Global Network as a Service Market Insights Forecasts to 2033

• The Global Network as a Service Market Size Was Valued at USD 12.91 Billion in 2023
• The Market Size is Growing at a CAGR of 26.55% from 2023 to 2033
• The Worldwide Network as a Service Market Size is Expected to Reach USD 136 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Network as a Service Market Size is Anticipated to Exceed USD 136 Billion by 2033, Growing at a CAGR of 26.55% from 2023 to 2033.

Market Overview

Network as a Service (NaaS) is a cloud-based model where clients lease networking services from cloud providers. It enables customers to manage their networks without maintaining networking infrastructure. It is similar to SASE (Secure Access Service Edge), which combines software-defined networking with network security functions. Network as a service can replace traditional networking configurations like virtual private networks (VPNs), multi-protocol label switching (MPLS) connections, and on-premise hardware such as firewalls and load balancers. It was developed in response to the inefficiencies of internally maintained wide area networks (WANs) and the shift of business processes to the cloud. The advantages of the network as a service include flexibility, scalability, remote accessibility, no maintenance requirements, bundled security features, and cost savings.

Report Coverage

This research report categorizes the market for the global network as a service based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global network as a service market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global network as a service market.

Driving Factors

Network as a service provides AI-driven actionable insights and closed-loop issue resolution and helps IT improve the utilization of services and optimize workload traffic. It enhances security through tighter integration between the network and network security and provides on-premise and cloud-based security. It also offers improved application experience, visibility, and insights through proactive network monitoring and security policy enforcement. Companies benefit financially by only paying for the actual consumption, avoiding unnecessary expenditure on unused equipment, and flexibly expanding bandwidth when demand increases.

Networks as a service streamline operations like new user onboarding, synchronization, and optimization, reducing time and operational costs. Continuous updates, patches, and improvements ensure networks remain secure and efficient.

The need for wireless communication in industrial and commercial operations further fuels the adoption. Industries like manufacturing, logistics, and utilities rely on robust wireless networks for IoT connectivity, automation, real-time monitoring, and remote operations. In the commercial sector, wireless networks support flexible mobile connectivity for employees and customers in retail, hospitality, healthcare, and transportation. Network as a service caters to these needs, allowing businesses to scale their wireless networks as requirements evolve.

Restraining Factors

The global network as a service market faces significant challenges that might hinder its growth. One major restraining factor is ensuring regulatory compliance while providing NaaS services. Market suppliers must adhere to stringent security and regulatory standards to meet business objectives. Cloud providers are required to maintain high scalability standards for storage, computation, and network resource sharing. Additionally, evolving demands such as enhanced security, business restructuring, and mergers add complexity. Vendors often struggle to balance safeguarding their technology while complying with regulations, which can impact their service offerings. Non-compliance poses substantial financial and operational risks to both vendors and their clients. Keeping pace with federal laws and constantly evolving technology remains a primary challenge for all stakeholders in this sector.

Market Segmentation

The global network as a service market share is classified into type, application, and end-user industry.

• 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.

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, offers flexibility and scalability, allowing businesses to connect multiple locations seamlessly and manage their wide-area networks through the cloud. The service reduces the need for physical infrastructure, capital expenditures, and maintenance costs. Additionally, WANaaS boosts network performance and reliability by utilizing software-defined networking technologies.

• The wide area network segment is expected to hold the largest share of the global network as a service market during the forecast period.

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 (WAN) segment is expected to hold the largest share of the global network as a service market during the forecast period. WANs play a critical role in connecting geographically dispersed locations, making them indispensable for large organizations with multiple branches. WANs offer high connectivity and reliable data transmission over large distances, vital for seamless business operations. With the trend of globalization and remote working, the demand for robust and scalable WAN solutions has surged. WANs also benefit from technologies, like software-defined wide area networks (SD-WAN), which improve network efficiency, reduce costs, and provide greater flexibility.

• The IT & telecommunication segment is expected to grow at the fastest CAGR in the global network as a service market during the forecast period.   

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. This rapid growth is driven by reliance on networking solutions for efficient and seamless operations. The IT & telecom sector requires uninterrupted connectivity, scalability, and flexibility, provided by the network as a service solution. Furthermore, cloud computing, cloud storage, 5G technology, and increasing data usage drive the need for robust and adaptable network services. The ongoing digital transformation across businesses worldwide also fuels demand in this segment, as companies seek to modernize their infrastructure and enhance network performance.

Regional Segment Analysis of the Global Network as a Service Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global network as a service market over the predicted timeframe.

North America is anticipated to hold the largest share of the global network as a service market over the predicted timeframe. This dominance is attributed to the highly developed IT infrastructure and the early adoption of advanced technologies. The United States leads in technological innovation and has several key market players offering network as a service. Additionally, a strong emphasis on digital transformation and the widespread adoption of cloud computing across various industry verticals contribute to the demand. The region also benefits from huge investments in research and development in the IT industry. Furthermore, the growing trend of remote working and the need for reliable, scalable, and flexible network solutions further fuel the market growth.

Asia Pacific is expected to grow at the fastest pace in the global network as a service market during the predicted timeframe. The IT outsourcing and investments in tech infrastructure in China, India, Indonesia, and Japan drive this growth. The increasing adoption of cloud services, digital transformation initiatives, and the expanding internet user base are factors boosting market growth. Furthermore, government policies supporting digital inclusion and smart city projects fuel the demand for scalable and flexible network solutions. The growing tech startup ecosystem and the use of IoT devices drive the need for an advanced network as a service solution.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global network as a service market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

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

• In March 2024, Meter, a leading provider of internet infrastructure solutions for businesses, announced the launch of the Meter Partner Program. This partner program represents a next step in the company’s long-term ambition to turn internet infrastructure into a utility.

• In March 2024, Kyndryl, the world’s largest IT infrastructure services provider, and Cloudflare, Inc., a leading connectivity cloud company, announced a global strategic alliance, an expansion of their partnership, to enable enterprises to migrate and manage networks for multi-cloud connectivity and comprehensive network security.

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