Global Network as a Service Market Size To Worth USD 136 Billion by 2033 | CAGR of 26.55%
Category: Information & TechnologyGlobal Network as a Service Market Size To Worth USD 136 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Network as a Service Market Size is to Grow from USD 12.91 Billion in 2023 to USD 136 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 26.55% during the projected period.
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Browse key industry insights spread across 210 pages with 125 Market data tables and figures & charts from the report on the "Global Network as a Service Market Size, Share, and COVID-19 Impact Analysis, By Type (WAN as a Service and LAN as a Service), By Application (Wide Area Network, Virtual Private Network, Cloud-Based Services, Bandwidth on Demand, and Others), By End-User Industry (BFSI, Manufacturing, Healthcare, and IT & Telecommunication), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/network-as-a-service-market
Network as a service (NaaS) is a cloud-based model letting clients lease networking services, eliminating the need for maintaining infrastructure. Similar to SASE, it merges software-defined networking with security. Network as a service replaces traditional setups like VPNs, MPLS connections, and on-premise hardware such as firewalls and load balancers. It addresses the inefficiencies of internally maintained WANs, offering flexibility, scalability, remote accessibility, security, and cost savings. Key drivers for the global network as a service market include AI-driven insights, closed-loop issue resolution, enhanced security, improved application experience, cost efficiency, streamlined operations, continuous updates, and growing wireless communication needs in industrial and commercial sectors. Industries benefit from scalable, robust wireless networks supporting IoT, automation, and real-time monitoring. However, the global network as a service market is restrained by challenges in regulatory compliance, balancing high-security standards, adhering to evolving demands, and maintaining scalability, all of which pose financial and operational risks.
The WAN as a service segment is anticipated to hold the greatest share of the global network as a service market during the projected timeframe.
Based on the type, the global network as a service market is divided into WAN as a service and LAN as a service. Among these, the WAN as a service segment is expected to hold the largest share of the global network as a service market during the forecast period. WAN as a service provides flexible, scalable cloud-based connectivity for multiple locations, reducing physical infrastructure costs and enhancing network performance with software-defined technologies.
The wide area network segment is anticipated to hold the greatest share of the global network as a service market during the projected timeframe.
Based on site, the global network as a service market is divided into a wide area network, virtual private network, cloud-based services, bandwidth on demand, and others. Among these, the wide area network segment is expected to hold the largest share of the global network as a service market during the forecast period. WANs are crucial for connecting dispersed locations in large organizations, ensuring high connectivity and reliable data transmission. The rise of globalization and remote work has increased demand, with SD-WAN technology offering improved efficiency, cost reduction, and flexibility.
The IT & telecommunication segment is anticipated to grow at the fastest pace in the global network as a service market during the projected timeframe.
Based on type, the global network as a service market is divided into BFSI, manufacturing, healthcare, and IT & telecommunication. Among these, the IT & telecommunication segment is expected to grow at the fastest CAGR in the global network as a service market during the forecast period. Rapid growth in the network as a service is fueled by the IT & telecom sector's need for uninterrupted connectivity, scalability, and flexibility. The demand is driven by cloud computing, 5G technology, increasing data usage, and global digital transformation efforts.
North America is anticipated to hold the largest share of the global network as a service market over the forecast period.
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North America is anticipated to hold the largest share of the global network as a service market over the forecast period. The market is driven by the dominance of network as a service due to advanced IT infrastructure and early tech adoption in the U.S., along with major market players. Key factors include strong digital transformation efforts, widespread cloud computing, significant R&D investments, and the rise of remote working demanding scalable and flexible network solutions.
Asia Pacific is expected to grow at the fastest pace in the global network as a service market over the forecast period. IT outsourcing and tech infrastructure investments in China, India, Indonesia, and Japan drive growth, along with cloud service adoption and digital initiatives. Government policies, smart city projects, tech startups, and IoT device usage further boost demand for scalable network as a service solution.
Major vendors in the Global Network as a Service Market include AT&T, Verizon, Telefonica, NTT Communications, Orange Business Services, Vodafone, BT Group, Tata Communications, Lumen, Comcast Business, Axians, Amdocs Inc., Amazon Web Services Inc., Cloudflare Inc., Cisco Systems Inc., and Others.
Recent Developments
- In May 2024, Cloudflare, Inc., the leading connectivity cloud company, announced the acquisition of BastionZero, a Zero Trust infrastructure access platform, to strengthen remote access to core IT systems for customers of Cloudflare One, the company’s secure access service edge (SASE) platform
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Network as a Service Market based on the below-mentioned segments:
Global Network as a Service Market, By Type
- WAN as a Service
- LAN as a Service
Global Network as a Service Market, By Application
- Wide Area Network
- Virtual Private Network
- Cloud-Based Services
- Bandwidth on Demand
- Others
Global Network as a Service Market, End-User Industry
- BFSI
- Manufacturing
- Healthcare
- IT & Telecommunication
Global Network as a Service Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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