Overview

14.1.2.       Key Revenue and Financials

14.1.3.       Recent Developments

14.1.4.       Key Personnel

14.1.5.       Key Product/Services

14.1.6.       SWOT Analysis

14.2.   Verizon Communications Inc.

14.2.1.       Business Overview

14.2.2.       Key Revenue and Financials

14.2.3.       Recent Developments

14.2.4.       Key Personnel

14.2.5.       Key Product/Services

14.2.6.       SWOT Analysis

14.3.   IBM Corporation

14.3.1.       Business Overview

14.3.2.       Key Revenue and Financials

14.3.3.       Recent Developments

14.3.4.       Key Personnel

14.3.5.       Key Product/Services

14.3.6.       SWOT Analysis

14.4.   NEC Corporation

14.4.1.       Business Overview

14.4.2.       Key Revenue and Financials

14.4.3.       Recent Developments

14.4.4.       Key Personnel

14.4.5.       Key Product/Services

14.4.6.       SWOT Analysis

14.5.   Oracle Corporation

14.5.1.       Business Overview

14.5.2.       Key Revenue and Financials

14.5.3.       Recent Developments

14.5.4.       Key Personnel

14.5.5.       Key Product/Services

14.5.6.       SWOT Analysis

14.6.   AT&T Inc.

14.6.1.       Business Overview

14.6.2.       Key Revenue and Financials

14.6.3.       Recent Developments

14.6.4.       Key Personnel

14.6.5.       Key Product/Services

14.6.6.       SWOT Analysis

14.7.   Juniper Networks Inc.

14.7.1.       Business Overview

14.7.2.       Key Revenue and Financials

14.7.3.       Recent Developments

14.7.4.       Key Personnel

14.7.5.       Key Product/Services

14.7.6.       SWOT Analysis

14.8.   DXC Technology Company

14.8.1.       Business Overview

14.8.2.       Key Revenue and Financials

14.8.3.       Recent Developments

14.8.4.       Key Personnel

14.8.5.       Key Product/Services

14.8.6.       SWOT Analysis

14.9.   VMware Inc.

14.9.1.       Business Overview

14.9.2.       Key Revenue and Financials

14.9.3.       Recent Developments

14.9.4.       Key Personnel

14.9.5.       Key Product/Services

14.9.6.       SWOT Analysis

14.10. Ciena Corporation

14.10.1.    Business Overview

14.10.2.    Key Revenue and Financials

14.10.3.    Recent Developments

14.10.4.    Key Personnel

14.10.5.    Key Product/Services

14.10.6.    SWOT Analysis

15. Strategic Recommendations

15.1.   Key focus on IT & Telecommunication Industry

15.2.   Key focus on North American region

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Network-as-a-Service (NaaS) is a cloud service model in which customers rent network services from cloud providers. NaaS allows customers to run their own network without having to maintain their own network infrastructure.

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Like other cloud services, NaaS providers use software to perform network functions, essentially allowing organizations to set up their own networks without using any hardware. All one needs is an internet connection.

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Major market players are Cisco Systems Inc., Verizon Communications Inc., IBM Corporation, NEC Corporation, Oracle Corporation, AT&T Inc., Juniper Networks Inc., DXC Technology Company, VMware Inc., and Ciena Corporation.

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NaaS eliminates many IT costs including infrastructure, hardware, software, and operations. Instead of charging high network costs all at once, the service offers flexibility with monthly subscriptions that allow for a more predictable budget.

profile

Sakshi Bajaal

Business Consultant
Press Release

Network as a Service (NaaS) Market To Be Dominated By IT and Telecommunication Industry

Mar, 2023

Rising demand for cloud computing as well as subscription business s are the major factors driving the Global Network as a Service Market during the forecast period.