The global network as a service market size is expected to reach USD 75.25 billion by 2030 according to a new study by Polaris Market Research. The report “Network as a Service Market Share, Size, Trends, Industry Analysis Report, By Organization Size (Large Enterprises, Small and Medium-Sized Enterprises); By Type; By Application; By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The traditional network design, which mostly consists of control and data plans on vertically integrated proprietary hardware, provides a few high-level advanced abstractions for network programming. Due to this, operators have had difficulty launching new services and adjusting to fluctuating load demands and application requirements.
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The growing idea of NaaS intends to use the concepts of cloud computing and virtualization to provide pluggable, scalable, and API-driven network management in order to assist the inadequacies of traditional networks, is anticipated to accelerate the growth of the industry over the forecast period.
In the near future, key factors supporting the growth of the global NaaS market will be the expanding installation and rapid adoption of cloud technologies designed for data storage, as well as the introduction of big data analytics. Additionally, over the forecast period, the rapid development of internet of things (IoT) technologies is projected to increase demand in the global market for the NaaS.
Industry participants include AT&T, Axians, BT Group, Cloudflare, Comcast Business, GTT Communications, HGC, Lumen, NTT Communications, Orange Business Services, Tata Communications, Telefonica, Tenfour, Verizon, Vodafone, and Wipro
Network as a Service Market Report Highlights
Polaris Market Research has segmented the network as a service market on the basis of type, organization size, application, end-use, and region:
Network as a Service, Type Outlook (Revenue, USD Billion, 2018 - 2030)
Network as a Service, Organization Size Outlook (Revenue, USD Billion, 2018 - 2030)
Network as a Service, Application Outlook (Revenue, USD Billion, 2018 - 2030)
Network as a Service, End-Use Outlook (Revenue, USD Billion, 2018 - 2030)
Network as a Service, Regional Outlook (Revenue, USD Billion, 2018 - 2030)