Network as a Service Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Network as a Service Market
The Network as a Service market size was valued at USD 13.63 billion in 2022, and the market is now projected to grow from USD18.70 billion in 2023 to USD 155.17 billion by 2030, exhibiting a CAGR of 35.3% during the forecast period of 2023-2030.
As per the 2020 Hybrid Workplace Report organizations spent more on SD-Branch and SD-WAN with appreciation of cloud-based networking investments by 83%, also the rise in VPN and firewall use was attributed to remote work fueled by the ongoing COVID-19 pandemic so up-scales the Network as a Service market growth.
The demand for NaaS is driven by the growing requirement of wireless communication in the industrial and commercial operations. Given the interconnection and dependency of industries and businesses on real-time data exchange, the importance of wireless communication in making operations more efficient and enabling smooth connectivity cannot be underestimated. Network as a Service market share provides a wide-reaching solution as it supplies wireless networking infrastructure and services that cater for these needs.
Network as a Service gets a number of benefits from continuous adoption of cloud services by companies. Service providers have established a very adaptable infrastructure with respect to their ever-changing requirements. NaaS uses such flexibility; it avails network resources that can be modified according to demand hence enabling companies to expand their network capabilities without requiring a lot of hardware or infrastructure investment.
Comprehensive Network as a Service Market
The Network as a Service market is growing at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Type Analysis, by Enterprise Type Analysis, by Application Analysis, by End User Analysis, by Industry Analysis. The Type Analysis includes WAN as a Service and LAN as a Service. The Enterprise Type Analysis includes small and medium-sized enterprise and large enterprise. The Application Analysis includes vast area network, virtual private network, cloud-based services, bandwidth on demand, and others (integrated network security as a service). The End User Analysis includes corporate customers and individual customers. The Industry Analysis includes IT & telecommunications, BFSI, healthcare, manufacturing, retail, and others (transportation)
The North America area lead the Network as a Service market with the resource of estimate a market size of USD 5.71 billion in 2022 due to the attributed to its technological maturity in data centers and network infrastructure and extensive research & development in network expansion technology.
The top players in the market play a crucial role in the Network as a Service industry assuring industrial prospectus development and setting market standards. These players include, Amazon Web Services, Inc. (U.S.), Amdocs Inc. (U.S.), Hewlett Packard Enterprise (Aruba Networks) (U.S.), Megaport Limited (Australia), ARTERIA Networks Corporation (Japan), NEC Corporation (Japan), Cisco Systems Inc. (U.S.), NTT Group (Japan), Cloudflare, Inc. (U.S.), Verizon Communications Inc. (U.S.) these market players provide a competitive landscape.
In May 2023, To boost performance and security, Cloudflare Inc. established a new managed WAN as a Service offering with IT services giant Kyndryl. Its Magic WAN DDoS mitigation and connectivity platform were integrated with cloud networking services as part of a partnership between them targeting users moving towards contemporary IT technologies.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019 – 2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023 – 2030
Historical Period 2019 – 2021
Growth Rate CAGR of 35.3% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Type, Enterprise Type, Application, End User, Industry (Corporate Customers), and Region
By Type WAN as a Service
LAN as a Service
By Enterprise Type Small and Medium-sized Enterprise
Large Enterprise
By Application Wide Area Network
Virtual Private Network
Cloud-based Services
Bandwidth on Demand
Others (Integrated Network Security as a Service)
By End User Corporate Customers
Individual Customers
By Industry (Corporate Customers) BFSI
IT & Telecommunication
Manufacturing
Healthcare
Retail
Others (Transportation)
By Region North America (By Type, By Enterprise Type, By Application, By End User, By Industry (Corporate Customers), and By Country)
- U.S. (By Type)
- Canada (By Type)
- Mexico (By Type)
Europe (By Type, By Enterprise Type, By Application, By End User, By Industry (Corporate Customers), By Country)
- U.K. (By Type)
- Germany (By Type)
- France (By Type)
- Italy (By Type)
- Spain (By Type)
- Russia (By Type)
- Benelux (By Type)
- Rest of Europe
Asia Pacific (By Type, By Enterprise Type, By Application, By End User, By Industry (Corporate Customers), and By Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- South Korea (By Type)
- ASEAN (By Type)
- Oceania (By Type)
- Rest of Asia Pacific
Middle East & Africa (By Type, By Enterprise Type, By Application, By End User, By Industry (Corporate Customers), and By Country)
- Turkey (By Type)
- Israel (By Type)
- GCC (By Type)
- North Africa (By Type)
- South Africa (By Type)
- Rest of the Middle East & Africa
South America (By Type, By Enterprise Type, By Application, By End User, By Industry (Corporate Customers), and By Country)
- Brazil (By Type)
- Argentina (By Type)
- Rest of South America
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Network as a Service Key Players Market Share/Ranking, 2022
- 5. Global Network as a Service Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Type (USD)
- 5.2.1. WAN as a Service
- 5.2.2. LAN as a Service
- 5.3. By Enterprise Type (USD)
- 5.3.1. Small and Medium Enterprises
- 5.3.2. Large Enterprises
- 5.4. By Application (USD)
- 5.4.1. Wide Area Network
- 5.4.2. Virtual Private Network
- 5.4.3. Cloud Based Services
- 5.4.4. Bandwidth on Demand
- 5.4.5. Others (Integrated Network Security-as-a-Service.)
- 5.5. By End User
- 5.5.1. Corporate Customers
- 5.5.2. Individual Customers
- 5.6. By Industry
- 5.6.1. BFSI
- 5.6.2. IT & Telecom
- 5.6.3. Manufacturing
- 5.6.4. Healthcare
- 5.6.5. Retail
- 5.6.6. Others (Transportation.)
- 5.7. By Region (USD)
- 5.7.1. North America
- 5.7.2. South America
- 5.7.3. Europe
- 5.7.4. Middle East & Africa
- 5.7.5. Asia Pacific
- 6. North America Network as a Service Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Type (USD)
- 6.2.1. WAN as a Service
- 6.2.2. LAN as a Service
- 6.3. By Enterprise Type (USD)
- 6.3.1. Small and Medium Enterprises
- 6.3.2. Large Enterprises
- 6.4. By Application (USD)
- 6.4.1. Wide Area Network
- 6.4.2. Virtual Private Network
- 6.4.3. Cloud Based Services
- 6.4.4. Bandwidth on Demand
- 6.4.5. Others (Integrated Network Security-as-a-Service.)
- 6.5. By End User
- 6.5.1. Corporate Customers
- 6.5.2. Individual Customers
- 6.6. By Industry
- 6.6.1. BFSI
- 6.6.2. IT & Telecom
- 6.6.3. Manufacturing
- 6.6.4. Healthcare
- 6.6.5. Retail
- 6.6.6. Others (Transportation.)
- 6.7. By Country (USD)
- 6.7.1. U.S.
- 6.7.1.1. By Type
- 6.7.2. Canada
- 6.7.2.1. By Type
- 6.7.3. Mexico
- 6.7.3.1. By Type
- 7. South America Network as a Service Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Type (USD)
- 7.2.1. WAN as a Service
- 7.2.2. LAN as a Service
- 7.3. By Enterprise Type (USD)
- 7.3.1. Small and Medium Enterprises
- 7.3.2. Large Enterprises
- 7.4. By Application (USD)
- 7.4.1. Wide Area Network
- 7.4.2. Virtual Private Network
- 7.4.3. Cloud Based Services
- 7.4.4. Bandwidth on Demand
- 7.4.5. Others (Integrated Network Security-as-a-Service.)
- 7.5. By End User
- 7.5.1. Corporate Customers
- 7.5.2. Individual Customers
- 7.6. By Industry
- 7.6.1. BFSI
- 7.6.2. IT & Telecom
- 7.6.3. Manufacturing
- 7.6.4. Healthcare
- 7.6.5. Retail
- 7.6.6. Others (Transportation.)
- 7.7. By Country (USD)
- 7.7.1. Brazil
- 7.7.1.1. By Type
- 7.7.2. Argentina
- 7.7.2.1. By Type
- 7.7.3. Rest of South America
- 8. Europe Network as a Service Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Type (USD)
- 8.2.1. WAN as a Service
- 8.2.2. LAN as a Service
- 8.3. By Enterprise Type (USD)
- 8.3.1. Small and Medium Enterprises
- 8.3.2. Large Enterprises
- 8.4. By Application (USD)
- 8.4.1. Wide Area Network
- 8.4.2. Virtual Private Network
- 8.4.3. Cloud Based Services
- 8.4.4. Bandwidth on Demand
- 8.4.5. Others (Integrated Network Security-as-a-Service.)
- 8.5. By End User
- 8.5.1. Corporate Customers
- 8.5.2. Individual Customers
- 8.6. By Industry
- 8.6.1. BFSI
- 8.6.2. IT & Telecom
- 8.6.3. Manufacturing
- 8.6.4. Healthcare
- 8.6.5. Retail
- 8.6.6. Others (Transportation.)
- 8.7. By Country (USD)
- 8.7.1. U.K.
- 8.7.1.1. By Type
- 8.7.2. Germany
- 8.7.2.1. By Type
- 8.7.3. France
- 8.7.3.1. By Type
- 8.7.4. Italy
- 8.7.4.1. By Type
- 8.7.5. Spain
- 8.7.5.1. By Type
- 8.7.6. Russia
- 8.7.6.1. By Type
- 8.7.7. Benelux
- 8.7.7.1. By Type
- 8.7.8. Rest of Europe
- 9. Middle East & Africa Network as a Service Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Type (USD)
- 9.2.1. WAN as a Service
- 9.2.2. LAN as a Service
- 9.3. By Enterprise Type (USD)
- 9.3.1. Small and Medium Enterprises
- 9.3.2. Large Enterprises
- 9.4. By Application (USD)
- 9.4.1. Wide Area Network
- 9.4.2. Virtual Private Network
- 9.4.3. Cloud Based Services
- 9.4.4. Bandwidth on Demand
- 9.4.5. Others (Integrated Network Security-as-a-Service.)
- 9.5. By End User
- 9.5.1. Corporate Customers
- 9.5.2. Individual Customers
- 9.6. By Industry
- 9.6.1. BFSI
- 9.6.2. IT & Telecom
- 9.6.3. Manufacturing
- 9.6.4. Healthcare
- 9.6.5. Retail
- 9.6.6. Others (Transportation.)
- 9.7. By Country (USD)
- 9.7.1. Turkey
- 9.7.1.1. By Type
- 9.7.2. Israel
- 9.7.2.1. By Type
- 9.7.3. GCC
- 9.7.3.1. By Type
- 9.7.4. North Africa
- 9.7.4.1. By Type
- 9.7.5. South Africa
- 9.7.5.1. By Type
- 9.7.6. Rest of Middle East & Africa
- 10. Asia Pacific Network as a Service Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Type (USD)
- 10.2.1. WAN as a Service
- 10.2.2. LAN as a Service
- 10.3. By Enterprise Type (USD)
- 10.3.1. Small and Medium Enterprises
- 10.3.2. Large Enterprises
- 10.4. By Application (USD)
- 10.4.1. Wide Area Network
- 10.4.2. Virtual Private Network
- 10.4.3. Cloud Based Services
- 10.4.4. Bandwidth on Demand
- 10.4.5. Others (Integrated Network Security-as-a-Service.)
- 10.5. By End User
- 10.5.1. Corporate Customers
- 10.5.2. Individual Customers
- 10.6. By Industry
- 10.6.1. BFSI
- 10.6.2. IT & Telecom
- 10.6.3. Manufacturing
- 10.6.4. Healthcare
- 10.6.5. Retail
- 10.6.6. Others (Transportation.)
- 10.7. By Country (USD)
- 10.7.1. China
- 10.7.1.1. By Type
- 10.7.2. India
- 10.7.2.1. By Type
- 10.7.3. Japan
- 10.7.3.1. By Type
- 10.7.4. South Korea
- 10.7.4.1. By Type
- 10.7.5. ASEAN
- 10.7.5.1. By Type
- 10.7.6. Oceania
- 10.7.6.1. By Type
- 10.7.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Amdocs, Inc.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Amazon Web Services, Inc.
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Megaport Limited
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Hewlett Packard Enterprise (Aruba Networks)
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. NEC Corporation
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. ARTERIA Networks Corporation
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. NTT Group
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Cisco Systems Inc.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Cloudflare Inc.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Verizon Communications Inc.
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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