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Network as a Service Market Size, Growth, Demand, Top Companies and Forecast 2024-2032

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IMARC Group, a leading market research company, has recently released a report titled “Network as a Service Market Report by Type (LAN-as-a-Service, WAN-as-a-Service), Application (Cloud-based Services, Bandwidth on Demand, Integrated Network Security-as-a-Service, Wide Area Network, Virtual Private Network), End Use Industry (Healthcare, BFSI, Retail and E-Commerce, IT and Telecom, Manufacturing, Transportation and Logistics, Public Sector), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the network as a service market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global network as a service market size reached US$ 19.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 170.6 Billion by 2032, exhibiting a growth rate (CAGR) of 26.5% during 2024-2032.

Request to Get the Sample Report: https://www.imarcgroup.com/network-as-a-service-market/requestsample

Factors Affecting the Growth of the Network as a Service Industry:

  • Shift towards cloud computing:

The ongoing shift towards cloud computing is one of the key factors driving the expansion of the network as a service (NaaS) market. Businesses and organizations are increasingly adopting cloud services to enhance their operational efficiency, scalability, and innovation capacity. This transition necessitates robust, scalable, and flexible networking solutions that can support the dynamic and often unpredictable demands of cloud-based applications and services. NaaS fits this requirement by providing on-demand network services that can be easily scaled up or down based on real-time needs, thereby supporting the cloud-centric operational models of modern enterprises.

  • Demand for cost efficiency and flexibility:

Organizations are constantly seeking ways to reduce capital expenditure (CapEx) and operational expenditure (OpEx) without compromising on performance or scalability. NaaS models offer a compelling proposition by shifting networking from a capital-intensive investment to an operational cost. This reduces direct investments in networking hardware and offers the flexibility to adjust services and bandwidth as per changing needs, ensuring that businesses pay only for what they use. Moreover, the NaaS model frees companies from the complexities and costs associated with network maintenance and upgrades, thereby impelling the market growth.

  • Proliferation of remote work and digital transformation:

The global increase in remote work and the accelerated pace of digital transformation initiatives are significant catalysts for the NaaS market. With the dispersion of the workforce and the need for secure, reliable access to corporate resources from anywhere, organizations require networks that extend beyond traditional office boundaries. NaaS facilitates this by offering scalable, flexible networking solutions that can support a dispersed workforce, ensuring seamless connectivity and collaboration. Furthermore, as companies assume digital transformation journeys to improve efficiency, customer experience, and innovation, the need for agile networking solutions that can support rapid changes in business processes becomes critical. NaaS provides the agility and scalability required to support these digital initiatives, making it an integral part of the digital transformation toolkit, thus aiding in market expansion.

Explore the Full Report at: https://www.imarcgroup.com/network-as-a-service-market

Network as a Service Market Report Segmentation:

By Type:

WAN-as-a-Service represents the largest segment due to its ability to offer scalable, flexible, and cost-effective wide-area network solutions that meet the demands of globally dispersed organizations.

  • LAN-as-a-Service
  • WAN-as-a-Service

By Application:

Based on the application segment, the market is segmented into cloud-based services, bandwidth on demand, integrated network security-as-a-service, wide area networks, and virtual private networks.

  • Cloud-based Services
  • Bandwidth on Demand
  • Integrated Network Security-as-a-Service
  • Wide Area Network
  • Virtual Private Network

By End Use:

IT and telecom dominate the market as these industries require robust, scalable, and secure network infrastructures to support the high volume of data traffic and connectivity needs inherent in their operations.

  • Healthcare
  • BFSI
  • Retail and E-Commerce
  • IT and Telecom
  • Manufacturing
  • Transportation and Logistics
  • Public Sector

Regional Insights:

North America enjoys the leading position in the market owing to the early adoption of advanced technologies, significant investments in cloud services, and the presence of a large number of enterprises requiring sophisticated network services.

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Global Network as a Service Market Trends:

The increasing reliance on data-intensive applications and Internet of Things (IoT) devices necessitates robust and scalable network infrastructures, thus propelling the market growth. Additionally, advancements in network technologies such as software-defined wide area network (SD-WAN) and fifth generation (5G) are enhancing NaaS offerings and making them more attractive for businesses seeking cutting-edge connectivity solutions,  which is further fueling the market growth. Moreover, the surge in cybersecurity threats, which necessitates advanced network security solutions that NaaS can integrate seamlessly, is fostering market expansion. Furthermore, the increasing industrial digitalization spurring the demands for agile and secure networks, with NaaS providing an efficient pathway to modernize legacy systems and support new digital services, is contributing to market expansion.

Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=4762&flag=C

Top Companies Operated in Network as a Service Industry:

  • Akamai Technologies Inc.
  • AT&T Inc.
  • Broadcom Inc.
  • Ciena Corporation
  • Cisco Systems Inc.
  • GTT Communications Inc.
  • Hewlett Packard Enterprise Development LP
  • International Business Machines Corporation
  • Juniper Networks Inc.
  • Nokia Corporation
  • Oracle Corporation
  • Telstra Corporation Limited
  • Verizon Communications Inc.
  • VMware Inc. (Dell Technologies Inc.)

Key Highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:
IMARC Group
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