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Network as a Service Market Share, Size Forecast Till 2027

According to IMARC Group’s latest report, titled “Network as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ The global network as a service market reached a value of US$ 10.8 Billion in 2021.  Looking forward, IMARC Group expects the market to reach US$ 59.1 Billion by 2027, exhibiting at a CAGR of 32.5% during 2022-2027.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report

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The market is primarily driven by the significant growth in the IT industry across the globe. For instance, NaaS is widely used to operate VPNs, video conferencing, wide area networks (WAN), and run secure web gateways. Besides this, NaaS is deployed on the cloud and on-premises for converting physical networking elements to sharable virtual resources. As a result, there has been rising adoption of NaaS platforms by small, medium and large-sized organizations. In addition, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), augmented reality (AR) solutions, and virtual reality (VR), are contributing to the market growth. These technologies offer enhanced connectivity with computing systems, smart devices, remote offices and data centers.

Competitive Landscape:

  • 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 Market Segmentation:

Breakup by Type:

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

Breakup by Application:

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

Breakup by End Use Industry:

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

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                           

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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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.

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