Network As A Service (NaaS) Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Deployment Model (Public, Private, Hybrid), By End-User Industry (Transportation And Logistics, Communication And Technology, Manufacturing, Retail, BFSI, Others), And By Geography - Forecasts From 2022 To 2027

The Network as a Service (NaaS) market is projected to grow at a CAGR of 26.72% during the period to reach US$39.818 billion in 2027 from US$7.589 billion in 2020.

The network as a service (NaaS) market is flourishing due to the rising investments by enterprises into agile infrastructures coupled with the focus driven towards the cost reduction technique.

Network as a service (NaaS) provides businesses with performance benefits and increased flexibility in the network structure.  As a result of this service, companies can result in being more cost-conscious with on-demand purchasing by paying just for the required networking services.  Moreover, it can also assist the business in designing more flexible provisions without the need of rebuilding networks or even renegotiating contracts from scratch.  The market’s proclivity towards digitalization is the driving force that is necessary for robust network services.

Factors such as low cost and greater scalability are attributed to the growth of the rising deployment of networks as a service (NaaS).  The high-speed network coverage with the increasing adoption and implementation of cloud-based data storage are also some of the factors which are adding fuel to the growth of the market. The growing awareness among businesses to save money and learn the importance of resources by shifting the data to the cloud rather than maintaining infrastructure is resulting in driving the demand for cloud-based solutions among multiple corporations. Moreover, operating players in the market are adopting different key strategies to occupy substantial shares in the market. For instance, in May 2022, Orange Business Services launched the service manage-watch, a supervision solution for applications and network services. It ensures end-to-end monitoring, optimal performance of security at the edge, equipment, user experience, and application to meet consumers’ requirements.

The rise in the adoption of Networking Technologies by SMEs & Large Scale Organizations

Companies present in the network as a service market rapidly are showcasing a massive demand from large, small, and medium enterprises which are required to put up with the requirements of empowering remote workers with networking technologies. This certain expansion towards subscription-based payment methods, lower capital investment, as well as on-demand network services, is resulting in giving rise to the developing economies’ market potential in the industry.

Moreover network as a service offers flexible and extended services which include a virtual private network, bandwidth on demand, content monitoring,  custom routing,  wide area networking and even filtering of security services of multiple protocols and even other applications.  Furthermore, there are several end-user industry players present in the market of manufacturing, retail sectors, and most importantly healthcare which are moving forward with the deployment of these networks as a service to automate their business processes.  For instance, in February 2021, Verizon’s Business In collaboration with Cisco system incorporation led to the expansion of their longstanding strategic collaboration which includes 3 SD-WAN managed service options. This longstanding strategic collaboration enabled the corporate enterprises to engage and get a global presence, further allowing them to get access to new solutions and skills and even introducing them to a cutting-edge management and policy administration approach which could support the improvement of organizational outcomes.

North America is anticipated to hold a significant amount of the market share

The demand for the network as a service in Canada is expanding mainly due to various mergers and acquisitions, new product launches, and even collaborations which are resulting in reshaping the market environment in North America as a whole.  On the other hand, malicious cyber activity against information technology service providers is lately on the rise which is resulting in a breach of client information.

This network intrusion which is on the increase has led the Canadian center for cyber security to advise firms. These issues are resulting in businesses becoming increasingly picky regarding their choice of network service providers.  Due to such reasons, the market demand is expected to rise dramatically as linked devices and automation become more prevalent with time.

Companies in North America are also significantly investing in the research and development of data centers including network infrastructures which are contributing heavily towards their growth. Various businesses and organizations are leading towards refining the traditional network infrastructure in becoming advanced ID infrastructures while including cloud computing services and even network visualization solutions.  All these factors combined together are a result of North America holding a significant amount of market share.

Market Key Developments

• In July 2022, the Amazon Web Services (AWS) Storage Gateway Hardware Appliance which is a physical, independent, validated server configuration for on-premises deployments, will be made available by TD SYNNEX. The AWS Storage Gateway Hardware Appliance is being integrated globally by TD SYNNEX, which also offers migration and deployment services to transfer customer data from on-premises storage to the cloud.
• In June 2022, Tech Data India, a TD SYNNEX firm, debuted PEER CONNEXIONS, its B2B eCommerce platform. In line with the industry's shift towards eCommerce, this new Platform intends to realize "Transforming the Traditional to Digital."

Network as a Service (NaaS) Market Scope:

Segmentation:

• By Deployment Model
  • Public
  • Private
  • Hybrid
• By End-User Industry
  • Transportation and Logistics
  • Communication and Technology
  • Manufacturing
  • Retail
  • BFSI
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Others
  • South America
    • Brazil
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Others
  • Middle East and Africa
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others