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NOIDA, India, Oct. 4, 2022 /PRNewswire/ -- According to a new report published by UnivDatos Markets Insights, theNetwork as a Service Market is expected to grow at a CAGR of around 28% from 2022-2028, reaching USD 47 billion by 2028. The analysis has been segmented into Type (Local Area Network (LAN) and Wireless Local Area Network (WLAN), Wide Area Network, Communication and Collaboration, and Network Security); Application (Video Conferencing, Cloud and SaaS Connectivity, VPN, Bandwidth On Demand, Network Access Control, and Others); Organization Size (Large Enterprises and SMEs); End-User (Banking and Financial Services, Manufacturing, Information, and Communication Technology, Retail, Healthcare, and Others); Region/Country.

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Network as a Service (NaaS) Market: Current Analysis and Forecast (2022-2028)

The Network as a Service market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the NaaS market. The NaaS market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the NaaS market at the global and regional levels.

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Market Overview

Network as a Service is defined as network infrastructure hardware, software, services, management, and licensing components used in a subscription-based or flexible consumption model. NaaS enables organizations to outsource network infrastructure provisioning, deployment, network administration, maintenance, and lifecycle management. Financing flexibility, enhanced security, proactive management, and scalable centralized management are some of the major benefits of NaaS.

The global NaaS market is uplifting on the account of the demand for reduced automation time and costs and high reliability and protection for mission-important enterprise applications. Moreover, factors such as the rise of Software-defined networking (SDN) integration into existing network infrastructure, and the accelerated adoption of cloud computing among large and small, and medium enterprises are also contributing to the growth of the market. For example, according to Eurostat, 41% of EU companies used cloud computing primarily for hosting email systems and storing files in electronic form in 2021, and 73% of these companies used cloud computing for security software applications, and hosting enterprises used advanced cloud services.

Some of the major players operating in the market include Verizon Communications Inc., Telefnica S.A., Nippon Telegraph and Telephone Corporation, Orange S.A., Vodafone Group Plc, BT Group plc, Lumen Technologies Inc., AT&T Inc., Comcast Corporation, and KDDI Corporation.

COVID-19 Impact

The adoption of work-from-home during the pandemic has increased the global demand for NaaS. Increased demand has greatly contributed to the development of cloud network services, accelerating the growth of his NaaS market during the pandemic. Additionally, enterprise network licensing and software management components drive market growth through subscriptions.

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Network as a Service (NaaS) Market: Current Analysis and Forecast (2022-2028)

The global NaaS market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

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NaaS Market Geographical Segmentation Includes:

North America captured a prominent share of the market in 2020 owing to the rapid adoption of cloud computing and Network as a Service among enterprises. Further, the presence of significant players such as Verizon Communications Inc., AT&T Inc., and Lumen Technologies Inc. among others, have propelled the growth of the market. Companies are investing tremendously in the research and development of data centers, and network infrastructure is also contributing to the growth of the market.

The major players targeting the market include

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Network as a Service Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

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Network as a Service (NaaS) Market Report Coverage

Report Attribute

Details

Base year

2021

Forecast period

2022-2028

Growth momentum

Accelerate at a CAGR over 28%

Market size 2028

USD 47 billion

Regional analysis

North America, Europe, APAC, Rest of World

Major contributing region

North America to Dominate the Global Network as a Service (NaaS) Market

Key countries covered

The United States, Canada, Germany, The United Kingdom, Spain, Italy, France, China, Japan, and India.

Companies profiled

Verizon Communications Inc., Telefnica S.A., Nippon Telegraph and Telephone Corporation, Orange S.A., Vodafone Group Plc, BT Group plc, Lumen Technologies Inc., AT&T Inc., Comcast Corporation, and KDDI Corporation

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling

Segments Covered

By Type; By Application; By Organization Size; By End-User; By Region/Country

About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

ContactUnivDatos Market InsightsAnkita GuptaDirector OperationsPh: +91-7838604911Email: [emailprotected]Website: https://univdatos.com/

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SOURCE UnivDatos Market Insights Pvt. Ltd.

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Network as a Service (NaaS) is expected to showcase a strong CAGR of around 28% due to the accelerated adoption of cloud computing among large and...