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Network as a Service Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented 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 (IT & Telecom, BFSI, Healthcare, Retail & E-Commerce, Others (Government, Education etc.)), By Region

September 2023 | 177 pages | ID: N02CA5790F38EN
TechSci Research

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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.

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.

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:
    • WAN-as-a-service
    • LAN-as-a-service
    • Network as a Service Market, By Service:
    • Bandwidth on Demand (BoD)
    • Wide Area Network (WAN)
    • Virtual Private Network (VPN)
    • Network as a Service Market, By End-User:
    • IT & Telecom
    • BFSI
    • Healthcare
    • Retail & E-Commerce
    • Others (Government, Education etc.)
    • Network as a Service Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • India
      • Japan
      • South Korea
      • Australia
      • China
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • UAE
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, Tech Sci 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).
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
6.3. By Company
6.4. 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
12.2. Challenges

13. MARKET TRENDS & DEVELOPMENTS


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
14.2. 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
14.3. 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
14.4. 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
14.5. 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
14.6. 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
14.7. 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
14.8. 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
14.9. 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
14.10. 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

15. STRATEGIC RECOMMENDATIONS


16. ABOUT US & DISCLAIMER


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