The global network as a service market witnesses a constant revenue increase. Network as a service (NaaS) is a virtual networking business model, integrating existing cloud computing services with the cloud networking framework. NaaS model is used to deliver the network service virtually through ‘pay as you’ service or subscription model. The growth attributes to the increasing adoption of cloud technology for data storage and the introduction of big data analytics.

Moreover, the rapid growth in IoT technologies and on-demand network provider escalates market growth. According to Market Research Future (MRFR), the global network as a service market is projected to reach over USD 126.8 BN by 2022, registering a whopping 28.4% CAGR throughout the forecast period (2016-2022). The Network Virtual Function (NFV) segment by NaaS services is estimated to grow faster during the years to come.

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The NVF growth is due to its advanced approach of releasing the data from a control plane and a coherent improvisation to the traditionally distributed control planes. Additionally, the adoption of Operating Expenditure (OPEX) saving and mobility boosts the NaaS market growth, driving the software define market. Furthermore, spurring rise in the IT & telecommunication industry fosters market growth due to the expansion of various telecom operator networks.

Conversely, the lack of proper infrastructure for implementation of NaaS and high installation costs are some of the major factors projected to impede the market growth. Nevertheless, opportunities in value-added resellers’ products would support the growth of this market throughout the projected period. The rising inclination towards cloud technology by various small and medium-size business units and advances in IoT technologies are forecasted to offer significant growth opportunities.

Global Network as a Service (NaaS) Market – Segmentation

The report is segmented into six dynamics;

By Type : Local Area Network (LAN) and Wide Area Network (WAN).

By Service : Network Virtual Function (NVF), WAN Connection, Data Center, Bandwidth on Demand (BOD), and others.

By Component : Infrastructure and Technology Services.

By Deployment : On-Cloud and On-Premises.

By End-User : IT & Telecommunication, BFSI, Manufacturing, Healthcare, Retail, Transportation, and others.

By Regions : Asia Pacific, Europe, Americas, and the Rest-of-the-World.

The Global NaaS Market – Regional Analysis

North America dominates the global network as a service market. The largest market share attributes to the presence of several notable players and the early adoption of cloud-based deployment services in the region, driving the NaaS adoption to re-structure business functions & strategies. Besides, the higher adoption of NaaS across end-user industry verticals drives the growth of the market.

Moreover, technological advances and vast numbers of networks due to the digital revolution across the industries influence the Network as a Service Market Growth. The US and Canada, with their increasing NaaS applications, hold considerable shares in the regional market. The North American NaaS market is projected to retain its dominance throughout the estimated period.

Europe holds the second-largest share in the global network as a service market. The region has seen an increased application in IT & telecommunication sector in the region, fostering market growth. Additionally, the market growth is driven by the increasing deployment of advanced NaaS features across the industries.

Furthermore, augmenting research and development in telecom industry technology related to network expansion increases the market size. The European NaaS market is anticipated to create a substantial revenue pocket during the assessment period.

The Asia Pacific network as a service market is emerging as a profitable market globally. Factors such as the high penetration of the Internet of Things and cloud-related technology in the region propel the network as a service market growth. Moreover, the increasing uptake of cloud-based services and enormous opportunities across businesses in the region influence the growth of the NaaS market. The APAC network as a service market is expected to grow at an impressive CAGR during the predicted period.

Global Network as a Service Market – Competitive Analysis

The well-established NaaS market appears fragmented due to the presence of several key companies. Service providers incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product launch to gain a competitive advantage. Naas providers focus on innovations and the development of new solutions, fueling the already intensified market competition.

Industry/ Innovation/ Related News

September 29, 2020 ---- Epsilon Data Management, LLC (the UK), a global connectivity and communications service provider, announced its partnership with one of South Africa’s leading technology companies Business Connexion (BCX), to deliver high-performance data center interconnection (DCI) services for African enterprises. Epsilon is cloud-centric global connectivity and communications service provider.

BCX uses Epsilon’s Network as a Service (NaaS) platform Infiny for seamless global connectivity and managing network services from a single portal to expand its reach and resiliency for its multi-national customers. The partnership would enable BCX’s enterprise customers across South Africa to connect to data centers across the globe seamlessly.

Major Players:

Players leading the global NaaS market include Brocade Communications Systems Inc. (US), Alcatel Lucent (US), Ciena Corporation (US), IBM Corp. (US), Cisco Systems (US), Juniper Networks (US), VMware (US), NEC Corp. (Japan), Aryaka Networks Inc. (US), and AT&T (US), among others.

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