Network-as-a-Service (Naas) Market Size, Share & Segmentation by Type (Local Area Network, Wide Area Network, Communication and Collaboration, and Network Security), by Organization Size (Large Enterprises and Small and Medium-Sized enterprises), by End-User (BFSI, Manufacturing, Retail, and eCommerce Software and Technology, Media and Entertainment, Healthcare, Education, Government, Others End Users), by Application (Video Conferencing, Virtual Private Network, Cloud and SaaS Connectivity, Bandwidth on Demand, Multi-Brach Connectivity, Wan Optimization, Secure Web Gateway, Network Access Control, Other Applications ), by Regions and Global Market Forecast 2022-2028

Report Scope & Overview:

The Network-as-a-Service (Naas) Market size was valued at USD 9.81 Bn in 2021 and is expected to reach USD 62.59 Bn by 2028, and grow at a CAGR of 30.31% over the forecast period 2022-2028.

In the current environment, Network as a Service is commonly described as a virtual networking business model; it is totally used to combine or merge modern cloud computing services with the sophisticated cloud networking framework. Network as a Service is a type of model used to swiftly supply network services completely digitally. Network as a Service can be delivered via a 'pay as you go' service or through a simple subscription approach. Network as a Service is another term for an on-demand network provider for any form of organization.

Network-as-a-Service is an Internet-wide virtual network service outsourcing paradigm. The major service providers supply end users with essential network gear on a subscription basis, which is cost-effective and provides a comprehensive network solution. Some of the key features of NaaS include increased network flexibility, efficient network bandwidth, and a positive impact on resource-centric processes such as trouble management, network monitoring, and provisioning, as well as service-centric processes such as service configuration, selling, and activation. However, dependency on the provider for whole network solutions and network outages restrict NaaS adoption.

MARKET DYNAMICS:

KEY DRIVERS:

• Accelerated cloud service adoption among major and small businesses.

• For mission-critical business applications, high dependability and security are required.

• Rise in the construction of new data center infrastructures.

• Increased integration of SDN with existing network infrastructures.

RESTRAINTS:

• In the NaaS market, there is a lack of uniformity.

OPPORTUNITY:

• Demand for cloud-native solutions based on SDN and NFV to replace the existing networking approach.

• Expanding global workforce.

CHALLENGES:

• Concerns about data security and privacy.

IMPACT OF COVID-19:

COVID 19 has had an impact on practically all nations, as well as the Network as a Service Market share. To counteract the negative impacts, nations have implemented lockdowns that have harmed the Network as a Service market. The epidemic poses various obstacles to the industry; it affects people all over the world. Numerous issues, such as the danger of uninterrupted manufacturing, supply chain, distribution, a shortage of workforce personnel, and significantly reduced development activities, have substantially influenced continued demand and supply. People are less active than they used to be. Significant strategic changes are taking place. Because of rising customer demand, multinational corporations are increasing their investments in the Network as a Service market.

MARKET ESTIMATION:

VPN-as-a-service allows businesses to connect to the cloud through physical data centers or private networks. Cloud VPN/hosted VPN/VPN as-a-service allows customers to securely access enterprise applications, data, and files in the cloud via websites, PCs, or mobile apps. Because of the widespread use of cloud infrastructure, businesses are increasingly turning to cloud-based VPN services. VPN is an essential application of Network as a Service, which is built on a network architecture that is hosted in the cloud. VPNaaS offers end-users, including subscribers and third-party users, worldwide VPN access through the public internet. It is primarily intended to let consumers to access to the internet via company servers. Because most data or information on servers is encrypted for privacy, VPNaaS may enable safe internet access via a virtual private environment.

Large enterprises are classified as companies with more than 999 employees. Due to a variety of advantages, businesses are shifting away from the historical ownership model and toward the subscription model. Large corporations have several departments and a diverse workforce. This increases the need for good WAN, LAN, and WLAN connections for employees, as well as access to laptops, tablets, and cellphones. Large corporations have several business units that operate all around the world. These businesses benefit from seamless LAN and Wi-Fi connectivity. These advantages include increased productivity, a better user experience, more cooperation, and increased worker efficiency. Cloud-based infrastructure connection from NaaS providers covers various networking resources such as virtual machines, servers, load balancers, network switches, memory, and storage.

The BFSI segment of the Network as a Service Market is expected to have a greater market size during the forecast period, based on end-users. Banks, financial institutions, and insurance companies are all BFSI stakeholders. The digital economy is booming across all developed and emerging countries as a result of technological breakthroughs such as the introduction of the internet and mobile banking. Consumers' rising technical sophistication has compelled BFSI establishments to become more technologically proficient and provide on-the-go financial services. The banking industry is worried about financial data security. As a result, CIOs are embracing secure wireless connectivity to increase data security, improve user experience, and provide new services to consumers.

KEY MARKET SEGMENTS:

On The Basis of Type

• Local Area Network

• Wide Area Network

• Communication and Collaboration

• Network Security

On The Basis of Organization Size

• Large Enterprises

• Small and Medium-Sized enterprises

On The Basis of End-User

• BFSI

• Manufacturing

• Retail And Ecommerce

• Software And Technology

• Media and Entertainment

• Healthcare

• Education

• Government

• Others End Users

On The Basis of Application

• Video Conferencing

• Virtual Private Network

• Cloud And SaaS Connectivity

• Bandwidth On Demand

• Multi-Brach Connectivity

• Wan Optimization

• Secure Web Gateway

• Network Access Control

• Other Applications

REGIONAL ANALYSIS:

North America dominated the Network as a Service market in 2021 and is anticipated to do so again by 2028. Cloud computing penetration, modern IT infrastructure, and a greater concentration of network virtualization solution manufacturers are projected to increase NaaS adoption in the area. The rising need for high-performance computing infrastructure has heightened the importance of virtualized computing environments. Cloud platforms are being used by technology enterprises and telecom service providers in order to minimize personnel expenses. This would encourage the use of NaaS by removing the need to maintain their sophisticated network infrastructure.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • MexicO

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

KEY PLAYERS:

The major key players are Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, NEC Corporation, VMware Inc., Aryaka Networks, Inc., AT&T, Inc., Alcatel Lucent S.A, Brocade Communication Systems, Inc, Ciena Corporation

Frequently Asked Questions (FAQ) :