According to recent market research report "Network as a Service Market by Type (LAN and WLAN, WAN, Communication andCollaboration, and Network Security), Organization Size (Large Enterprises andSMEs), Application, End User ( BFSI, Manufacturing, Healthcare), and Region -Global Forecast to 2026", published by MarketsandMarkets™, the global Network as a Service Market sizeis 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 organizationsprogress to cloud and adopt new technologies, the way they architect and set upnetwork infrastructure must change. So, the enterprise NaaS has emerged as asignificant new way for organizations to flexibly consume networkinfrastructure.
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It enables them touse network services over the internet using pay-per-use or subscriptionconsumption models. Thus, enterprises are beginning to realize the significantbenefits of this new model. This model has also created opportunities for CSPsto collaborate with cloud providers and other ecosystem partners on servicedevelopment and delivery. With NaaS, network spending has shifted from theCapital Expenditure (CAPEX) to the Operational Expenditure (OPEX) model fornetwork infrastructure.
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Network Security segment to grow at the highest CAGRduring the forecast period
NaaS offers a strong setof security services that provide defense against malicious attacks with theprovision of secure network policies, firewall-as-a-service, secure webgateways, network access control, and secure DDI. These network securityservices help businesses to protect networks from cyber threats, data breaches,intrusions, and detections. Network security is a broad term that comprises aset of technologies and tools designed to develop the secure flow of data andinformation over networks. Irrespective of size, businesses require a highdegree of network security to protect their network infrastructure from theincreasing 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 challengesfor businesses in terms of securing network infrastructure. Attackers havefound a hundred ways to exploit network infrastructure with DDoS attacks andvulnerabilities.
Small and Medium SizedEnterprises segment is expected to grow at the highest CAGR during the forecastperiod
Organizations with lessthan 999 employees are considered under the SMEs segment. These organizationsstruggle with a low network infrastructure budget, despite advancements intechnologies. However, with the availability of low-cost cloud services and theas-a-service model, SMEs have shifted their focus on digital transformation tobenefit from emerging technologies such as cloud, analytics, IoT, and SDN.Small businesses all over the globe are no exception when it comes to access towired and wireless infrastructure. Every organization, irrespective of size,has adopted the mobile-first strategy to cope with the growing technology worldand garner new business opportunities. The NaaS model has benefitted most SMEs.This model offloads the burden of managing the entire network infrastructure ata lower cost for network operation teams. In this way, business stakeholderscan emphasize on their daily business activities by accessing continuousinternet connectivity. Like global organizations, SMEs in emerging countriesare moving toward the subscription-based model from the ownership model. Withinthe subscription or NaaS model, enterprises can opt to purchase any software orhardware device costing more than the as-a-service model.
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Asia Pacific (APAC) region to record the highest growingregion in the NaaS market
The NaaS market is highlycompetitive in APAC due to the presence of various service providers,networking providers, telecom carriers, and technology service vendors. Manyvendors compete to offer the best services in the region, particularly in theretail and e-commerce industry vertical. This region also hosts many emergingservice players in the networking and IT domain. It is proving to be a richspace in terms of the existence of several multinational corporations,government organizations, and many midsized as well as large telecommunicationsand IT organizations. The growth is attributed to the presence of developingeconomies, such as China and India. These countries have expansively consideredthe usage of wireless internet to cater to the unparalleled needs of Wi-Fi connectivityin large enterprises and SMEs of the region. The retail and e-commerce industryvertical is gaining traction in India and China.
Key and innovativevendors 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), ColtTechnology Services (UK), HGC (China), TenFour (US),PacketFabric (US), OnXCanada (Canada), Megaport (Australia), Wipro (India), Epsilon (Singapore),Axians (France), IPC Tech (US), and Microland (India).
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