According to recent market research report "Network as a Service Market by Type (LAN and WLAN, WAN, Communication and
Collaboration, and Network Security), Organization Size (Large Enterprises and
SMEs), Application, End User ( BFSI, Manufacturing, Healthcare), and Region -
Global Forecast to 2026", published by MarketsandMarkets™, the global Network as a Service Market size
is expected to grow from USD 10.4 billion in 2021 to USD 37.5 billion by 2026,
at a Compound Annual Growth Rate (CAGR) of 29.4% during the forecast period.
As organizations
progress to cloud and adopt new technologies, the way they architect and set up
network infrastructure must change. So, the enterprise NaaS has emerged as a
significant new way for organizations to flexibly consume network
infrastructure.
Browse and
in-depth TOC on “Network as a Service Market”
166 –
Tables
42
- Figures
246
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It enables them to
use network services over the internet using pay-per-use or subscription
consumption models. Thus, enterprises are beginning to realize the significant
benefits of this new model. This model has also created opportunities for CSPs
to collaborate with cloud providers and other ecosystem partners on service
development and delivery. With NaaS, network spending has shifted from the
Capital Expenditure (CAPEX) to the Operational Expenditure (OPEX) model for
network infrastructure.
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Network Security segment to grow at the highest CAGR
during the forecast period
NaaS offers a strong set
of security services that provide defense against malicious attacks with the
provision of secure network policies, firewall-as-a-service, secure web
gateways, network access control, and secure DDI. These network security
services help businesses to protect networks from cyber threats, data breaches,
intrusions, and detections. Network security is a broad term that comprises a
set of technologies and tools designed to develop the secure flow of data and
information over networks. Irrespective of size, businesses require a high
degree of network security to protect their network infrastructure from the
increasing cyber threats. In today’s digital world and remote work culture,
incidences of network threats have increased exponentially all over the globe.
The changing business model and hybrid network infrastructure are challenges
for businesses in terms of securing network infrastructure. Attackers have
found a hundred ways to exploit network infrastructure with DDoS attacks and
vulnerabilities.
Small and Medium Sized
Enterprises segment is expected to grow at the highest CAGR during the forecast
period
Organizations with less
than 999 employees are considered under the SMEs segment. These organizations
struggle with a low network infrastructure budget, despite advancements in
technologies. However, with the availability of low-cost cloud services and the
as-a-service model, SMEs have shifted their focus on digital transformation to
benefit from emerging technologies such as cloud, analytics, IoT, and SDN.
Small businesses all over the globe are no exception when it comes to access to
wired and wireless infrastructure. Every organization, irrespective of size,
has adopted the mobile-first strategy to cope with the growing technology world
and garner new business opportunities. The NaaS model has benefitted most SMEs.
This model offloads the burden of managing the entire network infrastructure at
a lower cost for network operation teams. In this way, business stakeholders
can emphasize on their daily business activities by accessing continuous
internet connectivity. Like global organizations, SMEs in emerging countries
are moving toward the subscription-based model from the ownership model. Within
the subscription or NaaS model, enterprises can opt to purchase any software or
hardware device costing more than the as-a-service model.
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Asia Pacific (APAC) region to record the highest growing
region in the NaaS market
The NaaS market is highly
competitive in APAC due to the presence of various service providers,
networking providers, telecom carriers, and technology service vendors. Many
vendors compete to offer the best services in the region, particularly in the
retail and e-commerce industry vertical. This region also hosts many emerging
service players in the networking and IT domain. It is proving to be a rich
space in terms of the existence of several multinational corporations,
government organizations, and many midsized as well as large telecommunications
and IT organizations. The growth is attributed to the presence of developing
economies, such as China and India. These countries have expansively considered
the usage of wireless internet to cater to the unparalleled needs of Wi-Fi connectivity
in large enterprises and SMEs of the region. The retail and e-commerce industry
vertical is gaining traction in India and China.
Key and innovative
vendors in Network as a Service Market are AT&T (US), Verizon (US),
Telefonica (Spain), NTT Communications (Japan), Orange Business Services (France),
Vodafone (UK), BT Group (London), Tata Communications (India), Lumen (US),
Masergy (US), Servsys (US), TELUS (Canada), PCCW Global (China), KDDI (Japan),
Cloudflare (US), ARYAKA NETWORKS (US), China Telecom (China), China Mobile (China),
Singtel (Singapore), GTT Communications (US),
Telia (Sweden), Telstra (Australia), Deutsche Telekom (Germany), Colt
Technology Services (UK), HGC (China), TenFour (US),PacketFabric (US), OnX
Canada (Canada), Megaport (Australia), Wipro (India), Epsilon (Singapore),
Axians (France), IPC Tech (US), and Microland (India).
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