Home Press Releases Network as a Service Market Size Worth $75.25 Billion By 2020 | CAGR: 23.7%

Network as a Service Market Size Worth $75.25 Billion By 2020 | CAGR: 23.7%

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

  • In type segment, WAN segment is expected to account for the largest revenue share owing to the rising demand for WAN solutions to manage intricate and varied network infrastructure
  • In organization size segment, Small and medium enterprises segment is expected to grow at highest CAGR owing to the increased demand for the NaaS in small and medium-size firms
  • North America is expected to account for the largest market size during the forecast period due to the growing technological advancements in the region
  • The global market is highly competitive owing to the existence of large industry players with global presence AT&T, Axians, BT Group, Cloudflare, Comcast Business, GTT Communications.

 

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)

  • Local Area Network and Wireless Local Area Network
  • Wire Area Network
  • Communication and Collaboration
  • Network Security

Network as a Service, Organization Size Outlook (Revenue, USD Billion, 2018 – 2030)

  • Large Enterprises
  • Small and Medium-Sized Enterprises

Network as a Service, Application Outlook (Revenue, USD Billion, 2018 – 2030)

  • UCaaS/Video Conferencing
  • Virtual Private Network
  • Cloud and SaaS Connectivity
  • Bandwidth on Demand
  • Multi-Branch Connectivity
  • WAN Optimization
  • Secure Web Gateway
  • Network Access Control
  • Others

Network as a Service, End-Use Outlook (Revenue, USD Billion, 2018 – 2030)

  • Banking, Financial, Services, and Insurance
  • Manufacturing
  • Retail and eCommerce
  • Software and Technology
  • Media and Entertainment
  • Healthcare
  • Education
  • Government
  • Others

Network as a Service, Regional Outlook (Revenue, USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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